Deffered Compensation

A 403(b) plan (tax-sheltered annuity plan or TSA) is a retirement plan offered by public schools and certain charities. It's similar to a 401(k) plan maintained by a for-profit entity. Just as with a 401(k) plan, a 403(b) plan lets employees defer some of their salary into individual accounts. The deferred salary is generally not subject to federal or state income tax until it's distributed. However, a 403(b) plan may also offer designated Roth accounts. Salary contributed to a Roth account is taxed currently but is tax-free (including earnings) when distributed. A 457 plan is very similar to a 403B plan. The 457 plans allow you to withdraw money before the age of 59 1/2 without a 10% penalty if you plan to retire early.

The purpose of this website is to inform members about different investment options from our four vendors. The MTEA and MTSD are not giving investment advice. You should speak with a financial advisor for any financial advice before making any financial decisions.

Below are the Following Approved Vendors in Montgomery
(Vendors are listed in Alphabetical order)