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The likeness of George Washington is seen on a U.S. one dollar bill, March 13, 2023, in Marple Township, Pa. We often talk about 401(k)s and 403(b)s as if they’re the same, but they’re not. While both can help you save for retirement, 403(b)s have fewer consumer protections and can be a bad deal for the people — often teachers — they’re supposed to serve. If your employer offers a 403(b), research the plan thoroughly. (AP Photo/Matt Slocum, File)

The likeness of George Washington is seen on a U.S. one dollar bill, March 13, 2023, in Marple Township, Pa. We often talk about 401(k)s and 403(b)s as if they’re the same, but they’re not. While both can help you save for retirement, 403(b)s have fewer consumer protections and can be a bad deal for the people — often teachers — they’re supposed to serve. If your employer offers a 403(b), research the plan thoroughly. (AP Photo/Matt Slocum, File)

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