Thousands of investors have told us they are confused by the investment jargon that is used by financial advisors. We also know some terms, that investors don't understand, are used by advisors as sales ploys. They establish themselves as experts when they define a term you may not understand.
There is an alternative. We have defined more than 1,500 commonly used financial terms. Look-up a definition by entering the term in the search engine or using the alphabetical search service.
Definition of '403(b) Plan'
A defined contribution plan for retirement that is established by a nonprofit organization or school. Employees can contribute a portion of their salary into this plan, and contributions are excluded from their income for tax purposes (with limitations).