Waddell & Reed offers you, as an employee of a nonprofit organization, public school, college or university, a unique opportunity to save in an IRS Sec. 403(b)(7) Tax-Sheltered Account (TSA) for your financial future and your retirement.
Waddell & Reed offers you many different investments for your 403(b), including domestic and international equity funds, growth and income funds, fixed income funds, and money market funds. You design your own 403(b) investment strategy, and you have the opportunity to switch your investments should your personal goals call for a change in your investment portfolio.
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Your financial advisor will provide investment education so you can decide which options are best for your personal goals.
Regular paycheck deferrals will result in your purchases being dollar-cost averaged.
You may change your investment strategy at any time.
If your plan allows hardship withdrawals, your advisor may assist you with the paperwork.
Fact Finding Report & Recommendations January 9th, 2020
We will calculate and distribute your RMD upon request.
All 403(b) products contain fees.
The amount of fees varies greatly depending on the product. A slight increase in fees can substantially reduce the growth in your account which will reduce your income in retirement.
To learn more about the impact of fees, and the different types of fees please refer to the Explanation of Fees piece located in the Help & Resources.