After a bit of research here is what I have found & I freely admit I was wrong on a few points:Pension Plan- I am eligible on 7/1 in the year following my year of hire (so next July)- the hospital makes the contributions, I pay in nothing- I would be vested 100% after 5 years of service, in which I work at least 1,000 hrs/year- I carry my vesting service if I leave my hospital but go to another in the network- pension would be taxed when I took the money out- I think it's a defined benefit plan (judging by how Peter explained them)- it is based on my salary & years of service (there is no amount that I can find, just this statement)Tax-Deferred Annuity 403b- 4 different companies to choose from (AIG, Fidelity, Prudential, & Equitable)- I get $0.20 on the dollar up to 4% investment from me (with a maximum of $400 from them)- I am vested in 3 years- I must work 1,000 hrs/yr & be employed on 12/31 each year to receive itIt looks as if I take part in the pension plan as well as the 403b (though I will double check this). So if I can do both, I should at least put in enough to the 403b to get the match right?Also, Fuskie said I would also save $4000 for a Roth IRA, assuming you will have earned $4000 in AGI by the end of the year. What is AGI?It would appear, from what Fuskie & Chris both said, that starting an IRA would be a good idea as well. Which I had wondered about. But here's where I get lost: how do I choose a company to go with? My CUs both have them but I don't know if they are competitive. As for my existing 401k, do I just leave it at my former employer's? It's been doing nicely there for the past 3 years (the investing company is John Hancock). Or do I need to do something with it?blue3dragonFuskie - I am trying to break out of my comfort zones. :)
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