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What’s the Difference Between a 401(k) and a 403(b)?
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What’s the Difference Between a 401(k) and a 403(b)?
Retirement savings plans can be inherently confusing. You know you should have a 401(k), but you may not be quite sure what it is, what it does, or even if you should put money into it.It gets even murkier when you consider the other options, like 403(b) plans. Start talking about Roth IRAs and traditional IRAs, and your head may be spinning. And why do certain employers offer one plan and not the other? Which do you have to take on yourself? Sh…
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