While many retired clergy choose to enjoy their well-deserved season of rest, some seek ways to continue nurturing their spiritual calling.
Roth 403(b) retirement accounts offer a unique twist on traditional retirement savings. They are designed primarily for employees in the nonprofit sector, including educators, healthcare workers, and ministers. Like Roth IRAs, these accounts come with distinct advantages and caveats worth considering when planning your retirement strategy.
Factors to Keep in Mind
MMBB’s Roth 403b Option
MMBB began accepting Roth premiums in November 2022. Whether a Roth 403(b) is right for you depends on your current financial situation, future tax expectations, and retirement goals. The rules governing Roth 403(b)s can be complex, with nuances related to eligibility, conversions, and distributions2. As a result, it’s important to consult an MMBB financial planning specialist to make an informed decision about whether MMBB’s Roth 403(b) option aligns with your unique circumstances. Remember, financial planning is provided at no cost to members as part of MMBB membership.
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Translations of any materials into languages other than English are intended solely as a convenience to the non-English-reading public. We have attempted to provide an accurate translation of the original material in English, but due to the nuances in translating to a foreign language, slight differences may exist.
Las traducciones de cualquier material a idiomas que no sean el inglés son para la conveniencia de aquellos que no leen inglés. Hemos intentado proporcionar una traducción precisa del material original en inglés, pero debido a las diferencias de la traducción a un idioma extranjero, pueden existir ligeras diferencias.
MMBB Financial Services is pleased to unveil our new website experience.
Watch a guided tutorial of our enhanced site to introduce you to important new features designed to help you live your life with financial confidence.
You will be linking to another website not owned or operated by MMBB. MMBB is not responsible for the availability or content of this website and does not represent either the linked website or you, should you enter into a transaction. The inclusion of any hyperlink does not imply any endorsement, investigation, verification or monitoring by MMBB of any information in any hyperlinked site. We encourage you to review their privacy and security policies which may differ from MMBB.
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