The SEC Office of Investor Education and Advocacy ("OIEA") provided basic information on retirement investing through IRS 403(b) and 457(b) plans. IRS 403(b) and 457(b) plans are "tax-deferred retirement savings programs" that are offered by certain employers. The Investor Bulletin provides information regarding fees, contribution limits and important factors to consider when choosing a plan provider. The OIEA directed interested parties to find more information by using the FINRA fund analyzer, the IRS 403(b) and 457(b) webpages and the U.S. Department of Labor 403(b) webpage (for information regarding ERISA requirements).
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
