403(b) plans typically offer a range of investment options, including:
- Mutual Funds: These funds pool money from many investors to purchase a diversified portfolio of stocks, bonds, or other securities. - Annuities: Insurance products that provide a steady income stream, often used as a retirement income source. - Target-Date Funds: These funds automatically adjust the asset allocation mix based on the target retirement date.
Nurses should evaluate these options based on their risk tolerance, investment horizon, and retirement goals.
