firemediceric
Recycles dryer sheets
- Joined
- Aug 9, 2017
- Messages
- 207
I've been contributing $1,000 bi-weekly through payroll deduction to my 457. Like my Roth, which I had fully funded in February for this year, and a taxable brokerage account which I've just been sitting on without adding or taking, the 457 is down 12%.
Does it make sense to keep throwing $1,000 every two weeks into the 457 just to watch it keep going down?
Might I be better off putting those funds, or a large portion of them, into a money market account?
I understand the taxes I'll be paying now rather than later if the money is not going into the 457, but I'm questioning continuing with fully funding the 457 at present. There is no employer match to my contributions.
I appreciate the input of the more seasoned cooler heads.
Does it make sense to keep throwing $1,000 every two weeks into the 457 just to watch it keep going down?
Might I be better off putting those funds, or a large portion of them, into a money market account?
I understand the taxes I'll be paying now rather than later if the money is not going into the 457, but I'm questioning continuing with fully funding the 457 at present. There is no employer match to my contributions.
I appreciate the input of the more seasoned cooler heads.