Benefits of a 403b account

Thanks for the video! This is great stuff! I am a teacher in NJ, and I have always had this question… maybe you can answer it in a future video…

Most websites suggest you save ~15% of your paycheck for retirement. However how does that number change for a teacher with a pension? What percentage should I put in my 403b if I will be getting a full pension at retirement?

As a piece of investment advice, I'd stay away from FTX for a while. Ask a public district employee of the Ontario Teacher's retirement fund for reference.

Thank you for the informative video. I have a 403 b, I chose traditional vs Roth, but was only offered to go with one vendor Voya financial and you are right they do have hidden fees, I wonder if the nurses also have ‘tiers’ that’s something I haven’t heard of, I have to do some digging😀

Great video! 👍I'm new to TSAs and need all the help I can get. This was very helpful and you explained it well. I just subscribed to learn more.

Can you post a video explaining what a pension is?

I worked for a non profit for a few years but I have transitioned. Can I keep my 403b account and just add money to it myself? Or do I need to cash it out?

I plan on leaving my job early to go to med school and I had a 403b plan . My job matches my contribution. I plan on taking the full amount and using it to support me in school . Will I be able to get the full amount or just what I contributed

Where are you at dude?

Do you have a similar video like this for 457?

Can I contribute to my 403b from money in my checking account or does that money have to be taken from my paychecks

Would you recommend tiaa?

This is the most SIMPLE explanation of a 403b that ive ever seen and ive been purusing through videos for a while. Thank you so much! You made all of this make sense in my head.

Thank you for this informative video! This is helpful stuff!

I am a college adjunct and I have a 403B and a 457.

I have a 403b ROTH. It is new and I am loading it up to the max of 30000 a year

I'm in NJ and I just love this video!!!

Ive seen 403b described as an annuity. How does that differ from a pension? Can you outlive a 403b?

I work at a community college and have access to both a 403b and 457. My plan is to contribute mostly into the Roth 457 in index funds and let that grow. That'll be my main account to withdraw from at retirement.

With the 403b, there is no match but there is a guaranteed fund that offers 8.25% interest a year (fingers crossed it'll stay that way). I'll use that as my "savings" account/cash bucket. I'll contribute some money there yearly and let it grow so that I can use it as my cash bucket for when the markets are down during retirement. That way I wouldn't be selling my funds at a loss and use the money from the 403b as a buffer during bear markets.

Also trying to build a dividend portfolio in my Roth IRA, and use that as another stream of income at retirement. I believe employees at most public university/school settings have access to all these amazing tools at their hand to retire quite comfortably if they are strategic. Not to mention the pension waiting for them as well.

When I looked into taking withdrawals from my 403b and in my research it shows that withdrawals are at 20% when I was under the impression and was told it would be at the tax rate at retirement. What am I missing?

New subscriber ! Thanks for sharing

Hello from San Francisco. My wife has a 403b plan so this was a helpful explanation.

Great explanation! Thank you!!!

Useless video do not understand anything

Thank you

Can anyone help me ? which company is best for 403b in texas ? thank you

How's milliman as a custodian?

I’ve been looking into different retirement accounts, and I keep hearing about the 403(b). Do you know much about it? I think it’s mostly for public sector employees or non-profits, right?

I don't think it's a good investment if you started a new job a 40 years old