UnThreaded | Threaded | Whole Thread (8) | Ignore Thread Prev | Next
Author: hvyevy2 One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76398  
Subject: Re: 403-B's and my options Date: 9/10/1999 11:24 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
Having an annuity in a 403(b) is a waste. The 403(b) is already tax-deferred, but the annuity charges you a fee to make it tax-deferred.

Please excuse my ignorance if I am incorrect, but I understand an annuity to be what you get after you retire. In other words, during your working days, you are investing in some sort of "fund" or other "investment" and when you retire, these outfits want you to "annuitize" you "investment" in order to determine your payout. I am in a TSA/403(b) with Valic and am invested in their various funds. I will retire in about 6 months and they are already suggesting I "annuitize" my investments when I retire since I will be making no further payments into them. I do not choose to do this, so they plan manager is saying, OK, leave your money in our funds and let it grow and withdraw as necessary. Since I have an IRA also, I plan to set up the IRA for my living expenses and roll the TSA into a self-directed IRA with Waterhouse. If this is incorrect, please help us all by correcting now. Thanks. HE2
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (8) | Ignore Thread Prev | Next

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
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.
Post of the Day:
Macro Economics

Economic Implications of Cuba
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! 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.
Advertisement