What is a 403(b)
Plan?
A 403(b) plan is a
retirement plan for certain public school employees, tax-exempt
organizations and certain ministers.
Generally, retirement
income accounts can be invested in either annuities or mutual funds also known as a
“tax-sheltered account (TSA) plan".
The features of a 403(b) plan are very similar to those of a 401(k) plan. Employees may make
salary deferral contributions that are usually limited by regulatory
caps. Individual accounts in a 403(b) plan can be any of the following
types:
-
An annuity
contract, which is provided through an insurance company.
-
A custodial
account, which is invested in mutual funds.
-
A retirement
income account set up for church employees.
At Master Capital
Wealth Management we are proud to be a partner in education as well as a
partner in excellence with the many of the schools in the Central Florida
area. We
serve those individuals that play such an important role in shaping the children
of tomorrow.
That is why we work
hard for them and offer the support they need when it comes to our
children’s education and the lively hood of these extraordinary
individuals teaching them.
As with all retirement
plans, there are rules and tax implications that everyone must know
before making a decision to begin one.
Like those who teach,
we are also committed to fostering an environment of continuous learning
and development with honest communication and maintaining the highest
standards of business ethics and integrity.
We invite you to call
us today for a complimentary needs analysis and discover today your plan
for the future. We are here to help.
Please call us today
and begin the journey to fulfill your individual retirement needs for a
happy ending!
What are you waiting
for? Let us help you make that informed
decision by calling 407-339-5222 or toll free at 800-865-0001.
You may also contact
us by clicking
here and completing the form on that page. We will have
one of our retirement specialist contact you within 24 hours
We look forward to
working for you. We know you have worked hard for your money and we want to
make sure your money works hard for you!
