403(b) Plans for Teachers
At Appreciation Financial, our agents focus solely on retirement planning for teachers and public employees. For those working in education, a 403(b) is one of the best retirement income sources available. We can help guide you through the process of picking the right 403(b) plan as you work to balance your financial goals for tomorrow with your needs for today.
The different 403(b) plans can be confusing. We understand that. Our licensed agents have the knowledge and experience you need to answer your questions and provide a personalized analysis of your portfolio. Your best interests are our top priority, and our Appreciation Financial experts can help you analyze the specifics of the 403(b) options available to you.
What Is a 403(b) Plan?
A 403(b) plan, also referred to as a tax-sheltered annuity or TSA-plan, is a retirement account that is available to certain public employees. Eligible employees usually include public school employees involved in day-to-day operations. Generally, most teachers and administrators at public schools are eligible for a 403(b) plan.
A 403(b) plan is similar to a 401(k) plan in many ways. Both plans offer tax-advantaged benefits for employees to save for retirement. However, 401(k) plans typically serve private-sector employees.