A four o three b is most easily thought of as a four o one k. A four 57 b is your employers money that they haven't paid you yet. If it's got reasonable fees, reasonable investment options and, most importantly, reasonable distribution options, then go ahead and use the four 57 b as well. You can get something close to 75, 78 thousand dollars into these three accounts.
In this week's episode we are taking listener questions regarding retirement accounts. We talk about 403(a), 403(b), and 457(b) accounts and what the maximum contributions for those are. We cover defined benefit plans vs a mega backdoor roth and when to pick which or both options. We answer questions about taxable accounts and catch-up contributions as well as differences in employer contributions and solo 401(k) accounts and when you can make contributions for a spouse. If you have questions about retirement accounts you will find some answers here.
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