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|EGTRRA and the 403(b)
PPA Changes Affecting 403(b) and 457(b)
The most important thing the Pension Protection Act did was to make EGTRRA permanent.
A Reason for Teachers to Dance
Thanks to EGTRRA, teachers can sock away $24,000 a year in defined-contribution plans in 2003.
Pension Reform Comparison
Side-by-side comparison of EGTRRA, the Bush Proposal and Portman-Cardin, and the impact of each on the 403(b) and 457.
EGTRRA Allows Post Retirement 403(b) Contributions
EGTRRA permits employers to make post-retirement contributions on an ex-employee's behalf
of up to $40,000 and for as long as five years.
Understanding the Economic Growth and Tax Relief Reconciliation Act of 2001
Easy-to-read PDF booklet detailing
the new 2001 tax law. [TIAA-CREF]
Contribution and catchup limits for the 401(k), 403(b), 457, SAR-SEP, SIMPLE Plan, and IRA for years 2002 through 2010.
Also includes information on income tax rates for this time period.
Changes to 403(b) Plans Help Teachers Save
Details on the new changes to 403(b) plans including how teachers can in some cases contribute to both a 403(b) and a 457 plan.
[Sandra Block, USA Today]
New Rules Make Retirement Assets More Portable
There are now more options for rollovers, making it easier for those who change jobs to consolidate their retirement assets.
The Repeal of the MEA
The year 2002 is going to be a great year for 403(b) investors. Why? Thanks to the Economic
Growth and Tax Relief Reconciliation Act of 2001 the horribly complicated Maximum
Exclusion Allowance (MEA) has been eliminated.
Bill Increases 403(b) Contribution Limits, Portability
New retirement rules in the recently enacted tax bill will make it easier for 403(b) savers to
stash even more money away for their golden years.
The MEA Calculators - The Repeal of a Complicated Formula Gives New Life to 403(b) Plans
Included in President Bush's new tax law is the provision for repealing the Maximum Exclusion
Allowance (MEA) calculation for 403(b)s at the end of 2001, allowing plan contribution rules to
mimic that of 401(k) plans.
The 403(b) Market
After Tax Reform
What does the passage of the Economic Growth and Tax Relief Reconciliation Act of 2001 mean to the
403(b)? Still River, which produces 403(b) compliance software, gives their analysis of the effects
on the 403(b) in this Adobe PDF document.
New Tax Law is a Field of Dreams for 403(b) Participants.
Will Benefits Directors Now Play Ball with Low-Fee Vendors?
The recent news out of Washington should have all of us leaping for joy. Yes, the new White House
T-ball field is supposed to be that nice. Seriously though, the
new tax bill, signed into law by
Mr. T-ball himself, is a field of dreams for 403(b) participants.
Gets a Little More Like Its Cousin
In the geography of investing, the 403(b) is a backwater.
[Jane Bryant Quinn, The Washington Post]