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I am currently depositing $95 per week into my deferred compensation (457) plan through the City of Orlando. 100% of these funds are being invested in the S&P 500 Index.

My question is; Would I be better off opening a self directed Roth IRA and contributing funds there? Should I continue to put something aside into my 457 plan, or direct those additional funds to our joint stock account?

I was attracted to the deferred compensation program because of the amount of money that could be contributed each year, 25% of your income or $8000, whichever is greater.

Please give a Fool some Foolish advice.

Fool on!
Orlando Bob

P.S. Please be kind enough to e-mail me, as well as post, your advice so that all may share in these responses.

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