It’s up to you to make sure you’ll have a comfortable retirement. In many instances, Social Security will not provide you with as much money as you were earning before you retired. Also, many Americans are living longer, healthier lives and may need a bigger nest egg in their retirement years. 403(b) plans can help you save the money you’ll need.
Who is eligible for a 403(b) plan? Employees of most tax-exempt groups such as hospitals, social service agencies, libraries, K-12 public schools, colleges and universities may participate in 403(b) plans. Check with a benefits specialist where you work to learn what your employer offers.
