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Author: b98 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75339  
Subject: 403(b) and 403(b)7 annuities Date: 1/21/2000 11:35 AM
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I am a teacher and I am currently involved in a tax deferred 403(b) annuity. I just read your info on annuities and wonder if I am investing in the wrong plan. I do not want to pay high fees. What other choices are available for me to invest in for retirement?
Thanks, b98
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Author: tmackfool Three stars, 500 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 18065 of 75339
Subject: Re: 403(b) and 403(b)7 annuities Date: 1/21/2000 2:21 PM
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I am a teacher and I am currently involved in a tax deferred 403(b) annuity. I just read your info on annuities and wonder if I am investing in the wrong plan. I do not want to pay high fees. What other choices are available for me to invest in for retirement?
Thanks, b98


Talk to your human resources people where you work about all the different options for 403(b) providers. The 403(b)7 providers offer investments in mutual funds, not annuities. I moved my 403(b) from Aetna to Fidelity largely because of the fees. The difference in costs on the index fund was about 3%. Also, be aware that not all annuities are high-fee investment vehicles, especially if you are with someone like TIAA-CREF (my optional state retirement provider). But unfortunately, most annuities have high fees. Ask your current 403(b) provider for the prospectus on the funds you are invested in to find out what fees you are paying.

Hope this helps,

Taylor


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Author: FoolishProf One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 18090 of 75339
Subject: Re: 403(b) and 403(b)7 annuities Date: 1/21/2000 11:04 PM
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I would echo what tmackfool "Taylor" had to say. For the same reason, i.e. high fees, I have moved all of my 403(b) funds to Vanguard in a 403(b)7 plan. Also have about 75% of it in their 500 Index Fund (VFINX).

Persevere!

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Author: peppermintpatty Three stars, 500 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 18123 of 75339
Subject: Re: 403(b) and 403(b)7 annuities Date: 1/22/2000 11:06 PM
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b98 -

You said "I am a teacher and I am currently involved in a tax deferred 403(b) annuity. I just read your info on annuities and wonder if I am investing in the wrong plan. I do not want to pay high fees. What other choices are available for me to invest in for retirement?"

My reply: Fees are relative. What are the expenses of the TSA you use? Read the prospectus for the info.

Regards, PP




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