Roth IRA or 403b or both?

#2 12-30-2003, 01:19 PM

On Tue, 30 Dec 2003 07:24:54 CST, msgrinnell[at]charter.net (Michael
Grinnell) wrote:

- quote -

> BTW, I have experienced very strange behaviour in posting to this list
> as well. Some posts have not appeared at all while others have taken
> several days to appear. Moderator must take vacations, too, I
> suppose...

Please see Ed Zollars' two informational posts ("Delay in posting?")
dated December 28.

-HW "Skip" Weldon
Columbia, SC

#1 12-30-2003, 12:24 PM

Good Day,

I just turned 37 and am not saving for anything in particular. I have
set some funds aside for emergencies, a new car, home improvements,
etc in short and medium term bonds, loan participation fund, and a
Blue Chip Growth fund on top of three months take-home salary in a
money market account. I put a little in this Fidelity account each
month as well. I just re-financed my house in October and am sitting
at 4.875 on a 15 year fixed loan. I have about 30% equity in the
home. I also have 11K in student loans at about 3%. Have no credit
card debt either. So, practically all my savings goes to two 529
plans, Roth IRA, and 403b.

BTW, I have experienced very strange behaviour in posting to this list
as well. Some posts have not appeared at all while others have taken
several days to appear. Moderator must take vacations, too, I
suppose...
Thanks much,

Mike

"BMS" <mcfared[at]comcast.net> wrote in message news:<ZtxGb.656206$Fm2.578960[at]attbi_s04> ...
- quote -

> One fact to make a judgment, how old are you?
> Besides your kid's education, what are the other things you are saving for?
> House, emergency funds, etc.
> "Michael Grinnell" <msgrinnell[at]charter.net> wrote in message
> news:237a8ae7.0312240829.bbcc730[at]posting.google.com...
> > List,
> > > I am currently putting about $2k/year into each of my wife and my Roth
> > IRA and about 5% of my income into my 403b (amounts to about $3100)
> > and $2400 into 529 plans for each of my two children. The total for
> > all accounts, therefore, is about $11,900. I am wondering what the
> > pros and cons are for the above-mentioned distribution between my 403b
> > and Roth IRA. Given the children and other deductions (along with a
> > not enormous income), our tax bracket is not too painful. My wife is
> > not working outside the home at present. I have always thought it's
> > kind of 6 of one and half a dozen of the other between the 403b and
> > Roth IRA given our situation. I may be way off, however.
> > > Are there any obvious advantages to this or another strategy?
> > > Thanks much,
> > > Mike

12-25-2003, 07:47 AM

One fact to make a judgment, how old are you?

Besides your kid's education, what are the other things you are saving for?
House, emergency funds, etc.

"Michael Grinnell" <msgrinnell[at]charter.net> wrote in message
news:237a8ae7.0312240829.bbcc730[at]posting.google.com...
- quote -

> List,
> I am currently putting about $2k/year into each of my wife and my Roth
> IRA and about 5% of my income into my 403b (amounts to about $3100)
> and $2400 into 529 plans for each of my two children. The total for
> all accounts, therefore, is about $11,900. I am wondering what the
> pros and cons are for the above-mentioned distribution between my 403b
> and Roth IRA. Given the children and other deductions (along with a
> not enormous income), our tax bracket is not too painful. My wife is
> not working outside the home at present. I have always thought it's
> kind of 6 of one and half a dozen of the other between the 403b and
> Roth IRA given our situation. I may be way off, however.
> Are there any obvious advantages to this or another strategy?
> Thanks much,
> Mike

#-1 12-24-2003, 04:53 PM

List,

I am currently putting about $2k/year into each of my wife and my Roth
IRA and about 5% of my income into my 403b (amounts to about $3100)
and $2400 into 529 plans for each of my two children. The total for
all accounts, therefore, is about $11,900. I am wondering what the
pros and cons are for the above-mentioned distribution between my 403b
and Roth IRA. Given the children and other deductions (along with a
not enormous income), our tax bracket is not too painful. My wife is
not working outside the home at present. I have always thought it's
kind of 6 of one and half a dozen of the other between the 403b and
Roth IRA given our situation. I may be way off, however.

Are there any obvious advantages to this or another strategy?

Thanks much,

Mike

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