A 403(b) is a retirement plan for employees of public schools, universities, hospitals, churches, and certain nonprofits. Functionally similar to a 401(k) with slightly different rules and, often, worse investment options.
A 403(b) is a retirement plan for employees of public schools, universities, hospitals, churches, and certain nonprofits. Functionally similar to a 401(k) with slightly different rules and, often, worse investment options.
403(b) plans historically featured high-fee annuity products instead of low-cost mutual funds. If you work for a school district or nonprofit, your plan menu may be hiding 2%+ fees — costing you six figures over a career.
Most 403(b) plans offer a choice of vendors — and often one of those vendors is a low-cost provider (Fidelity, Vanguard, TIAA-CREF traditional). The worst defaults are sold door-to-door; the best have to be requested.
Start with the free Retirement Readiness Score to see where you stand, then talk to a fiduciary if you want a second set of eyes. No pitch, no pressure.
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