Virginia Beach Public Schools 403(b) Retirement Savings Plan

Karl Klinger, CFP^®, CLU is registered with the Virginia Beach Public Schools as an agent authorized to work with employees to establish their retirement savings accounts in the school system's 403(b) retirement plan.  I am registered with the school system to represent American Funds (Capital Bank and Trust Company).

By contributing to a 403(b) plan, you save on income taxes now and build a retirement savings account for your future.  You choose the amount of contribution you wish to make which is deducted from your pay and automatically invested in your retirement savings account as you designate.  You may increase, decrease, stop, or start your contributions prior to any pay period.  For 2008, you may contribute up to $15,500.  If you will reach age 50 by Dec. 31, 2008, you may contribute an additional $5,000.  All contributions are 100% vested immediately, so they always belong to you regardless of how long you continue to work for the school system.

Contact me today to learn more about how participating in the 403(b) plan can benefit you.  Call (757) 463-1384 or