Dowd Wealth Management has extensive experience with municipalities and non-profit organizations that has proven valuable to both retirement plan sponsors and plan participants time and time again. We can assist local government employees with 457 plan options and public school and tax-exempt organization employees with 403(b) plan options.

403(b) Retirement Plans or 457 Retirement Plans?

Are you getting the most out of your tax-sheltered annuity plan? We can assist in either scenario. A 457 deferred compensation plan operates similarly to a 401(k) plan, and funds local government workers through payroll deductions, allowing the money to pass to a retirement account without being taxed. Similarly, a 403(b) is a defined contribution plan which may be offered to tax-exempt groups including schools, hospitals and churches, and also allows for tax-advantaged contributions for applicable employees.

Dowd Service Offerings

We offer educational services that focus on individual retirement planning suited for the 403(b) and 457 market. With our proprietary one-on-one education program, we are able to assess and advise on participant income run-outs, deferral rates and more. We will also ensure you are getting the most of any fund-matching programs available from your plan sponsor.

We can also speak to you about your individual goals to determine your choices for the future. There are benefits, key features and costs associated with each of these programs. Our financial advisors will work closely with you to evaluate all the retirement options available to you. Contact us to learn more and get started today.