Author Topic: 457 catch up option question  (Read 211 times)

ToughMother

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457 catch up option question
« on: March 02, 2019, 11:23:40 AM »
My income will be increasing next month and Iím think about where to stash it. I currently max out my 457 and am not actively contributing to my TIAA option.  I was just reading about the catch up option for the 457 ó Iím eligible bc Iím closing in on retirement and havenít contributed to the 457 for all the time that Iíve been eligible

Q1 any one done this before? Happy? Wished you hadnít? Why?
Q2 any pros cons to adding more to the 457 w catch up vs contributing to both the 457 and TIAA.

Are there any longer term/later in the game tax benefits post FiRE?
Both have similar investment options with similar expense ratios so nothing obvious there. I wonít be substantially younger than 59.5 when I leave this FT gig ó somewhere in the 57-58 range.

Thanks,
ToughMother