Buy Side | What Is a 403(b)?

Contributing sentiments towards policy:

51% : It's possible to borrow up to $50,000 and pay it back over 15 years along with interest and taxes, but not all 403(b) plans allow it.
50% : With a Roth, you contribute after-tax dollars, but then can withdraw all your earnings tax-free in retirement, no matter how high your balance climbs.
47% : If you would prefer to pay taxes on your retirement contributions upfront, you should consider a Roth 403(b).
45% : Just like 401(k) plans, when you contribute to your 403(b), your contributions are deducted from your paycheck before taxes.
43% : And while you can defer taxes on your contributions, you do eventually have to pay them.
43% : Like 401(k)s and IRAs, if you withdraw funds from your tax-deferred 403(b) before 59½, you'll pay a 10% early withdrawal penalty in addition to taxes.

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