i know of 401k but my job now has the 403 how is it different?
2006-09-18 07:50:31 · 2 answers · asked by concettarose 1 in Business & Finance ➔ Investing
403(b) is the same as 401(k), it's just that non-profit organizations (like eg universities) have it.
2006-09-18 08:00:09 · answer #1 · answered by Kaytee 5 · 1⤊ 0⤋
First of all, it's 403(b), not 403(k). A 403(b) plan is similar to a 401(k) plan, only it is put together by a non-profit (401(k) plans are organized by for-profit businesses).
2006-09-18 10:07:32 · answer #2 · answered by NC 7 · 0⤊ 0⤋
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RE:
what is a 403k?
i know of 401k but my job now has the 403 how is it different?
2015-08-12 02:37:19 · answer #3 · answered by Goddard 1 · 0⤊ 0⤋
Basically, a 403b is for non-profit organizations. Always go for the 403b7, which saves you more money in the long run.
2006-09-18 08:26:23 · answer #4 · answered by Anonymous · 0⤊ 1⤋