Question

Which of the following is generally true about 401(k) and 403(b) retirement plans?
A) They are plans offered through employers.
B)They offer some tax benefits.
C)They restrict when you can withdraw your money.
D)All of the above

Answer 1

They restrict when you can withdraw your money

Answer 2

The answer is "D) All of the above".

The primary difference of 401(k) plans and 403(b) plans is the sort of managers who can offer them. In contrast to 401(k) plans which are offered by revenue driven organizations, 403(b) plans are just accessible to workers of duty absolved associations. These are normally either schools, doctor's facilities or religious gatherings. The names just allude to the area of the expense code that traces these plans.