What’s the difference between a 401k and 403b? Is a 401k better than a 403b? We’ll take a look at the similarities and differences between the 403b and 401k retirement plans in this video to give you a better understanding of how the two most common workplace retirement plans match up!
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A bit about my credentials…I have a B.S. degree in Finance, I’ve spent my entire career working in various corporate finance roles, and have been an active stock market investor for over 20 years. While all of this means I know what I’m talking about (most of the time!), it does not mean you should act solely on my word alone.
I am not intending to, nor licensed to give personalized financial advice. I’m merely trying to share my knowledge and experience so that you are able to make better financial and investment decisions for yourself based on your own research!
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DISCLAIMER: Jay Fairbrother, including but not limited to any guests appearing in his videos, are not financial/investment advisors, brokers, or dealers. They are solely sharing their personal experience and opinions; therefore, all strategies, tips, suggestions, and recommendations shared are solely for entertainment purposes. There are financial risks associated with investing, and Jay Fairbrother’s results are not typical; therefore, do not act or refrain from acting based on any information conveyed in this video, webpage, and/or external hyperlinks. For investment advice please seek the counsel of a financial/investment advisor(s); and conduct your own due diligence.
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LEARN MORE ABOUT: Retirement Planning
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What do you think of the new intro music. Pretty good, right?!
like 401k we can max out, are we allowed to do with 403(b)?
The university I work for uses tiaa investments, your opinion on this option?
Not good explanation
Is there a benefit for deferring the tax later as opposed to taxed beforehand?
RMD age is 72, not 70½.
Interesting! For me there is no difference …. both sounds great and unavailable… We can put about 2% untaxed to pension 🙁
I didn't know about the $3000 catch-up on 403bs! Good ending too, it's great to understand the differences, but it's not going to change your options.
5 minute friday is back!!!! the intro music was funny too, should release an album 😉
Nice breakdown mate!! Seems like a no brainer!
Like the saying goes, don’t give up your day job….lol
Easy to understand, thanks Jay.
But which is better to yolo on Doge with 20x leverage?