Share post
Share
Debt Consolidation Forums Budgeting and Personal Finance forums

Should I go for 401(k) plan or 403 (b) retirement plan?

Date: Wed, 05/31/2017 20:35
member profile picture
Posts: 1
Credits: 0
[Donate]

Should I go for 401(k) plan or 403 (b) retirement plan? Which one is better?




You cannot opt for 403(b) plan unless you're a public school employee or belong to a tax-exempt organization. Opt for a 401(k) plan if your employer is offering one.

Sub: #1 posted on Thu, 06/01/2017 - 05:39

Good Nelly Good Nelly
Industry Expert
(Posts: 2720 | Credits: )

I agree with Good Nelly. A 401(k) plan is offered by for-profit organizations, whereas a 403(b) plans are only provided by tax-exempt organizations like schools, hospitals, religious groups or governmental organizations.

Both 401(k) and 403(b) plans have limits on how much you can contribute to them, and the difference in cost between a 401k and a 403b will be substantial.

Sub: #2 posted on Thu, 06/01/2017 - 06:29

Barbara Delinsky Barbara Delinsky

(Posts: 402 | Credits: )

Check with a certified financial planner. Don't be a sucker for money. Throw in some dollars for expert advice.

Sub: #3 posted on Sun, 06/04/2017 - 20:21

paulcahill80 paulcahill80

(Posts: 2359 | Credits: )

Attachment
More information
  • Files must be less than 500 MB.
  • Allowed file types: txt pdf jpg jpeg png.


DebtConsolidationCare (IAPDA member)
Inter Next Technologies, Inc., Internet Marketing Services, Reno, NV
Connect With Us
About Us | Contact Us | Privacy Policy
Copyright © 2018 DebtConsolidationCare | 301 W. 11th Street Unit E, Reno, NV, 89503, United States
* Disclosures:
  1. By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
  2. Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
  3. Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
  4. Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
  5. The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.
Page loaded in 0.580 seconds.