I have a government 457 retirement account, do I need another account, like a ROTH IRA?

As a city government employee I'm eligible to make contributions to an optional pretax retirement account, an IRS 457 account. I'm in my late twenties and have so far been contributing the maximum $17,000 pre tax per year and my employer does not offer any matching options. Are there any savings or retirement options available to me that might offer additional benefits to me?

Public Comments

1. ROTH will not have savings today. It's investing after tax dollars, but then you withdraw with no taxes when you retire. This is a very good option for many people. Traditional IRA gives a tax deduction today, but you pay taxes when you withdraw. It's also a good option. If you are paying taxes now, you may want to look into a Traditional. The limit is $4000 per year. Then go with a Roth after that.
2. Yes, you can open a Roth IRA as long as your income does not exceed the maximum allowable. Roth contributions are with after-tax dollars but the investment grows tax-free and you do not pay any taxes on withdrawls when you retire. See www.ira.com.