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I am employed at a hospital and I have the option of participating in a 403 (b). However, I would like to participate in a Roth IRA in order to take advantage of the "tax free" option so when I am retire, I would have the opportunity to pull my money out without being taxed. Now,for a 403(b)I would be penalized by being taxed on the money I take out during retirement.

I am 27 years old and desire to make wise choices for retirement now. What should I do? What would be the biggest bang for my buck? Should I participate in both?

It is my understanding that in a Roth I could contribute 2,ooo per year. I am married so I could contribute 4,ooo, right? However, in a 403 (b) one could contribute up to 10,000 a year. I would not be able to contribute that much per year. For now, I would like to contribute around 4,000 -5,000 a year into retirement. So, with that to say, I am seeking investment advice from you fools . . .
Hand Therapist
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