Being a physician and facing the prospect of retirement can be a daunting task. There are a multitude of options for individuals looking to secure their future following the end of their professional careers. A 403b plan for medical professionals allows doctors to take control of their retirement with defined contributions into a secure program that provides flexibility and security. With our physician-oriented approach to retirement, you’ll be assured that your assets will be handled professionally and provide a proven option for your financial future.
The Idaho Medical Association is proud to provide doctors and physicians with the resources needed to successfully save for retirement. With a 403b plan for medical professionals, healthcare providers can utilize a program that will enable them to secure a path toward financial freedom following the completion of their professional careers.
403(B) Retirement Plan for Physicians
A 403b plan for medical professionals, such as physicians, is a type of defined contribution plan. Those who are eligible can defer money from their paychecks into a 403(b) account, similar to how a 401(k) plan would work. 403(b) plans may also provide the option of a Roth, which allows you to contribute with post-tax money and benefit from tax-free growth.
The 403b retirement plan is often used as a solution for those involved in the medical field and religious and education-based non-profits. It is frequently utilized in hospitals, schools, and churches. A 403b plan for medical professionals is an excellent way for doctors to participate in a proven retirement option intended to maximize the return on any contributions to the plan.