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Investing: Difference between revisions
→401(k)/403(b)
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A 401(k) or 403(b) is an employer-sponsored retirement plan.<br> | A 401(k) or 403(b) is an employer-sponsored retirement plan.<br> | ||
That means, it is managed by a company cooperating with your employer.<br> | That means, it is managed by a company cooperating with your employer.<br> | ||
If you work for a for-profit company, you will have a 401k. | If you work for a for-profit company, you will have a 401k. | ||
If you work for a public school or non-profit company, you get a 403b.<br> | |||
If you work for the federal government, you will have a thrift savings plan.<br> | If you work for the federal government, you will have a thrift savings plan.<br> | ||
For the most part, 401k and 403b rules are identical. | For the most part, 401k and 403b rules are identical. | ||