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One important difference is that teachers tend to use 403b vs 401k. One difference the WSJ calls out is that the rules around 403b aren't as strict, and the em
by kyrra 7y ago
One important difference is that teachers tend to use 403b vs 401k. One difference the WSJ calls out is that the rules around 403b aren't as strict, and the employer (ie: the school) isn't required to act in the best interest of the teacher when offering the plan.
- lotsofpulp 7y ago401k rules aren't strict enough either, otherwise making sure employees have access to the extremely low cost total market index funds would be required. When an employer or union offers access only to funds with expense ratios 20x+ the going rate, that is not in the best interest either.