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| Proposed IRS Regulations Would Make Major Changes in the 403(b) World (PDF) Groom Law Group via National Council on Teacher Retirement  Dec. 15, 2004 Pages 2-20. Excerpt: The general thrust of the proposed 403(b) regulations is to follow 401(k)-like rules to the extent possible, and to borrow occasionally from the recently finalized 457(b) rules. While this is partly a result of convenience, it also furthers the goal of key tax policymakers to consolidate all tax-favored retirement plans under the largest umbrella - the one covering 401(k) plans - and to help smooth the path for Administration-backed proposed legislation that would[.] |
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