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Who It's Best For. The Fidelity platform is a good fit for investors at either end of the trading activity spectrum. The prices are reasonable for long-term investors who want to buy and hold a couple of mutual funds or stocks. They'll also like the ability to access, monitor, and track investments once they are made.
A 403 (b) plan is a retirement account for certain employees of public schools and tax-exempt organizations. Participants include teachers, school administrators, professors, government employees, nurses, doctors, and librarians.
What are the best investments for a 403 (b)? When investing for a long-term goal such as retirement, you typically want to emphasize stocks, which have the best chance to generate returns that outpace inflation. Adding some bonds or cash to your mix can help reduce your investments' overall volatility.
In most cases, you can't withdraw money from your 403 (b) until you are at least 59 1/2 years old . The IRS discusses the rules regarding permissible distributions in Chapter 8 of Publication 571 and explains that money you receive from a 403 (b) account is fully taxable as ordinary income.