Hi Folks,
Just like the title says, I have a couple of options I would like your help with. I just started at a new job but won't be eligible for their 403b 8% match until June of 2019. I have maxed out Roth IRAs on Vanguard for 2017 and 2018 and have ~$40k left sitting uninvested in a brokerage account.
I have all other savings and debt things taken care of, so we can take those options off the table. I intend to invest this ~$40k.
I'm planning on leaving this employer for grad school (savings figured out for that already, no worries) in the Fall of 2019, but am not above getting my earned 8% match for over a year of work before splitting. The question is should I hold onto the maximum contribution ($18k I believe) until then, or would it be better to throw it all into other investment vehicles now? I plan to put the remaining $22k into those other vehicles since I can't do much else with it.
Let me know what you think. 8% of $18,000 is something like $1400 of free money, but if you think I could see a similar return from investments over the same period, why not just increase my principal amount from 22k to 40k?
TL;DR - hold 18k for 8% employer match a year from now before quitting, or just throw it in with the rest of my other investments?
Submitted April 13, 2018 at 09:49AM by ab503 https://ift.tt/2HglW7R