Content Overview 
- Summary
- Withdrawals For Hardship
- The Definition Of A 403(B) Plan Also Known As A "TSA"
- What Are The Benefits Of A 403B Plan?
- Limitation On The Amount Of Contributions To A TSA
- If You Have Been With The Organization For More Than 15 Years
- How Contributions To The Plan Are Made
- Permitted Investments For Money In A TSA
- Borrowing From A TSA
- If You Become Disabled
- If You Leave Your Employer Before Age 59 1/2
- If You Retire Or Leave Your Employer And You Are Older Than Age 59 1/2
- Forced Withdrawal Of Money From A TSA At Age 70 l/2
- What Happens To The Money In A TSA If I Die?
403(B)/ TSA Plans
The Definition Of A 403(B) Plan Also Known As A "TSA"
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A 403b plan is an employer sponsored retirement savings plan that is only available to employees who work for governmental, educational, and nonprofit organizations.
An educational or nonprofit organization is one that operates exclusively for religious, charitable, scientific, public-safety testing, literary or educational purposes. It can also be an organization that prevents cruelty to children or animals or that fosters national or international sports competition.
403(b) plans are named after section 403(b) of the Internal Revenue Code. They are sometimes called "Tax-Sheltered Annuities" or "TSAs" because the investment options are very limited. A commonly chosen option is an annuity contract provided by a life insurance company.
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