Nurses often work for hospitals and healthcare systems that are non-profit organizations, making them eligible for a 403(b) plan. The primary benefits include:
- Tax Advantages: Contributions are made pre-tax, reducing your taxable income. - Compounding Growth: Investments grow tax-deferred, allowing for potentially significant growth over time. - Employer Matching: Some healthcare employers offer matching contributions, which can significantly boost retirement savings. - Financial Security: Provides a mechanism for long-term financial security, crucial in a demanding profession like nursing.
