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A Summary of the Tam aqua Area School Districts 403(b) Tax Sheltered Account ProgramPrepared by KadesMargolis Corporations Summary Plan Document (SPD) booklet is a brief description of the 403(b)

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How to fill out 403 b ampamp 457b

01

Determine if you are eligible to contribute to a 403(b) or 457(b) plan.

02

Contact your employer or plan administrator to obtain the necessary paperwork and information on your options for contribution amounts.

03

Decide how much you would like to contribute to the plan and set up automatic deductions from your paycheck if possible.

04

Choose your investment options within the plan based on your risk tolerance and investment goals.

05

Monitor your account regularly and make any necessary adjustments to your investments over time.

Who needs 403 b ampamp 457b?

01

Employees of certain non-profit organizations such as schools, hospitals, and religious organizations may be eligible to participate in a 403(b) plan.

02

Government employees and certain non-profit employees may be eligible to participate in a 457(b) plan.

03

Individuals looking to save for retirement in a tax-advantaged account may benefit from participating in a 403(b) or 457(b) plan.

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What is 403b & 457b?

403b and 457b are retirement savings plans for employees of non-profit organizations and government entities, respectively.

Who is required to file 403b & 457b?

Employees who participate in these retirement plans are required to file 403b and 457b.

How to fill out 403b & 457b?

Employees can fill out 403b and 457b forms provided by their employer with details of their contributions and investment choices.

What is the purpose of 403b & 457b?

The purpose of 403b and 457b plans is to help employees save for retirement and take advantage of tax benefits.

What information must be reported on 403b & 457b?

Employees must report their contributions, investment choices, and any withdrawals or loans taken from their 403b and 457b plans.

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