How old are you? A lot of those Blackrock funds are target date funds so they are tailored for the year you retire.
How much money can you afford to save? What is the matching from your company?
The Roth option deducts the money after taxes, which is great for the time you retire. The normal option allows you to put in the money before taxes are paid, which means your paycheck is a little bigger. I think that having half of your contributions into each is a good idea. I put 60% on the deferred and 40% in my Roth. Eventually for retirement you want to have both types available to minimize taxes then.
vgacolor t1_iughhj3 wrote
Reply to Please help choose the correct 457(b) long term investment. by ferrisIS
How old are you? A lot of those Blackrock funds are target date funds so they are tailored for the year you retire.
How much money can you afford to save? What is the matching from your company?
The Roth option deducts the money after taxes, which is great for the time you retire. The normal option allows you to put in the money before taxes are paid, which means your paycheck is a little bigger. I think that having half of your contributions into each is a good idea. I put 60% on the deferred and 40% in my Roth. Eventually for retirement you want to have both types available to minimize taxes then.
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