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By Dr. Rikki Racela, WCI Columnist

As a doctor with a competitive edge and an undying interest in personal finance, I couldn’t help but think about one thing when I was becoming financially literate. Who had the better retirement plan offered by their hospital: my wife or I? Wanting to see if my 403(b) at work was better than my wife’s 401(k) and obtain some bragging rights, I set off to write this column. As I compare our retirement accounts, I hope to teach the positives and negatives in your own work retirement accounts, which funds you should invest in if you are just starting on your investing quest, and which funds you should absolutely avoid like Yersinia pestis.

 

Rikki’s 403(b)

My retirement account at work is a 403(b), which is essentially a 401(k) except the employer is a nonprofit. Unfortunately, this brings up the first ding

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