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
How Contributions To The Plan Are Made
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Your salary is reduced by the amount of annual contributions to which you agree. You will have to sign an agreement with your employer specifying the amount of money by which you want your salary to be reduced.
The deduction will continue until you change the agreement with your employer. You can only change the agreement once a year. If you've already changed the amount you want your salary reduced by in any given year, you will be stuck with that decision for the rest of the year.
Also, even though your salary may have been "reduced," you will still have to pay Social Security taxes on the amount of the reduction.
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