Author Topic: 403b, 457k, Roth IRA decisions  (Read 249 times)

Davey Crockett

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403b, 457k, Roth IRA decisions
« on: January 08, 2019, 05:44:48 PM »
Hi All! I'm new to the forum but I think I fit right in since I also like saving my money...

I've read a lot of articles about all of the various ways to save for retirement, and I've been contributing to my 403b for quite some time. My wife and I are both technically governmental employees, so we have access to both 403b and 457k. At the moment I think we can only max out 3 of the 4 accounts, with a little left over for saving in taxable accounts or contributing to a Roth IRA. Can anyone think of a reason why I shouldn't max both 457ks and one 403b? Since these are governmental employers I think the 457k accounts are completely safe and not dependent on our employer's solvency. Any reason I should prioritize the Roth IRA contributions instead?

Thanks for the help in advance!

maizeman

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Re: 403b, 457k, Roth IRA decisions
« Reply #1 on: January 08, 2019, 07:07:16 PM »
457 not 457k, but yes since it's a governmental 457, if the fees are about the same between the 457 and 403b, and if you're hoping to FIRE I agree it makes sense to max the 457 first since you can withdraw money at any age without penalty rather that having to run through a five year roth conversion pipeline