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Financial Terms & Definitions
If talking about finances feels like trying to learn a foreign language, we're here to help. As your trusted financial planners and investment managers, we want you to understand the terms, acronyms, and jargon that may arise during your financial journey.
From Amortization to Zero-Coupon, we've got you covered.
Here's our glossary of financial terms in alphabetical order to get you started.

What is a 403(b) plan?

A type of defined contribution plan that is designed for certain employees of public schools and other tax-exempt organizations. Examples of 403(b) plan participants may include teachers, school administrators, professors, government employees, nurses, doctors, and librarians. This type of plan allows participants to save money for retirement through payroll contributions, as well as for the employer to match part of the employee's contribution. It is very similar to a 401(k) plan.

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