What is a 403B and how does it work?

What is a 403B and how does it work?
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answer:Not a stupid question. The bottom line up front here is that a 401K or a 403B allows you a little shelter from the tax man. It is a good idea to take every tax advantage that you get. 401K and 403B are similar in that they offer you a way to tax defer your income which may put you in a lower tax bracket. Of course 401K’s are superior to 403B’s in that with a 401K your company typically adds funds to your to your money input. Also it would be a good idea to investigate all of the different stocks in which your money is being invested. You want to invest in strong companies.
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