I am a resident who has discretionary income, and would like to contribute more to my retirement savings through my hospital's options. I have already been maximizing my Roth IRA contributions annually. Questions (assuming no employer contributions to any of the 3 mentioned accounts):
1) Is the post-tax Roth 403b actually advantageous over 457b and 403b when it comes time to distribute during retirement?
2) Between the 457b and 403b, which typically offers a better breadth of portfolio options and lower management fees?
3) I keep reading about the potential for losing money in the 457 account should my hospital somehow go through financial troubles/dissolve. Is this a legitimate concern if it's a 457b?
4) With the exception of an Roth IRA, how does one decide if using post-tax dollars now vs getting tax deduction and getting taxed during distributions is better given the tax bracket for a typical resident?
Many thanks!
1) Is the post-tax Roth 403b actually advantageous over 457b and 403b when it comes time to distribute during retirement?
2) Between the 457b and 403b, which typically offers a better breadth of portfolio options and lower management fees?
3) I keep reading about the potential for losing money in the 457 account should my hospital somehow go through financial troubles/dissolve. Is this a legitimate concern if it's a 457b?
4) With the exception of an Roth IRA, how does one decide if using post-tax dollars now vs getting tax deduction and getting taxed during distributions is better given the tax bracket for a typical resident?
Many thanks!
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