Tax Sheltered Annuities 403(b) & 457(b) Retirement Plans

Carroll County Schools offer 403(b) plans as well as 457(b) plans to all full time employees through tax sheltered payroll deduction. The following is a list of approved vendors for our system. You may also visit www.myretirementmanager.com to view your account, request loans/hardship withdrawals or transfer funds from one approved vendor to another.

457 Retirement Savings Plans

A 457 plan is a tax-advantaged, deferred compensation retirement plan offered by state and local government employers. Similar to a 401(k), employees can contribute pre-tax amounts to the plan, reducing their current taxable income, while investment earnings grow tax-deferred. A key benefit is the absence of a 10% early withdrawal penalty if funds are taken out after leaving employment with the plan sponsor.

403(b) Retirement Savings Plan

A 403(b) plan is a retirement savings plan for employees of public schools. It allows employees to contribute pre-tax dollars from their salary toward retirement with investments in mutual funds or annuities while reducing their current taxable income. The primary benefits are tax-deferred growth and potential tax-free withdrawals, similar to a 401(k) plan, but for a different sector of the workforce.

Your Options

AIG/VALIC

Offers 403(b) and 457(b)

Attn: Cliff England

7300 Windy Ridge Pkwy, Suite 1100 N

Atlanta, GA 30339

(678) 231-7677

Primerica/VanKampen

Offers 403(b)

Attn: Larry Lyle

522 Newnan St

Carrollton, GA 30117

(770) 832-1615

Garrett-Robinson Financial

Offers 403(b)

Attn: Joe Garrett or Clay Robinson

112 Cedar St

Carrollton, GA 30117

(770) 834-7211

ValuTeachers

Offers 403(b) and 457(b)

Attn: Pam Haynes

19 Jefferson St

Newnan, GA 30263

(770) 835-2531

My Financial Services/ING

Offers 403(b) and 457(b)

Attn: Alan Martinez

133 West Wilson St

Villa Rica, GA 30180

(770) 456-2725