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A 403 (b) plan is a retirement savings plan for public education, non-profit, and some other employers in the U.S. It has similar tax treatment to a 401 (k) plan, but different rules and regulations. Learn about its features, compliance, and history.
Different investment options: A 403(b) plan tends to have a more limited range of investment options, often restricted to annuities and mutual funds, while 401(k) plans usually offer a broader ...
Finally, what most distinguishes the 403(b) plan from the 401(k) plan is who has access to each plan. The 403(b) is for school districts, churches, charities and some public-sector employees.
A 403 (b) is a retirement plan for tax-exempt employers, such as teachers, nurses and clergy. Learn how it works, its advantages and disadvantages, and how to choose investments and contributions.
403(b) plan limits. 2023. 2024. Change. Maximum salary deferral for workers. $22,500. $23,000 +$500. Catch-up contributions for workers 50 and older. $7,500. $7,500
Learn about the origins, growth, and services of The Vanguard Group, the largest provider of mutual funds and the second-largest provider of ETFs in the world. Founded by John C. Bogle in 1975, Vanguard is known for its low-cost index funds and its unique ownership structure.
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