What does 403(b) mean?

Definitions for 403(b)
403(b)

This dictionary definitions page includes all the possible meanings, example usage and translations of the word 403(b).


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Wikidata

  1. 403(b)

    A 403(b) plan is a U.S. tax-advantaged retirement savings plan available for public education organizations, some non-profit employers, cooperative hospital service organizations, and self-employed ministers in the United States. It has tax treatment similar to a 401 plan, especially after the Economic Growth and Tax Relief Reconciliation Act of 2001. Employee salary deferrals into a 403(b) plan are made before income tax is paid and allowed to grow tax-deferred until the money is taxed as income when withdrawn from the plan. 403(b) plans are also referred to as a tax-sheltered annuity although since 1974 they no longer are restricted to an annuity form and participants can also invest in mutual funds.

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Numerology

  1. Chaldean Numerology

    The numerical value of 403(b) in Chaldean Numerology is: 2

  2. Pythagorean Numerology

    The numerical value of 403(b) in Pythagorean Numerology is: 2

Examples of 403(b) in a Sentence

  1. Katie Taylor:

    Ive been in this industry for almost 20 years, and we have been consistently saying that if you have access to a 401(k) or a 403(b), you should take a long-term view, its really encouraging that people are doing that now. That we have savings rates going up, employers adding more, its all great news.

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"403(b)." Definitions.net. STANDS4 LLC, 2024. Web. 19 Mar. 2024. <https://www.definitions.net/definition/403%28b%29>.

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