What is the 403(b) Retirement Plan? – Overview  Even though the
401(k) is the most common retirement account in the United
States, not everyone has access to such a plan.  Those who work
for governments, schools and non-profit corporations don’t have
access to an employer-sponsored 401(k).  If you don’t have
access to a 401(k), you can, of course, open an IRA.  However,
the contribution limits are fairly low, which can be
discouraging if you want to contribute a higher amount toward a
successful retirement.  The good news is that many hospitals,
schools, non-profits (including churches), and governments have
their own retirement account offering: The 403(b).  What is the
403(b)?  Basically, the 403(b) is similar to the 401(k).  These
plans are employer-sponsored and many of them come with employer
matches for your money.  Prior to 1974, 403(b) plans all
invested in annuities.  However, many now offer the ability to
invest in funds that invest in stocks and bonds.  You can still
find 403(b) plans that are heav