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Whats the difference between a 401k, a 403b, and an IRA?

April 26, 2017difference IRA

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Whats the difference between a 401k, a 403b, and an IRA?

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A 401k is a retirement plan used by companies; a 403b is one used by not-for-profit organizations; and an IRA is one used by individuals. All of them offer pre-tax savings and tax-deferred growth until you retire, at which time your tax rate will likely be lower. Does this answer your questions? If not, please give me a call. Now, it’s time to Get Started. See the next page to learn how.