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403(b) Plan. 401(k) Plan. Eligibility. Work for a nonprofit or government entity. Work for any private employer. Contribution Limits. $22,500 per year in 2023, plus an additional $3,000 per year ...
It’s like a 401(k), except for a different type of employee.
In addition to 401(k) plans, there are also 403(b) plans for employees of public schools and certain tax-exempt organizations, and 457(b) plans for state and local government employees.
Investment options: Some 403(b) plans offer potentially high-return investments, including stock funds. Roth 403(b) plan. A Roth 403(b) plan provides these additional benefits:
Investment options can differ markedly: Many 403(b)s may have a narrower selection of investments, focusing on annuities, while 401(k)s may offer more mutual funds and allow the purchase of ...
Fidelity also offers automated investing through its Fidelity Go robo-advisor. One drawback to its robo-advisor is that it charges a 0.35% annual advisory fee for balances of $25,000 and more.
The investments you hold in your portfolio will grow at different rates and cause your portfolio allocations to shift from the desired levels. ... Employees can contribute up to $23,000 to a 403(b ...
A Roth 403(b) plan is one type of tax-advantaged, employer-sponsored retirement savings account that combines elements of a Roth IRA and a traditional 403(b). While these plans share some ...
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