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A 403(b) plan is a tax-advantaged retirement savings plan for certain employees of public schools, nonprofit organizations, and certain ministers. Choosing the best funds for a 403(b) plan depends on individual goals and risk tolerance. 403(b) accounts offer tax benefits and potential for growth. Transferring a 403(b) to another account can be done with proper procedures. Fees vary. 403(b) annuities can be part of a retirement plan but may have limitations. Understanding these aspects is crucial for retirement planning.

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