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  • Feb 13, 2007, 07:48 AM
    mffenley99
    Retirement Options
    I'm 50 years old and likely will have to work until 62-64. My son is now out of college and the money that I have been using to fund his schooling I would like to now turn towards retirement investments.

    Which would be better - increase my monthly contributions to a 403b with pre-tax dollars or start purchasing IRA's that I would not be taxed on when I begin to use them in retirement?

    Thanks
  • Feb 13, 2007, 07:56 AM
    ScottGem
    I would do both. Split the money between them.
  • Feb 18, 2007, 06:51 PM
    realestateprivlend
    Quote:

    Originally Posted by mffenley99
    I'm 50 years old and likely will have to work until 62-64. My son is now out of college and the money that I have been using to fund his schooling I would like to now turn towards retirement investments.

    Which would be better - increase my monthly contributions to a 403b with pre-tax dollars or start purchasing IRA's that I would not be taxed on when I begin to use them in retirement?

    thanks

    You could certainly begin investing in your IRA. A self directed one may be the one to consider. This way you can make other investments without tax consequences.

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