NYC DOE Teacher — Can I max TDA, 457b, AND the NYC DCP 401k simultaneously?
Currently completing my 20th year teaching in NYC, Tier 4. Currently maxing:
• TDA ($25,000/year, 7% fixed)
• NYC DCP 457b ($24,500/year)
• Roth IRA ($8,000/year)
I noticed I’m also eligible for the NYC DCP 401k with a separate $24,500 limit. Has anyone done all three? Any issues or downsides I’m missing?
Would maxing all three significantly reduce my taxable income? And are both the 457b and 401k penalty-free at separation from service at 55?
Also — is there any advantage to the 401k over the 457b beyond the additional contribution room?
u/Eastern-Silver8374 — 18 hours ago