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Author: currinsons Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121177  
Subject: 457b Date: 12/11/2005 7:20 PM
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Hello, quick question. I have a 457b which I have maxed out this year, Are there any tax advantages in contributing the 4000 max to an IRA as well? thank you
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Author: DrTarr Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 81878 of 121177
Subject: Re: 457b Date: 12/11/2005 11:23 PM
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Yes,

Depending on your circumstances the tax advantage for this year may still be there. Plus - there is still the tax advantage of having the money grow in a non-taxable account.

DrTarr

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Author: DeltaOne81 Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 81879 of 121177
Subject: Re: 457b Date: 12/11/2005 11:30 PM
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IRA - both traditional and Roth, are taxed advantaged account. Depending on your situation, you may not get a tax advantage NOW, but you absolutely will get one. And, as far as your future is concerned, it's always better to save than spend.

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