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Contributing to multiple retirement accounts vs maximizing contributions to one
Contributing to multiple retirement accounts vs maximizing contributions to one I’m a 27 year old government employee. I contribute 4.5% of my gross income to a pension plan (defined benefit, guaranteed lifetime payments from 63 to death assuming I’m fully vested) and 7% to a 401k in a target date fund. No employer match, unfortunately. If I leave government work before 10 years, I can get my pension contributions refunded ...
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