No. of Recommendations: 0
Orlando Bob,

As has been pointed out before, 2000 put into a RIRA is a better way to go, then put the rest into 457 plan or into stocks. If you don't need the tax deduction I think that stocks are the way to go. The 457 plan is charging close to 1% to manage your money, and the options for withdrawing are not great, at this time.

I work for The City Of Kissimmee and max out my 457 because I need the tax deduction. But I also max out my RIRA each year. If I didn't need the tax deduction I would be putting my money into stocks instead of the 457 plan.

Hope this helps a little.

Fool On,
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.