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.
Please call us today for a personal appointment by calling 407-339-5222 or toll free at 800-865-0001
Or you can complete the contact us form and we will have one of our financial retirement specialist call you.
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!