401(k) vs. 403(b) vs. IRA: Which Is Better for Retirement

If you’ve reached the savings stage of your financial life and are thinking of saving for retirement, you’re likely to come across 401(k), 403(b), and IRA account options. While all three can offer you similar benefits, there are some key differences to note among them.

In this episode, Dylan guides you through the similarities and differences between 401(k)s, 403(b)s, and IRAs to help you determine which makes the most sense for your retirement plan.

Show Highlights

• [06:15] The easiest way to think about savings accounts

• [07:03] Three of the biggest companies that handle 401(k)s, 403(b)s, and IRAs

• [09:09] 401(k) and how it works

• [11:10] 403(b) and how it works

• [12:37] IRA and how it works

• [16:36] Roth vs. traditional investments

• [21:51] Different types of funds and investments

• [24:05] Bottom line when it comes to saving for retirement

Links and Resources

🟢 The Millionaire Next Door  → https://www.amazon.com/dp/1589795474?tag=fiscallysavag-20&linkCode=osi&th=1&psc=1

🟢 Fiscally Savage → FiscallySavage.com

🟢 Fiscally Savage Tools → FiscallySavage.com/tools

🟢 Instagram → Instagram.com/fiscallysavage

🟢 Facebook → Facebook.com/fiscallysavage

🟢 Twitter → Twitter.com/FiscallySavage