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Background information ...

I am an employee for the state of Nevada. I can start either one of these plans, but there will be no matching funds. (If I do a 457, my funds will not be touchable if the state somehow goes belly up.) Current plans are to stay employed by the state for at least the next several years. (The private sector or the county might pay more, but the state offers great benefits.)

Current retirement planning: On track to make the max contribution to my roth IRA. In 2 more years I will be vested in the state retirement plan (in Nevada, if you're a state employee, you don't pay SS. Money is put into the state retirement plan instead.)

Current debts: Other than my mortgage, none.

I've met the Valic agent here in town. I've been to their website. They have a nice selection of mutual funds, bond funds, and even some index funds. All of these funds are no-load.

At this point in time I can afford to invest $150/mo. (I plan to up this a little bit every year.) I plan to be working at least 30 more years.

So ... (drumroll please)

Which kind of retirement plan would you start and why?








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