EP 9 - 2 Types Of 403b Plans

Understanding 403b Retirement Plans: Differences, Pros, Cons, and RecommendationsLet's talk about the two types of 403b retirement plans available: the 403b or TSA plans and the 403b7 plans. We'll explain the differences including their functioning, fees, and investment selections. We will also give a brief on surrender charges associated with annuity-based plans and commissions. The pitfalls of picking certain 403b plans are discussed, particularly those run by life insurance companies. We will provide tips on how to identify and choose better 403b7 plans. At the end, we'll talk about a new DIY investing solution to manage their own 403b account.00:25 Understanding 403b Plans02:11 The Two Types of 403b Plans02:35 The Pros and Cons of TSA 403b Plans05:32 The Benefits of 403b7 Plans08:41 Choosing the Right 403b Plan Provider12:20 Identifying Your Current 403b Plan13:15 DIY Investing Solution for Your 403b Plan⁠⁠Free Washington Retirement Planning Community⁠⁠⁠Plan 3 Investment Advice⁠⁠Schedule Meeting⁠More free resources at ⁠WATRSPERS.com⁠2024 Content Survey - Please Share your thoughts