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403 b plan

• A type of retirement savings plan, used mainly by non-profit employers. Also known as a tax- deferred annuity.

• A tax-deferred annuity retirement plan available to employees of public schools and certain nonprofit organizations.

 
 Embedded terms in definition
 Annuity
Deferred annuity
Type
 
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Teaching Children the Financial Facts of Life: Showing the importance of saving, spending wisely and sharing with others More...

Do not let yourselves be discouraged or embittered by the smallness of the success you are likely to achieve in trying to make life better. You certainly would not be able, in a single generation, to create an earthly paradise. Who could expect that? But, if you make life ever so little better, you will have done splendidly, and your lives will have been worthwhile. - Arnold Toynbee

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