Hi,
I'm a very fortunate and slightly financially illiterate 22yo making 53k/yr, no debt, already maxing out my Roth IRA. I've been putting the rest of my monthly savings (~600-1200/mo) towards a healthy-bordering-excessive emergency fund (65k currently invested in FDLXX). After prowling around this sub and r/Fire, I think I'd like to put more of those monthly savings towards retirement, though feel free to give other suggestions/opinions.
I have access to a 403(b), 457(b), or 403(a), with no matching. I'm not clear on the distinction between these, but to my understanding: the 457(b) is most appealing because I can avoid the early withdrawal penalty when my employment ends… unless I make Roth contributions, in which the penality applies til I hit 59 1/2?
At this point, would it be better for me to make pre-tax contributions (for no penalty if I want to retire early and make withdrawals), or Roth (because I'm in a low tax bracket)?
I cannot predict what my income will look like in 10, 20, etc years. I have 4 more years of stable income before I'm launched into a spectacularly volatile job market.
Posted by sunfishhhh