While I am pretty sure that most of you have a handful of information about the 401k retirement plan but not many of you will be aware of the 403b retirement plan.
Also, remember that if there is an employer match option available then it is a SMART choice, even to opt for an expensive plan.
But
all in all both 401k and 403b retirement plans are great tools for pre-tax
saving and investment.
References
- https://www.irs.gov/retirement-plans/retirement-plans-faqs-regarding-403b-tax-sheltered-annuity-plans
- https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1937795