Created with educators in mind, 403(b) contributions can be deducted from your paycheck, giving you a steady path to retirement savings.
Contribution limits for 403(b) accounts are on par with 401(k) contribution limits and much higher than IRA contribution limits, making 403(b) plans a good choice for supplementing a pension plan.
Depending on your plan, you may choose to pay taxes when you contribute to your savings or when you withdraw after retirement.
If you change jobs, your 403(b) can be carried into a new district or rolled into an IRA or 401(k) (if offered by your new employer).
Choose whether you want to work with a financial professional or enroll in a self-guided retirement plan. Your information will be shared with our partner Security Benefit to make enrollment easier for you.
Confirm your information and your earlier choices. Then, choose whether you would like to enroll in a 403(b) plan or an IRA. If you choose to work with a financial professional, Security Benefit will connect you with a NEA Retirement Specialist in your area.
After all your online forms are complete, you’ll need to establish contributions into your new account. You can also rollover or consolidate accounts. If you choose to work with a financial professional, you’ll set up an account with that NEA Retirement Specialist.
† LIMRA Q3 2022 Not-for-Profit Market 403(b) Segment Contributions in K-12.
This information is provided by Security Distributors in connection with the NEA Retirement Program for retirement plans sponsored by school districts and other employers of NEA members and individual retirement accounts established by NEA members. Security Distributors and certain of its affiliates (collectively, “Security Benefit”) make products available under the NEA Retirement Program, directly or through authorized broker/dealers, pursuant to an agreement with NEA Member Benefits (“MB”). NEA and MB are not affiliated with Security Benefit. Neither NEA nor MB is a registered broker/dealer. All securities brokerage services are performed exclusively by your sales representative’s broker/dealer and not by NEA or MB.
NEA Retirement Specialists, when making recommendations to an NEA member, offer only Security Benefit products.