403(b)

Catch-Up Contributions
Supplemental tax-deferred contributions to IRAs and other qualified plans allowed for individuals 50 years or older.
Defined-Contribution Pension Plan
A type of pension plan where the contributions are fixed, but the benefits vary based on investment returns. Employees and sometimes employers contribute to a tax-deferred account with flexible investment options.
Tax-Deferred Annuity (TDA)
A retirement vehicle permitted under Section 403(b) of the U.S. Internal Revenue Code for employees of a public school system or a qualified charitable organization.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.