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No. of Recommendations: 1
Deferred taxes can be a good deal in that it increases the funds you have available to invest by reducing your income tax payout each year.

The 457 could be a good deal for you too, but as an alternative take a look at LTBH (long term buy and hold) investing in a taxable account. By selecting investments that can be held long term (such as an S&P 500 Index fund), you pay little or no taxes (only on dividends or capital gains distributions and those can be minimal) until you sell, and then at capital gains rates. Its a good deal provided you can successfully select investments you can hold long term. If the market crashes or fundamentals change for the worse and you are forced to sell, taxes become due. So it can be tricky. The Roth and 457 give you greater flexibility to respond to the unexpected.

Best of luck to you.
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