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What is a 403B and how does it work?
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March 30th, 2013
This is a stupid question, considering I’ve been putting $125 a month into a 403B account for a year and I don’t even know what it does! They just told me it was some sort of “retirement” account, so I’m in.
Our tax accountant said it was similar to a 401K. But I know my business doesn’t match an part of what I put in. So I asked in what aspect was it similar to a 401K, and he didn’t know.
It’s through American Fidelity.
I also have KPERS.
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