Benefits of Investing in the 403(b)
By investing in your Duke 403(b) tax-qualified plan, you can save for your
retirement from the following features:
Pre-tax contributions
You contribute a specified amount or percentage of your pay, by payroll reduction, before income tax withholding is calculated. This reduces your current taxable income and lets you save money that otherwise would have gone toward income taxes.
Tax-deferred accumulation
Current taxes on contributions to your account, and on interest and earnings from the account, are deferred until withdrawal or when you begin receiving regular payments. Tax-deferred earnings, coupled with the power of compounding, can provide greater growth than might be possible with taxable savings methods. Please Note: Investment values will fluctuate so that an investor's units, when withdrawn, may be worth more or less than the original cost.
How to Enroll in Your Duke 403(b) Retirement Plan
Your Duke retirement plan is a 403(b) plan, which enables you to contribute to your retirement on a tax-deferred basis. In order to
enroll in the plan, you must know how much you would like to contribute and where you would like your contributions invested.
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