No. of Recommendations: 0
Flocky --

I know you are getting all sorts of advice, so here's some more to further confuse you. One person recommended an annuity with Vanguard if it is available. My only caution there is to make sure you know who is the insurance company running the annuity; don't just assume it's low expense because the name "Vanguard" is associated with it. If it is simply a Vanguard subaccount wrapped in a high priced insurance product, you may not be saving yourself anything. If it is the insurance company through whom Vanguard sells its variable annuities to the general public (I can't remember it's name offhand), it will be a lower cost option.

Also, see if your school system offers a TIAA-CREF annuity program. I doubt you will find a lower priced, more reputable organization than TIAA-CREF. They are the largest pension organization in the country, have a lot of clout in the investment community and have historically very good (albeit not spectacular) returns.

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.