Build a 403(b) Alongside Your Pension
Your pension and 403(b) serve different roles. Together, they can provide greater financial independence than relying on a single source of retirement income.
Clear information. Practical tools. To simplify the 403(b) for you.
We are here to help you understand how a 403(b) works, explore common decisions, and prepare for a better retirement.
Your Pension Is Part of the Picture
Your 403(b) Can Help Provide Income and Flexibility.
The pension provides an important foundation for your retirement; however, it may not cover every expense or keep pace with every change in your life.
The 403(b) provides another source of retirement savings throughout your career. Later, those savings may help provide additional income, cover larger expenses, and create greater financial flexibility alongside your pension and other resources.
Prepare for Changing Expenses
Healthcare, home repairs, vehicles, travel, and everyday living costs may change throughout retirement.
Create More Flexibility
A 403(b) can help you build additional retirement savings for future needs and opportunities that may not be covered by your fixed monthly pension.
From First Contribution to Retirement
Every Step Shapes Your Retirement Ahead.
Your 403(b) can serve a different purpose at different points in your career and life. What may begin as a small payroll contribution can grow into a meaningful source of retirement income and financial flexibility later in life.
One of the most important steps is simply getting started.
Explore Your 403(b) Retirement Journey
Similar Careers. Different Retirement Paths.
The Difference Is Not Always the Pension.
Kate and Maria worked in similar careers, earned similar salaries, and retired with similar pension benefits. The difference is that Maria made the choice to build retirement savings in a 403(b) during her career.
See how that choice and the additional source of retirement savings change the income and financial flexibility available to her.
Kate and Maria are hypothetical composite examples created for educational purposes and informed by common real-world situations advisors encounter. The individuals shown are models and do not depict actual clients.
More Than an Account Balance
Your 403(b) Can Have More Than One Job.
Early in your career, open and contribute to a 403(b), even if your contribution is small. What matters is taking the first step and getting started.
As your career progresses, continue paying yourself first by increasing your 403(b) contributions as your salary rises. Increasing what you contribute can help build your retirement savings and strengthen the resources available to you later.
When retirement arrives, your 403(b) may provide an additional source of income, help cover changing expenses, and create greater financial flexibility alongside your fixed monthly pension.
Your 403(b) can play different roles over time. The decisions you make along the way help shape the choices available to you later.
Beginning
Start saving
Establish the account and begin contributing through payroll.
Building
Increase and strengthen
Review your contribution as your career, income, and financial situation change.
Retirement
Income and flexibility
Use the account alongside your pension and other resources.
Take the First Step
Begin Your Journey With a Conversation.
Whether you are making your first contribution, reviewing an existing account, preparing for retirement, or deciding how your 403(b) may support you after work, we are here to help you identify the questions worth considering.