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Kiplinger
Kiplinger
Business
Seychelle Thomas

What Is a 403(b) Retirement Plan?

Woman holding two piggy banks, with question marks over her head.

If you're an employee of a public school or a non-profit organization, should a 403(b) be part of your retirement strategy? Absolutely.

You may have come across a 403(b) as part of your benefits package, and if you think it looks like a 401(k), you’re half right. A 403(b) can help you save for retirement just like a 401(k), but the two have noticeable differences. We’ll help you uncover what a 403(b) is and the specifics around how it works. It's a great first step to working through your retirement plans and goals.

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