Kiplinger 403bWise Mention: No company 401(k)? No problem
403b.substack.com
Sandra Block writes about those "other" retirement plans! "These plans, typically offered to teachers, resemble 401(k) plans, with the same tax benefits, maximum contribution thresholds and catch-up contributions. But while private-sector plans usually contain a suite of mutual funds selected by a management committee, the primary offerings in many 403(b) plans are high-cost investments, such as equity-indexed annuities. That's because many school districts have little desire to negotiate with financial-services firms.
Kiplinger 403bWise Mention: No company 401(k)? No problem
Kiplinger 403bWise Mention: No company…
Kiplinger 403bWise Mention: No company 401(k)? No problem
Sandra Block writes about those "other" retirement plans! "These plans, typically offered to teachers, resemble 401(k) plans, with the same tax benefits, maximum contribution thresholds and catch-up contributions. But while private-sector plans usually contain a suite of mutual funds selected by a management committee, the primary offerings in many 403(b) plans are high-cost investments, such as equity-indexed annuities. That's because many school districts have little desire to negotiate with financial-services firms.