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The main difference between a 401k and a 403b retirement plan is the type of employer that offers them. A 401k is typically offered by for-profit companies, while a 403b is offered by non-profit organizations, such as schools and hospitals. Both plans allow employees to save for retirement through pre-tax contributions, but there may be some differences in investment options and eligibility requirements.
What else can I help you with?
What are the benefits of a 403b retirement plan?
There are not any special benefits of a 403B retirement plan when compared to the more familiar 401K retirement plan. The only difference is that if your work for the government or are in a civil service type job the retirement plan is called 403B.
The 401K and 403B plans are part of which type of benefit?
retirement
How does a 403b retirement plan differ from a 401(k) plan?
It is always good to have a retirement plan you need to first decide what you want,this site http://www.nationwide.com/403b-retirement-plans.jsp will tell you about a 403b plan which differs from a 401k plan which is usually offered by your company.
Can I use my 403b retirement savings to buy a house?
No, you cannot use your 403b retirement savings to buy a house without facing penalties and taxes.
Can I use my 403b to buy a house?
No, you cannot use your 403b retirement account to directly buy a house.
What are the benefits of a 403b retirement plan?
There are not any special benefits of a 403B retirement plan when compared to the more familiar 401K retirement plan. The only difference is that if your work for the government or are in a civil service type job the retirement plan is called 403B.
The 401K and 403B plans are part of which type of benefit?
retirement
How does a 403b retirement plan differ from a 401(k) plan?
It is always good to have a retirement plan you need to first decide what you want,this site http://www.nationwide.com/403b-retirement-plans.jsp will tell you about a 403b plan which differs from a 401k plan which is usually offered by your company.
How can you set up a 401K with Prodential online?
You should be able to download a 401k from Prudential. If you click on "Add Account", then select "Investing/Retirement" and then "401(k) or 403(b)" you should be able to start entering "Prudential" into the brokerage field. It should then show you "Prudential Retirement - 401k/403b/457" as a brokerage.
What does IRA Roth IRA 401K and 403B have in common?
you tell me
Can I use my 403b retirement savings to buy a house?
No, you cannot use your 403b retirement savings to buy a house without facing penalties and taxes.
Can I use my 403b to buy a house?
No, you cannot use your 403b retirement account to directly buy a house.
Can you contribute to both a 401k and 403b in the same year?
Yes, this is possible if you earn enough and the plans allow it. Your total contribution amount, 401k plus 403b can not exceed the $15,500 ($20,500 if over age 50) for 2008.
When an employee donates to a 401k fund and the company matched who controls that money and who gets the interest off of it?
what age do you have to be to get money from your 403b or 401k
What exactly does Transamerica Retirement Services offer to their customers?
Transamerica Retirement Services offers all kinds of financial instruments to their customers. They can set customers up with 401K and 403B retirement savings plans. They also provide life insurance policies, and a wide variety of mutual funds and other options for investment.
Can 401k funds be rolled into a 403b?
401k funds may generally be rolled over into a 403b account if the new employer of the 403b plan permit. Although the IRS allows for this action to be taken, not all employers do allow for it.If done properly, the event creates no tax liability or penalty upon the account-holder.
What is the maximum 403b contribution for 2009?
According to "My Money Blog" the maximum amount for a 403b increases to $16,500 for 2009. http://www.mymoneyblog.com/archives/2009/01/2009-401k-403b-maximum-salary-contribution-limits.html
