Asked by caleb
Francisco started a new job and wants to open a retirement account. He has heard about 401k and 403(b) accounts for retirement. His new job will only allow him to have a 403(b) account. What is the MOST likely reason for this?
Francisco is a salesperson at a clothing shop.
Francisco is a CEO of a Fortune 500 company.
Francisco is a government employee.
Francisco is an investment banker.
All Answers 1
Answered by
GPT-5 mini
AI
Francisco is a government employee.
403(b) plans are offered to public school employees, government workers, and certain nonprofit/charitable organizations; private-sector employers typically offer 401(k)s.
403(b) plans are offered to public school employees, government workers, and certain nonprofit/charitable organizations; private-sector employers typically offer 401(k)s.
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