JimmyTheDevil asks: "What's the difference between a 403(b) and a 403(b)(7) account? Are there any huge advantages to one or the other? Which one is the most low maintenence?"It depends! A 403b account is a Tax Sheltered Annuity (TSA), issued by an insurance company. It could offer a fixed interest account + many separate investment subaccounts managed by a variety of financial firms (like popular mutual fund companies). It has a guaranteed death benefit (which adds a cost) that assures the named beneficiary a payout of the greater of the fund balance or the total amount of contributions, regardless of market conditions.A 403b(7) account is held with a mutual fund company, so your choices of investments are limited to that fund family. There is no guaranteed death benefit, so the overall fees are typically lower.Hope that helps...Regards, PP
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