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gar1976 · 10-15-2004, 12:22 PM

A 403(b) is for an employee of tax-exempt religious, charitable or educational organizations. Works pretty much the same way as a 401(k), in that either you can defer cash or your employer can make contributions. You can borrow against the plan if permitted, and be careful on excess contributions, which might be taxed twice in some cases. For 2003, if you are under 50 you may contribute up to $12k into the plan. The amount you have in there can be rolled over to an IRA if desired.

As for your investments, you might want to sit down with an investment advisor. Most companies nowadays, for fear of lawsuits/litigation (think Enron, in which all the workers foolishly had all their retirement in Enron stock when the shit hit the fan) will allow you to sit with an investment advisor for recommendations on how to divide your investments.

10-15-2004, 12:22 PM	#2 (permalink)
gar1976 Custom User Title Location: Lurking. Under the desk.	A 403(b) is for an employee of tax-exempt religious, charitable or educational organizations. Works pretty much the same way as a 401(k), in that either you can defer cash or your employer can make contributions. You can borrow against the plan if permitted, and be careful on excess contributions, which might be taxed twice in some cases. For 2003, if you are under 50 you may contribute up to $12k into the plan. The amount you have in there can be rolled over to an IRA if desired. As for your investments, you might want to sit down with an investment advisor. Most companies nowadays, for fear of lawsuits/litigation (think Enron, in which all the workers foolishly had all their retirement in Enron stock when the shit hit the fan) will allow you to sit with an investment advisor for recommendations on how to divide your investments. __________________ Blistex, in regards to crappy games - They made pong look like a story driven RPG with a dynamic campaign.