The 403(b) Basics
The 403(b) is a tax deferred retirement plan available to employees of educational institutions and certain non-profit organizations as determined by section 501(c)(3) of the Internal Revenue Code. Contributions and investment earnings in a 403(b) grow tax deferred until withdrawal (assumed to be retirement), at which time they are taxed as ordinary income.
K-12 Stories
Sold a High Fee 403(b) Twice and Then Got Wise

Long Island, NY teacher fell victim twice to high-fee 403(b) pitches.