What is a 403(b) retirement plan?

Answer A 403(b) is a retirement plan that is sponsored by your employer and allows you to make regular contributions toward your retirement savings.EligibilityTypically, you are eligible for a 403(b) if y... Read More »

Top Q&A For: What is a 403(b) retirement plan

What is a 403b employee retirement plan?

A 403b employee retirement plan is a tax-advantaged plan run by the employer for the benefit of the employees. A 403b plan is very similar to a 401k plan except 403b plans are for nonprofits and ed... Read More »

What is a 403b retirement account?

A 403b plan is a tax-advantaged retirement account that a nonprofit employer offers its employees. It is similar to a 401k plan that a for-profit company offers its employees.EligibilityYou can con... Read More »

Is my 403b retirement account insured?

No, 403b retirement accounts are not covered by FDIC insurance; 403b accounts can only be invested in annuities or mutual funds, and neither of these account types can be covered by FDIC insurance.... Read More »

Difference Between 403b & 401k Retirement Plans?

Both 401k and 403b plans are employer-sponsored, tax-deferred retirement plans. Both allow employees to make tax-deductible contributions to their retirement funds. The major difference is that onl... Read More »