Does your spouse's retirement plan have high fees?

 

If your spouse has a bad retirement plan (i.e. high fees), should you just max out your good plans?

Recently, I looked at the retirement options of two spouses, of two PSD employees. It turns out that PSD's 401k and 457 have much lower fees than their spouses' plans. In this case, you should consider maxing out your 401k and 457b, and use your spouse's income for living expenses. Of course, if your spouse gets a match, make sure they contribute enough to get the match, and then max out your plans. However, make sure that both of you take advantage of your Roth IRA too (non-work account). Ask us if you have any questions.