Page 52 - Intelligent Investing (3)
P. 52
Types of Investment Accounts
● 403b
○ Retirement account usually offered by non profit organizations such as schools, universities..
○ Pre tax contributions up to $18,000 yearly or $24,000 if over the age of 50
○ Distributions taken before 59 ½ will be taxed up to 30% and stock options are limited
● 457b
○ Retirement account usually offered to government employees
○ Pre tax contributions up to $18,000 yearly or $24,000 if over the age of 50
○ Added 10% penalty when you leave your employer
○ Distributions taken before 59 ½ will be taxed up to 30% and stock options are limited
