Well, here's my story in a nutshell. I'm a 36 year old school teacher, who will retire around 65 years old, and I'm currently in the 25% tax bracket. I had a small Roth IRA ($6,000) with Amerpirse and a 403b ($45,000) with AXA Equitable. After reading a few books i realized how much i was getting charged by these companies and left both. I moved the Ameriprise Roth to Vanguard in the Target Retirement 2045 plan and moved the Axa 403b to a Fidelity 403b using their Spartan funds. Here's my dilemma. I'm not sure i can fully fund both accounts. I would love to, but i don't know if i can swing the $5,000 (Roth) and $15,500 (403b) a year for both.
Should i:
1. Roll my Roth into the 403b?
2. Roll my 403b into my roth?
3. Contribute to both..maybe maxing out the roth and then funding as much as i can to the 403b?
4. Contribute to both..maybe maxing out the 403 and then funding as much as i can to the Roth?
What hurts you more..getting pre or post taxed?
Should i:
1. Roll my Roth into the 403b?
2. Roll my 403b into my roth?
3. Contribute to both..maybe maxing out the roth and then funding as much as i can to the 403b?
4. Contribute to both..maybe maxing out the 403 and then funding as much as i can to the Roth?
What hurts you more..getting pre or post taxed?