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I work at a state college and am enrolled in a mandatory 403(b). 3% of my salary is taken pre-tax and the state contributes an amount equal to 10% of my salary. It's handled through TIAA-CREF (invested in mutual funds)and I've been very happy with it. I can also voluntarily contribute up to an additional $9500 pre-tax into the 403(b). I'm looking to invest more money and my question is this: should I take advantage of the obvious and pump all available money into the 403(b) or should I get into DRIPS. Obviously, the DRIPS would be after tax, but that money would be available for other things that come up, whereas the 403(b) is tucked away till 59-1/2. Should all my money go into retirement or should I put away retirement money and invest in DRIPS?
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