I can contribute money to both a 403b and a 457. Should I contribute to one account first over the other, assuming both plans provide the same choice of mutual funds? The only difference I can discern is that there is an early withdrawl penalty with 403b. Are there any other differences?thanks,C
When you say early withdrawal, are you refering to a surrender charge or a pre-59 1/2 withdrawal penalty?I would pick one, no need for two. I would compare the expenses of both as well as any special features or benefits (for example, do both allow you to take free withdrawals for a home loan or education expenses).
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