Stock Market Investors » Glossary of Stock Terms » What is a 403 b Plan?

What is a 403 (b) Plan?

403 (b) plans are a type of a retirement plan that carries most of the characteristics of 401k plans. However, they differ from the latter since they are generally for religious, educational and other groups, which are defined as non profit. The investments in 403 b plans are annuities. Thus, 403b plans are often referred to as annuity plans. The contributions to 403b plans are deferred from taxes until you withdraw money from the account.

To be a successful investor you need two main things - the knowledge and the right trading platform.

For a trading platform we recommend you try Zecco.
Zecco offers free stock trades, no account minimum, real time quotes, trading community, and is also insured and protected against loss by SIPC. Opening a Zecco account to benefit from $0 Stock/ETF trading is a smart idea. Free stock trades allow you to preserve more of your wealth and save money, which you can invest instead of paying brokerage commissions.

For knowledge we can highly recommend you subscribe to the The Wall Street Journal.

Article Tools

Rate this article : Low

Currently 2.8/5 Stars
1
2
3
4
5

High

Bookmark this page (CTRL+D) :

Email to a friend | Print this page | Link to this article | Digg this