No. of Recommendations: 0
Dear Fools:

TMF Max over on the 401(k) board suggested that I start a Roth IRA and only fund my 403(b) after I have maxed out a Roth. I currently am contributing $200 monthly to my 403(b) with no matching contributions from my employer. What would be the advantages of a Roth as opposed to the 403(b)? I don't know much about an IRA. From what I understand, you can borrow against a Roth for things such as a downpayment on a house (which is a goal of mine in the next 3 years or so). Other than that, I'm pretty clueless. Comments, suggestions, other information please. Any links to info on Roth's for beginners that I should be aware of? Thanks.
Dave
Print the post  

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement