What is a 403B?

Discussion in '401k, IRA and Retirement' started by Francy, May 22, 2014.

  1. Francy

    Francy Active Member

    Joined:
    May 2014
    Posts:
    26
    Likes Received:
    0
    Anyone ever heard of a 403B? I assume it's similar if not like a 401K plan.
     
  2. SteakTartare

    SteakTartare Senior Investor

    Joined:
    Mar 2014
    Posts:
    857
    Likes Received:
    11
    My wife has a 403(b). It is similar to a 401K, but is for public education organizations and some non-profit employers. There used to be subtle differences between the two, beyond who can offer what, but in recent years they are pretty close to a 401K

    Are you planning on investing via such a plan?
     
  3. JR Ewing

    JR Ewing Super Moderator Staff Member

    Joined:
    Feb 2014
    Posts:
    4,950
    Likes Received:
    39
  4. Francy

    Francy Active Member

    Joined:
    May 2014
    Posts:
    26
    Likes Received:
    0
    Yes! The company I work for offers this type of plan. I spoke with human resources to get more information and start to contribute. Sounds promising.
     
  5. Rosyrain

    Rosyrain Senior Investor

    Joined:
    Apr 2014
    Posts:
    673
    Likes Received:
    2
    I have a 403B plan since I work for a non profit organization. I do not see much a difference between this and a traditional 401k plan. The only downfall of working non profit is that the employer match is much smaller. You are able to personally contribute a lot, and my investments grow just about as steady as anyone elses.
     
Tags:

Share This Page