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Author: them Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 79749  
Subject: Employer 403b vs R-IRA Date: 11/7/2013 3:05 PM
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Greetings all -
I am trying to determine how to allocate my retirement savings moving forward. I have a 403b which features some employer-matching, but has few investment options, a dozen or so mutual funds. I also have a R-IRA in a brokerage account where I can invest in anything I like.

After some major life changes, I am starting a new career with little savings. My thought is to contribute enough to maximize any free money from my employer and as I can free up funds beyond that, to funnel that into my brokerage account as I think I can do better than 403b's options.

My question regards how to weigh the pros/cons of pre- and post-tax accounts - whether it makes more sense to just keep bumping up contributions to the 403b (in unmatched contributions) where my investing options are limited - or to increase funding to the R-IRA where I can invest as I like.

Any thoughts or advice would be appreciated, especially wrt how much better "A" or "B" would have to be for it to make sense financially.

Thanks in advance!
- P

PS - if it helps, I'm 52, earn in the $50's, have little savings, but also little debt - and I itemize my tax deductions.
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