breaks down 403b retirement plan into an easy to understand video. Watch this video to learn about 7 important benefits 403b plans provide.

Some of the many benefits offered by this type of retirement plan includes:

Tax Deductible Contributions – Not only are you able to contribute your pre-taxed income, but you can also deduct contributions from your federal tax payment.

Multiple Investment Options – Choose a provider you are most comfortable with to administer your plan.

Taxes Paid When Money is Withdrawn – You will not have to pay taxes until you withdraw the money at a later date.

Roth Options – Some employers will allow Roth contributions to 403b plans.

Savings Grow Tax Free – No taxes on interest AND no capital gains.

Loans Could Be Taken Against Plan – Some plans may allow you to barrow from you plan. Details regarding consequences can vary.

Contribution Limits Higher Than IRA Plans

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