Public Schools and Universities

MDCPS_Central_07_700x395National Retirement Group is committed to the employees of public schools and universities.

Today, our agents and advisors work with hundreds of employees in schools and universities throughout this nation, including Florida, Texas, Louisiana, Maryland and California.

We help our clients by providing a retirement and savings plan that meets their needs and objectives.

The company we represent serves more than 7,000 school districts and universities nationwide by offering outstanding 403(b) and 457(b) accounts, Tax-Sheltered Accounts (TSA).

These plans are outstanding benefits for employees of public schools and tax-exempt organizations.


Why should you consider a 403(b) or 457(b) plan?

You should consider this benefit to create an additional retirement income source along with your state pension and Social Security (Texas and California public employees are not eligible for Social Security unless they work in the private sector).  Too often, most people will be entirely reliant on things like Social Security or their state retirement plan.  These are income sources in which you are a “participant” where you have no control over how much you must contribute, how the money is invested, and how you will receive your distribution.  With a 403(b) plan, you are the “owner.”  Here, you make the call on how much you would like to contribute and how you would like to access the account down the line.

What are the benefits?

There are 3 major reasons why most people will save in a 403(b) or 457(b) plan:

  1. This benefit will function as a Retirement Supplement.  Instead of being entirely dependent on your State Retirement and/or Social Security, you can create an additional bucket of income for your later years.
  2. Your contributions are payroll-deducted and enable you to set up a tax-deferred savings account.  If you’re like most people, whatever you take home as income generally goes right out the door to pay for bills, expenses, and lifestyle.  A 403(b) creates a  savings plan where you “pay yourself first.”  The two biggest regrets that we hear from our retirees are, “I wish I had started saving earlier,” and “I wish I had saved more.”
  3. Your contributions are made on a pre-tax basis and distributions are tax-deferred.