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 BobP.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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