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URL:  http://boards.fool.com/one-quibble-a-403b7-consists-solely-of-mutual-27318840.aspx

Subject:  Re: Just when things were going ok, the rules ch Date:  1/3/2009  10:58 PM
Author:  WPatch Number:  65029 of 76397

One quibble: a 403(B)7 consists solely of mutual funds, TSA -an older term for 403(B) directly referrs to Annuities(Tax Sheltered Annuities). It sounds like your 403(B) account with TIAA-CREF includes both.

Other Insurance companies(Annuity providers) usually charge much higher fees for their Annuities than the mutual funds charge for for 403(B)7 s. Also, I do not believe that Vanguard directly provides 403(B)7's to schools. You would probably be dealing through a third party middleman. Still, you would get good funds and a better deal than the other annuities. However, other 403(B)7's may or may not offer better values.
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