My income will be increasing next month and I’m 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 — I’m eligible bc I’m closing in on retirement and haven’t contributed to the 457 for all the time that I’ve been eligible
Q1 any one done this before? Happy? Wished you hadn’t? 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 won’t be substantially younger than 59.5 when I leave this FT gig — somewhere in the 57-58 range.
Thanks,
ToughMother
