Should I Contribute to my roth 403b or roth IRA?

While Roth IRAs allow your contributions to grow tax free, you can contribute a much larger amount to your 403(b) plan. In addition to higher limits, 403(b) plans also offer the option for employer matches, which is essentially free money toward your retirement. Using both tools is a wise strategy for your retirement.

What are the disadvantages of a 403 B?

Pros and cons of a 403(b)

Pros	Cons
Tax advantages	Few investment choices
High contribution limits	High fees
Employer matching	Penalties on early withdrawals
Shorter vesting schedules	Not always subject to ERISA

Which is the biggest expense for most retirees?

Housing

Housing is likely to be your biggest cost in retirement, but there are a variety of ways to significantly reduce your monthly housing bills. Paying off your mortgage can eliminate a major monthly expense, leaving only the cost of taxes, insurance and maintenance.