FirstStepsInvesting

Decoder · Accounts

403(b)

The public-school, hospital, nonprofit, and ministry cousin of the 401(k). Same idea — paycheck-in retirement saving through your employer, often with a match or employer contribution — and the same 2026 employee limit of $24,500. The fund menu is set by your employer and its providers.

For your first $100: If you work at a school or hospital, this is your match door. Everything the sequencer says about a 401(k) match applies to yours.

401(k), in plain wordsEmployer match, in plain wordsVesting, in plain words

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See this word inside your order