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RELIEF FUND: Support PCA Pastors and Widows in need. Give Now.

RELIEF FUND: Support PCA Pastors and Widows in need. Give Now.

There are two ways to save, each with its own tax advantages.
·      With traditional 403(b) contributions, you save with pre-tax dollars, which reduces your taxable income and your current tax obligation. You pay no income tax on your savings or investment returns until you retire and begin taking a distribution from the plan.
·      With Roth 403(b) contributions, you save after tax dollars. When you take a distribution from the plan, that distribution will be tax-free, provided your account had been open for at least five years and you are at least age 59 ½.