Last April I started a Roth IRA with Vanguard depositing $5500, then another $5500 for the current year. I chose a Target Date fund, because I did not know what else to do. Now, I am thinking about VTSAX, or VOO - now that I know that is possible.
I have a 403b which I aim to put 16500 - 18500 in per year, after maxing out the Roth. My employer contributes 3% of my income to the 403b at the end of the year, whether or not I contribute anything.
I am 47 and gross about $60,000 at the 403b job, and I have a part time job where I gross about $7,000. I rent, have no debt, no hope of buying a home in my city, and a 3 month emergency fund.
403b + Roth = 170,000 now.
I am easily 20 years away from retirement, and am thinking that higher risk/reward in the Roth account might serve me best, as my goal is to save enough in the 403b for a reasonable retirement. But - I don't think this is a traditional move for retirment funds, so - would be very interested to hear from more educared/experienced planners on pros/cons.
thanks!
Submitted October 07, 2018 at 08:08AM by streetworked https://ift.tt/2Pjx4ld
