They can accumulate tax-free and all withdrawals and distributions are tax-free as well. (penalties may be impos for withdrawals prior to age 59½ unless they qualify for a hardship withdrawal.) note: individual 403(b) plans may have additional rules regarding length-of-service or features such as life insurance. program for all relevant details. This article was written by richard lehman profile picture richard lehman 725 followers adjunct finance professor at cal poly. Ucla. And uc berkeley (19 yrs). Author of three investment books. Wall street veteran. And founder of inform assets. Pbc. Helping people understand the financial implications of climate change and alternative investments. Show more analyst’s disclosure: I/we have no stock. Option or similar derivative position in any of the companies mention.
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