Comments on: Poll: Do You Save in 401(k) Without Company Match? http://www.thesunsfinancialdiary.com/poll/poll-do-you-save-in-401k-without-company-match/ Sun, 08 Nov 2009 02:55:36 -0800 http://wordpress.org/?v=2.8.5 hourly 1 By: Tim http://www.thesunsfinancialdiary.com/poll/poll-do-you-save-in-401k-without-company-match/comment-page-1/#comment-43665 Tim Fri, 22 Aug 2008 22:33:47 +0000 http://www.thesunsfinancialdiary.com/?p=2134#comment-43665 Also remember that part of all this retirement saving is tax diversification. contributing to 401k now reduces your tax burden now. Also remember that part of all this retirement saving is tax diversification. contributing to 401k now reduces your tax burden now.

]]> By: Weekly Roundup: Fay, Fay, Go Away Edition | Frugal Dad http://www.thesunsfinancialdiary.com/poll/poll-do-you-save-in-401k-without-company-match/comment-page-1/#comment-43658 Weekly Roundup: Fay, Fay, Go Away Edition | Frugal Dad Fri, 22 Aug 2008 11:01:20 +0000 http://www.thesunsfinancialdiary.com/?p=2134#comment-43658 [...] Poll:  Do You Save in 401(k) Without Company Match?   I personally do not.  I invest through the match and then invest additional retirement funds in a Roth IRA. While I lose some pre-tax benefits now, I’ll enjoy tax-free withdrawals on earnings down the line. [...] [...] Poll:  Do You Save in 401(k) Without Company Match?   I personally do not.  I invest through the match and then invest additional retirement funds in a Roth IRA. While I lose some pre-tax benefits now, I’ll enjoy tax-free withdrawals on earnings down the line. [...]

]]> By: Mickey Blue Eyes http://www.thesunsfinancialdiary.com/poll/poll-do-you-save-in-401k-without-company-match/comment-page-1/#comment-43624 Mickey Blue Eyes Wed, 20 Aug 2008 14:46:39 +0000 http://www.thesunsfinancialdiary.com/?p=2134#comment-43624 I work for state government. We have a defined contribution pension plan, essentially a employer-funded 403(b). I could make a contribution to my 403(b), but I decided against it. Although my taxable and Roth IRA accounts are my primary long-term investments, I do put a small amount into my employer's 457 plan. In short, a 457 is like a 403(b), except that contributions are only income tax exempt, not SS tax exempt, but funds can be withdrawn 30 days after leaving my employer instead of waiting until age 65. I belive 403(b) contributions are also Social Security exempt, hence the age 65 requirement. I like the 457 plan because if I'm unemployed, I can always access my funds w/o penalty and pay regular income tax. I work for state government. We have a defined contribution pension plan, essentially a employer-funded 403(b). I could make a contribution to my 403(b), but I decided against it. Although my taxable and Roth IRA accounts are my primary long-term investments, I do put a small amount into my employer’s 457 plan.

In short, a 457 is like a 403(b), except that contributions are only income tax exempt, not SS tax exempt, but funds can be withdrawn 30 days after leaving my employer instead of waiting until age 65. I belive 403(b) contributions are also Social Security exempt, hence the age 65 requirement.

I like the 457 plan because if I’m unemployed, I can always access my funds w/o penalty and pay regular income tax.

]]>