Hi everyone. I work for a fairly large healthcare group (12000 employees) that was formed 20-25 years ago. It seems stable to me and they have expanded significantly over the last 10 years years. Household income ranges from 850k-1 mil. I am in my early 30s, married with one child, maxing out a roth 401k (still debating about roth v pre-tax, but probably a topic for another thread), backdoor roth, have a reasonable 15 year mortgage, have about 4 months of expenses in a high interest checking account, am saving in my child's 529, and am investing about 20k a month in a taxable account. I have been considering investing in the company's non-governmental 457b. I am in my early 30s so I was going to delay investing in the 457b and build up a taxable account, but wanted to hear others' opinions. I have not heard of any financial difficulty in the company but I am not truly in the know I suppose and the company has not been around all that long. I have not yet seen the investment options in the 457b, but they are very reasonable in the 401k and include VINIX (institutional S&P index), VFWSX (institutional ex-US fund), and VBTIX (institutional total bond fund), as well as an institutional extended market fund I am considering - VIEIX (mid cap blend). There is a record keeping fee of 0.24% as well. I would assume the options in the 457b are similar, but I am not sure. I have inquired about after tax 401k contributions and they are not allowed.
My question is two-fold...
Should I contribute to the non-governmental 457b assuming they have reasonable investment options?
I know if the company goes under, the money in the 457b goes to the creditors. What happens if the company is bought out?
My question is two-fold...
Should I contribute to the non-governmental 457b assuming they have reasonable investment options?
I know if the company goes under, the money in the 457b goes to the creditors. What happens if the company is bought out?
Comment