Legally_dead
Recycles dryer sheets
- Joined
- Sep 4, 2014
- Messages
- 50
My government give has a 403(b) plan where 7% of my pay is automatically invested in the plan. After 8 years (6.5 to go), my employer matches the account by 200%.
My gig also offers a 457b def comp plan, but I do not participate. There is no match.
Any suggestions on how to decide whether/how much I should invest in def comp? If I contribute the max 18k, I will have to withdraw that amount from my brokerage account and pay capital gains taxes to cover expenses. We use almost all of my take home. I haven't participated to date because my understanding is the expenses are high (1.5%) on the underlying investments in the plan.
Thanks in advance for your thoughts.
My gig also offers a 457b def comp plan, but I do not participate. There is no match.
Any suggestions on how to decide whether/how much I should invest in def comp? If I contribute the max 18k, I will have to withdraw that amount from my brokerage account and pay capital gains taxes to cover expenses. We use almost all of my take home. I haven't participated to date because my understanding is the expenses are high (1.5%) on the underlying investments in the plan.
Thanks in advance for your thoughts.