frugalthirty
Dryer sheet wannabe
- Joined
- Jan 3, 2014
- Messages
- 22
Hi everyone. My wife maxes her 401k. I max my 403b. I have the option to also open a 457b, but I’m not sure if I want to contribute to that or just a brokerage account. We are 36 and plan to “retire” at 50. I need to fund age 50-60.
Here’s my question:
When I reach age 50, I can either 72t from my 403b and 457b (and pay taxes at standard bracket rates), or I can sell assets within a brokerage account and only pay capital gains tax. Seems to me that the brokerage is the better option since income taxes would be lower on the withdrawals.
Should I contribute extra $$ to another retirement account (457) or to a brokerage account to fund age 50-60?
Here’s my question:
When I reach age 50, I can either 72t from my 403b and 457b (and pay taxes at standard bracket rates), or I can sell assets within a brokerage account and only pay capital gains tax. Seems to me that the brokerage is the better option since income taxes would be lower on the withdrawals.
Should I contribute extra $$ to another retirement account (457) or to a brokerage account to fund age 50-60?