Understanding Employer Offered Retirement Accounts

  You started a new job. Congratulations. The first days were a blur of paperwork, training, and explanations of benefits. You signed up for your employer sponsored retirement plan because you understand how crucial retirement savings is and want to ensure your financial stability throughout your life. But you desire to fully understand what you…

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Understanding Roth 403(b) plans

Roth 403(b) plans are offered to employees in education, non-profit organizations, and certain religious organizations.  These plans are a hybrid of traditional 403(b) plans and Roth IRAs, and they were introduced 2001 to help offset some of the economic effects of a recession. Key aspects of Roth 403(b) plans: Roth contributions are post-tax contributions meaning…

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