The 403(b) plan is a tax-advantaged retirement option for employees in public schools, nonprofits, and certain government roles, including federal jobs. This plan allows for pre-tax contributions, reducing current taxable income and enabling tax-deferred growth of savings until retirement. Investment options vary, allowing participants to choose strategies that suit their needs. Some 403(b) plans also feature employer matching, providing additional savings potential. With flexible contribution levels, this plan supports long-term financial growth and stability for participants.