Option #1: Traditional 403(b) Contribute pre-tax dollars today to reduce taxable income. Funds grow with potentially greater accumulation as tax withholding is deferred until distribution. Take distributions if the following conditions are met: Age 59; Severance from employment; Your death or disability; Financial hardship Note: a 10% federal early withdrawal tax penalty may apply to withdrawals prior to age 59. IRS Contribution Limits 100% of annual includible income up to $23,000 $7,500 age-based catch-up for those aged 50+ $3,000 extra if 15+ years of service with a qualifying employer and have under-contributed in prior years Option #2: Roth 403(b) Contribute after-tax dollars today. Take tax-free distributions if the following conditions are met: Distribution must be made after the end of the five-year period beginning with the first year for which a Roth contribution was made to the plan, and you turn age 59, or your total disability or death. Reduce taxable income during retirement, and possibly help reduce taxation of Social Security benefits under current law. Contact Information You can reach out directly to your financial professional. Travis Shuman, Agency Owner (260) 748-2575 t ravis.shuman@horacemann.com Retirement 403(b)