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Subject:  403B Fees Date:  12/4/1998  1:12 PM
Author:  dweiss3 Number:  7000 of 78166

Thanks to those who answered my earlier post. I wanted to pass along what I learned about my wife's 403B retirement plan.

Her school system designates Tax Sheltered Annuity (TSA) providers that are authorized to receive payments into 403B accounts. Initially these were all insurance companies offering annuities but three years ago they added an option to invest in mutual funds. However, you had to work thru Lincoln Investment Co. who charged a 5% fee up front. Thus $10,000 withheld from my wife's salary each year resulted in only $9500 being invested in the Vanguard funds we selected. Other than one of their salesman filling out the initial paperwork for my wife, Lincoln In