What are your investment options in the 403(b)? Generally speaking, 401(k) and 403(b) plans work similarly, but the 403(b) plans often have inferior investment options.
The 403(b) can be rolled over into a Traditional IRA, too, which gives you access to Roth IRA laddering, so you have early retirement options there, too.
If allowed by your employer, you might allow them to contribute to the 401(k), max your Traditional IRA, then contribute to the 403(b) yourself up to the max (or to the maximum you are able). Note: A lot depends on how good or bad the options are in the 403(b), I'm not advising this without more research.
The game plan in that case (in early retirement) would be to roll both the 401(k) and 403(b) into IRAs, then start Roth ladders.
Both accounts are currently in the Vanguard managed program, I put them in the program before I knew anything.
Ill have to take them out the program before I can see my options.
I had been investing this way before MMM and stopped to get out of debts and lower expenses. Now I ready to contribute.
These are the current investments per plan, again Vanguard managed. I dont know if this is any indication too you in anyway right off the bat?
You're saying once I take them out of the program I should be able to change funds but will be limited? They both have a 80/20 mix.
Regardless I shouldn't ignore these plans and view them as an asset.
Fund number Fund Quantity Price Current balance Current investment mix
TSA0223 Vanguard FTSE Social Index Fund Institutional Shares 21.124 $12.44 $262.78 4.25%
0871 Vanguard Institutional Total Stock Market Index Fund Institutional Plus Shares 50.030 $43.66 $2,184.31 35.35%
0581 Vanguard International Growth Fund Admiral Shares 31.022 $60.93 $1,890.17 30.59%
0559 Vanguard PRIMECAP Fund Admiral Shares 2.376 $96.30 $228.81 3.70%
0850 Vanguard Total Bond Market Index Fund Institutional Plus Shares 126.140 $10.81 $1,363.57 22.07%
0867 Vanguard Value Index Fund Institutional Shares 8.141 $30.59 $249.03 4.03%
Total balance $6,178.67 100.00%
401K0223 Vanguard FTSE Social Index Fund Institutional Shares 61.417 $12.44 $764.03 4.14%
0871 Vanguard Institutional Total Stock Market Index Fund Institutional Plus Shares 53.319 $43.66 $2,327.90 12.62%
0581 Vanguard International Growth Fund Admiral Shares 84.987 $60.93 $5,178.26 28.08%
0559 Vanguard PRIMECAP Fund Admiral Shares 26.577 $96.30 $2,559.36 13.88%
0850 Vanguard Total Bond Market Index Fund Institutional Plus Shares 315.635 $10.81 $3,412.01 18.50%
0867 Vanguard Value Index Fund Institutional Shares 112.355 $30.59 $3,436.93 18.64%
0521 Vanguard Wellington Fund Admiral Shares 12.331 $61.94 $763.78 4.14%
Total balance $18,442.27 100.00%