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Question

Which is better: the 403(b) SRA or the 457(b) plan for additional savings?

Answer

The 457(b) is often better for high earners because it has no early withdrawal penalty after leaving U-M, regardless of age. However, the SRA offers Roth options for tax diversification, making it beneficial if you expect higher taxes in retirement.

Related FAQs

Pre-tax or Roth contributions: which is better for U-M employees?

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TIAA or Fidelity: which provider should I use for my U-M retirement?
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Last Updated May 20, 2026
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