A 403(b) account is a cost-effective way to save for retirement by contributing a percentage of your salary to an account you control. Your before-tax contributions go into your account before any federal (and in most cases state) taxes are deducted.
A 403(b) account lets your money benefit from the power of tax-deferred growth potential. You pay no taxes on your before-tax contributions or earnings until you make a withdrawal, so more of your money works for you.
Your contribution is automatically withdrawn from each paycheck, so you have an easy, disciplined way to save.