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Subject:  Thinking about retirement...plans Date:  1/31/2004  3:09 AM
Author:  LostinUtah Number:  38857 of 88786

Hi Everyone

I try to follow this board as best I can, but at 28 I am still trying to pay off credit cards and student loans. I am close to getting out of grad school and have just moved home (to Hawaii) and trying to deal with the cost of living here.

While looking into the state's retirement plans, I notice I have 11 options. While I have not looked at each plan in detail, two are Vanguard plans (Vanguard Wellington Fund and Vanguard Instituitional Index Fund). Before I read the fact sheets of all eleven plans. I would like to respectfully ask for some advice of what to look for.

I have heard a lot of talk about Vanguard but did not realize there were multilpe options (I guess ignorance may not be bliss after all).

Please understand that I am a new investor, I plan on starting my savings, but it will a be meager attempt for the fist year or two.

I am basically asking this board for the main one or two things that I should be looking for. I understand fees, and past performance but not much else. I am considering talking to a financial advisor, but want to wait until I pay off my credit cards (I have already paid off 6 out of 11 grand within 6 months.

My student loans (~70 grand) are still in deferment, but I will have those to deal with in the next 6-9 months. I plan to consolidate once the deferment period is up (probably with direct loans). I hope this is enough detail. Any adivce on what to look for in the plans would appreciated.

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