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 any 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Your contribution is automatically withdrawn from each paycheck, so you have an easy, disciplined way to save.
All investments involve risk, including possible loss of principal.