I know what you’re all thinking: “YOU call yourself a PF blogger?! Yes, dummy!“
But as with all things personal, the answer to this question isn’t as straightforward as it may seem. Consider the following:
1. My 403(b) isn’t matched.
2. The investment options are somewhat limited.
3. I’m already contributing almost 10% of my income to my Roth IRA.
4. I get a pension.
So is it still worth it to contribute to a 403(b)? Consider the following:
1. My taxable income will be lowered.
2. The saving is automatic – I’ll never see the money, so I won’t miss it. That’s always a good thing.
I’ve always had this weird sense of guilt that I’m not taking advantage of this retirement savings option, but when I really break it down it just doesn’t seem necessary or particularly worthwhile. Is there something I’m missing?