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Funded by Your Employer, Guided by Experts
A 403(b) plan, or tax-sheltered annuity (TSA), offers a vital retirement savings option for employees of public schools, nonprofits, and tax-exempt organizations. Much like a 401(k), it allows you to contribute pre-tax earnings, lowering your taxable income and building a secure future. We guide you through the complexities of your 403(b) plan, ensuring you make the most of your contributions and optimize your retirement savings. Our customized approach helps you subscribe to plans, and live a secure and prosperous retirement!
Free ConsultationGrow Old Tax-free— Explore the Best 403(b) Plans
Traditional 403(b)
Contributions are made with pre-tax dollars, lowering your current taxable income. Taxes are paid upon withdrawal in retirement.
Roth 403(b)
Contributions are made with after-tax dollars, and withdrawals, including earnings, are tax-free in retirement.
Tax Advantages
Benefit from reduced taxable income with a traditional 403(b) or enjoy tax-free withdrawals with a Roth 403(b).
Employer Matching
Many employers offer matching contributions that provide additional funds to enhance your retirement savings.
We’ll Not Let You Outlive Your Savings
- Enrollment and Contribution Optimization: We streamline the enrollment process and help you set ideal contribution levels to achieve your retirement objectives.
- Investment Selection Assistance: Get help in choosing a diversified portfolio tailored to your risk tolerance and retirement timeline.
- Employer Matching Optimization: Ensure you contribute enough to fully benefit from any employer matching programs available.
- Tax Efficiency Strategies: Benefit from strategies designed to maximize tax advantages throughout both contribution and withdrawal stages.
- Comprehensive Retirement Planning: Integrate your 403(b) savings into a well-rounded retirement plan that accounts for all income sources and future expenses.
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Prevent Penalties & Protect Your Investments
We help ensure every hard-earned cent you save works effectively for your future. Federal employees with 403(b) plans face unique challenges compared to those in the private sector. It’s important to consider these factors to keep your retirement savings secure and adaptable:
- Understand Contribution Limits: Know how much you can contribute each year to maximize your savings and meet your retirement goals.
- Evaluate Investment Options: Choose investments that match your risk tolerance and retirement plans to help grow your savings effectively.
- Check Employer Matching: Find out if your employer offers matching contributions and contributes enough to take full advantage of this benefit.
- Consider Portability: 403(b) plans may not transfer easily between employers, unlike some 401(k) plans. Understand the transfer process to keep your savings on track.
Safe Retirement Starts with Smart Planning
Federal employees often find themselves less familiar with the Social Security benefits their retirement accounts can offer, even with years of minimal savings. Federal Pension Advisors is here to bridge that knowledge gap and guide you through maximizing your benefits. Our team of seasoned advisors is dedicated to crafting a personalized strategy that aligns with your retirement goals. Don’t let uncertainty hold you back—schedule a consultation today and take control of your financial future with confidence!