Join Early Retirement Today
Thread Tools Search this Thread Display Modes
457 v 403b v 401k?
Old 06-01-2007, 09:16 AM   #1
Confused about dryer sheets
Join Date: Jul 2003
Posts: 3
457 v 403b v 401k?

We have decided to stop maxing out all of our tax deferred savings due to unpaid maternity leave coming up.

We currently have access to:
self- 401k (uses a s&p 500 index)
spouse- 403b at fidelity
spouse- 457 with institutional vanguard indexes and barclays indexes

All three have exp ratios under .2% and I can make our asset allocation work with any mix of them.

We'll be dropping down to about $12,500/yr total in all three of these. I will put about $2500 in the 401k to receive the company match. Where would you put the other $10k?

What are some of the pros/cons when comparing the 3 different types of accounts? I thought the 457 had some lenient withdrawl rules, but I wasn't sure. We are 28 (self) and 30 (spouse) if it helps.

(We will still continue to fund our Roth IRAs, after tax investments, and we both have a pension.)

btbrors is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 06-01-2007, 09:28 AM   #2
Thinks s/he gets paid by the post
maddythebeagle's Avatar
Join Date: Jun 2005
Posts: 2,450
Well, if you want to retire early, I would do the 457 after you get the match from your can get money out of the 457 at separation of service without age limit...
- Hurry! to the cliffs of insanity!
maddythebeagle is offline   Reply With Quote
Old 06-01-2007, 10:27 AM   #3
Thinks s/he gets paid by the post
Join Date: Jul 2003
Location: Pasadena CA
Posts: 3,284
I agree with MTB, the 457 looks good. It sounds like you actually have a decent 403b, most are pretty bad, but I do not see any advantage to the 403b over the 457 with Vanguard.
T.S. Eliot:
Old men ought to be explorers
yakers is offline   Reply With Quote
Old 06-01-2007, 11:48 AM   #4
Confused about dryer sheets
Join Date: Jul 2003
Posts: 3
Perfect! Thanks to both of you. I thought there was that funny rule in the 457. We'll do that! Thanks!

(And yes, we are very lucky, all three plans are terrific)
btbrors is offline   Reply With Quote


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
500 search phrases for 2006 dory36 Other topics 2 01-16-2007 07:00 AM
457, 401(k), DBP JWV FIRE and Money 2 02-11-2005 03:51 AM
Roth vs. 457 (401k, etc.) Skylark FIRE and Money 7 08-20-2004 11:12 AM
Paying off Debt vs. 401(k) Contributions BigMoneyJim FIRE and Money 4 02-10-2003 10:06 AM

» Quick Links

All times are GMT -6. The time now is 07:43 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2023, vBulletin Solutions, Inc.