Search found 25 matches

by 71GTO
Thu Sep 17, 2020 11:23 am
Forum: Personal Investments
Topic: 457b and/or Roth through employer
Replies: 50
Views: 2198

Re: 457b and/or Roth through employer

Yes, it’s been underfunded for years and it’s a constant fight about it here, so that’s part of keeping fingers crossed but the target seems to be new hires.
by 71GTO
Thu Sep 17, 2020 10:53 am
Forum: Personal Investments
Topic: 457b and/or Roth through employer
Replies: 50
Views: 2198

Re: 457b and/or Roth through employer

Will do, Thank you for all of your help.
by 71GTO
Wed Sep 16, 2020 6:19 pm
Forum: Personal Investments
Topic: 457b and/or Roth through employer
Replies: 50
Views: 2198

Re: 457b and/or Roth through employer

Ruralavalon, yes, 70k for me and 60k for her. That would be my optimistic guess if we get some good contracts and maybe a promotion in the next 20-25 years...The pensions are I believe 55% of the average of your last three years, I know the will be taking out for health insurance and I’m not sure wh...
by 71GTO
Wed Sep 16, 2020 5:44 pm
Forum: Personal Investments
Topic: 457b and/or Roth through employer
Replies: 50
Views: 2198

Re: 457b and/or Roth through employer

Ruralavalon, Thank you. That makes sense to me interestingly enough, once when I asked an accountant once while doing taxes, he states the opposite. Figuring that taxes will always be going higher. As Far as pensions, I could speculate 70k for maybe 60k for my wife as of now. by the time We could co...
by 71GTO
Wed Sep 16, 2020 4:58 pm
Forum: Personal Investments
Topic: 457b and/or Roth through employer
Replies: 50
Views: 2198

Re: 457b and/or Roth through employer

Celia, thank you, I will research further what you recommend, but I did state I can not withdraw from it u til retirement or an emergency. I would need to petition them and get approved then pay any taxes, penalties or fees. I’d guess petitioning them that I want to invest somewhere else might not g...
by 71GTO
Wed Sep 16, 2020 12:13 pm
Forum: Personal Investments
Topic: 457b and/or Roth through employer
Replies: 50
Views: 2198

Re: 457b and/or Roth through employer

This is copied from their website regarding withdrawals. The only thing that I kind of don't like is that I need to ask and be approved if I needed to make a withdraw and even if it isn't approved they would freeze contributions for six months. When you withdraw money from your retirement account yo...
by 71GTO
Wed Sep 16, 2020 11:58 am
Forum: Personal Investments
Topic: 457b and/or Roth through employer
Replies: 50
Views: 2198

Re: 457b and/or Roth through employer

Ruralavalon, I checked everything again. We are in the 22% bracket. I copied this from Prudentials website as to what the options are for accounts ROTH NON 457 ROLLOVER ELECTIVE DEFERRALS ROTH 457(B) PRE TAX NON 457 ROLLOVER ROTH 457 ROLLOVER PRE TAX 457 ROLLOVER When I go to the page that I can cha...
by 71GTO
Tue Sep 15, 2020 6:48 pm
Forum: Personal Investments
Topic: 457b and/or Roth through employer
Replies: 50
Views: 2198

Re: 457b and/or Roth through employer

I believe I was told I could change the 457b to an IRA within prudential. I can check again, but you recommend I should or shouldn’t do that? If you can rollover the 457 to an IRA within prudential, then you can roll it over to an IRA at another custodian . I would avoid Prudential as they may talk...
by 71GTO
Tue Sep 15, 2020 6:36 pm
Forum: Personal Investments
Topic: 457b and/or Roth through employer
Replies: 50
Views: 2198

Re: 457b and/or Roth through employer

Ok, my wife's 403b, which I still want to confirm is Roth or some portion is a Roth. The statement seems to indicate the Three funds not listed as Taxable are a Roth and the other is a regular investment... 47.47% Taxable fixed income Funds 13.46% Invesco OFI International Bond Fund A 13.39% Invesco...
by 71GTO
Tue Sep 15, 2020 6:05 pm
Forum: Personal Investments
Topic: 457b and/or Roth through employer
Replies: 50
Views: 2198

Re: 457b and/or Roth through employer

I’m sorry, good catch. It’s 22% I fixed my original post. I think I looked at the single chart. I can only wish I was making that much, lol.
by 71GTO
Tue Sep 15, 2020 5:12 pm
Forum: Personal Investments
Topic: 457b and/or Roth through employer
Replies: 50
Views: 2198

Re: 457b and/or Roth through employer

Ruralavslon, thank you. Just to clarify, my deferred comp contributions are pretax and I will be taxed when I withdrawal funds. I can also open an the Roth through work and contribute to each. As far as the pensions we don’t really know what we will end up with. I am vested and my wife is almost ves...
by 71GTO
Tue Sep 15, 2020 4:08 pm
Forum: Personal Investments
Topic: 457b and/or Roth through employer
Replies: 50
Views: 2198

Re: 457b and/or Roth through employer

Ruralavalon, I think I hit all of your questions the best I can at the moment.
by 71GTO
Tue Sep 15, 2020 3:28 pm
Forum: Personal Investments
Topic: 457b and/or Roth through employer
Replies: 50
Views: 2198

Re: 457b and/or Roth through employer

I asked them about taking it out of Prudential to another financial institution rolling it over into another retirement account. When I opened the account originally I asked if I could go from the deferred comp to the IRA and I was told I could. I think the ability to go from deferred comp to an IR...
by 71GTO
Tue Sep 15, 2020 3:19 pm
Forum: Personal Investments
Topic: 457b and/or Roth through employer
Replies: 50
Views: 2198

Re: 457b and/or Roth through employer

Ruralavalon, thank you, Yes, I am 42 and vested in a public employee pension. I have a little over 5k in the deferred comp account. No doubt I’m behind on the Saving and investing front, but thankfully now I’m in a position to start getting it going. The pension takes 7.5% of salary and I’m putting...
by 71GTO
Mon Sep 14, 2020 9:02 pm
Forum: Personal Investments
Topic: 457b and/or Roth through employer
Replies: 50
Views: 2198

Re: 457b and/or Roth through employer

Ruralavalon, thank you, Yes, I am 42 and vested in a public employee pension. I have a little over 5k in the deferred comp account. No doubt I’m behind on the Saving and investing front, but thankfully now I’m in a position to start getting it going. The pension takes 7.5% of salary and I’m putting ...
by 71GTO
Mon Sep 14, 2020 8:29 pm
Forum: Personal Investments
Topic: 457b and/or Roth through employer
Replies: 50
Views: 2198

Re: 457b and/or Roth through employer

Note that "change it to a Roth" is a vague description. Some big public companies offer both a 401(k) and a Roth401(k) for current salary-reduction contributions. Of course, the Roth contributions are taxed before they are put into a Roth 401(k). It's impossible to say whether the employer reply yo...
by 71GTO
Mon Sep 14, 2020 10:50 am
Forum: Personal Investments
Topic: 457b and/or Roth through employer
Replies: 50
Views: 2198

Re: 457b and/or Roth through employer

Ok, so I contacted Prudential, there are no additional management fees, just whatever the fund fees are. I had selected a goal maker plan similar to the Fidelity plan picking a target date and they investing according to their plan for that. I can drop out of that and pick the funds I want that they...
by 71GTO
Sun Sep 13, 2020 4:32 pm
Forum: Personal Investments
Topic: 457b and/or Roth through employer
Replies: 50
Views: 2198

Re: 403b and/or Roth through employer

Note that in NJ, 403(b) contributions are not excludable from state income tax , and thus 403(b) payouts have the investment-in-contract (your money) paid out without tax later. Of course the income and appreciation are taxed upon withdrawal. I agree that it's best to have a Roth IRA independent of...
by 71GTO
Sun Sep 13, 2020 4:31 pm
Forum: Personal Investments
Topic: 457b and/or Roth through employer
Replies: 50
Views: 2198

Re: 403b and/or Roth through employer

I have to work on learning to evaluate performance on my own. As FiveK implies above, I would recommend paying little attention to performance if you plan to invest for the long haul using index funds. Future performance will be what it is...you can't predict it or control it. What you can do is co...
by 71GTO
Sat Sep 12, 2020 7:06 pm
Forum: Personal Investments
Topic: 457b and/or Roth through employer
Replies: 50
Views: 2198

Re: 403b and/or Roth through employer

Thanks guys, the plan I’m talking about is NJ deferred compensation. Looks like I have a lot of reading to do. From some info I found last night I believe I can request or move around to the funds I want, but is it just moving to funds with the lowest fees? I have to work on learning to evaluate per...
by 71GTO
Fri Sep 11, 2020 7:28 pm
Forum: Personal Investments
Topic: 457b and/or Roth through employer
Replies: 50
Views: 2198

Re: 403b and/or Roth through employer

Done!
by 71GTO
Fri Sep 11, 2020 7:10 pm
Forum: Personal Investments
Topic: 457b and/or Roth through employer
Replies: 50
Views: 2198

Re: 403b and/or Roth through employer

Ok, so I found this on info in my account, but not what prudential's fees are. DCP Stable Value Fund Gross Expense Ratio* N/A Net Expense Ratio** N/A *Gross Expense per $1,000 = N/A **Net Expense per $1,000 = N/A Core Bond Enhanced Index / PGIM Fund Gross Expense Ratio* 0.24% Net Expense Ratio** 0.2...
by 71GTO
Fri Sep 11, 2020 6:15 pm
Forum: Personal Investments
Topic: 457b and/or Roth through employer
Replies: 50
Views: 2198

Re: 403b and/or Roth through employer

Thank you! I will post the fees as soon as I can find them and read the links you provided. 71GTO, welcome to the forum. I'm new to investing even with basic mutual fund or managed investing. I work for a state government and I am in a pension system. They offer deferred compensation plans that are ...
by 71GTO
Fri Sep 11, 2020 6:09 pm
Forum: Personal Investments
Topic: 457b and/or Roth through employer
Replies: 50
Views: 2198

Re: 403b and/or Roth through employer

Thank you for the welcome, i'm glad get started with starting this adventure. Yes, it is a 457b. I'm sorry for the confusion. I am in NJ. As far as option costs. I am searching around, but I do not know what they are or where to find the info in my account, which ties into your next point/question. ...
by 71GTO
Fri Sep 11, 2020 11:02 am
Forum: Personal Investments
Topic: 457b and/or Roth through employer
Replies: 50
Views: 2198

457b and/or Roth through employer

I'm new to investing even with basic mutual fund or managed investing. I work for a state government and I am in a pension system. They offer deferred compensation plans that are managed by Prudential with automatic payroll deductions, a 457b which my contributions would be pretax, I would not be ab...