Federal & State Employee 403(b) & 457(b)

It can be frustrating to know that your retirement may be approaching, and you're still unsure if you're saving enough funds to secure your future. With limited time and resources, it's difficult to navigate the complicated world of financial planning by yourself. 

At Symphony Cross, we understand the unique retirement needs of teachers and State employees. With that, we offer comprehensive 403(b) planning services that simplify the retirment process and ensure your savings are working hard for your future. 

What is a 403(b) Plan? 

A 403(b) plan, sometimes called a tax-sheltered annuity plan, is a retirement plan for specific groups of people, including public school employees, some tax-exempt organizations, and certain ministers can opt-in to save money. With a 403(b) plan, employees can set aside part of their salary for retirement, and sometimes their employer can also contribute.

An employee is typically eligible for a 403(b) plan if they are: 

• Employed by organizations exempt from taxation under IRS Section 501(c)(3)
• Public school employees who are responsible for running the schools on a daily basis
• Cooperative hospital service organization employees
• Civilian faculty and staff at Uniformed Services University of the Health Sciences (USUHS)
• Employees of Indian tribal government-organized public school systems

Ministers may also be eligible if:

• They are employed by Section 501(c)(3) organizations.
• They are self-employed and treated as employed by a qualified tax-exempt organization.
• They are employed by organizations that are not Section 501(c)(3) organizations but function as ministers 

Is a 403(b) Plan for You?

You may want to consider a 403(b) plan if you:

• Work in the education or non-profit sector and are eligible for a 403(b) plan
• Want to take advantage of potential employer-matching contributions
• Want to have access to a variety of investment options and the ability to customize your retirement plan to meet your specific needs
• Are looking for a retirement plan with a shorter vesting schedule than a 401(k) plan
• Want the flexibility to make additional contributions if you have served 15 or more years in your current position

How We Can Help with Your 403(b) Plan

At Symphony Cross, we understand the importance of retirement planning for teachers and public employees and as your trusted partner in your financial journey, we offer expert guidance to help you make informed decisions about your 403(b) plan. Here are some of the ways we can help:

• We provide personalized advice tailored to your unique financial situation and retirement goals.
• We offer a wide range of investment options, so you can find the right mix of funds to match your risk tolerance and return expectations.
• We help you navigate the complexities of 403(b) plans, including contribution limits, tax implications, and employer matching programs.
• We offer online tools and resources to help you track your progress and adjust your plan as needed.
• We provide ongoing support and education to help you stay on track and make the most of your retirement savings.

Take Control of Your Retirement Today

Don't leave your financial future to just your Social Security Benefits—take control of your retirement today with Symphony Cross's comprehensive 403(b) planning services. 

Our expert team members  can help you navigate the complexities of retirement planning, maximize your contributions, and build a strong financial foundation for your future. 

Contact us today to learn more and take the first step toward securing your retirement.