Understanding Your 401K and 403b Plans

Every working American should put away some money for retirement. A couple of the more common vehicles for retirement savings are the 401k and 403b plans. Both of these plans are tax-deferred and serve to reduce current income tax obligations. They can also grow over time to make up a good nest egg provided that people continue to contribute. The main difference between the 401k and the 403b is related to the types of business that set them up. For-profit companies w...
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