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The Top 9 Benefits of a 403(b) Plan

The Top 9 Benefits of a 403(b) Plan

A 403(b) plan is a type of tax-sheltered retirement plan that has a lot in common with the more widely recognized 401(k) plan. Contributions to a traditional 403(b) plan are deductible for federal income tax purposes. The tax deduction can be highly valuable since it reduces the amount of income tax paid at the individual's marginal tax bracket.