Difference Between 403(b) and 457(b) (With Table)

403(B) and 457(b) are employer-sponsored and tax-favoured retirement plans available to public sector/government and nonprofit employees who are not offered the 401(k) plans. These plans generally work by deferring a part of the employees’ salary to a retirement fund while adhering to the rules and regulations put forward by the IRS and other competent authorities. …

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