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Author: TMF2Aruba Big funky green star, 20000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 9915  
Subject: Re: My 403(b) Date: 5/7/1999 10:13 PM
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I am a pastor and my wife is a teacher. We are interested in the vanguard index fund but are not sure if we can invest in the fund via 403(b). We are new investors and will not go beyond the maximum for the roth ira. Should we just invest in the vanguard fund through the IRA or look for it through 403(b)?

Hi James!

I personally think that the Vanguard Index is a Foolish choice as it mirrors the S&P, and has the lowest fees.

I'm not sure I understand what you mean by "won't go beyond the maximum for the Roth." Do you mean you don't want to do a 403(b) if you invest in a Roth IRA? Or do you mean that you don't know if you "can" do a Roth IRA if you invest in a 403(b)?

I'm going to think you mean the latter, so the answer is you can do both, as long as you meet the income qualifications (translation: you don't make too much). To invest in Vanguard via a 403(b), you'll want to check with your wife's school district to make sure that Vanguard is one of the options they offer. If they don't allow that company, you might want to investigate the companies they do offer to find a similar type of index fund.

Not sure if this helps, but hoping so. ;)

Tony
...but I still am...

Off2Aruba
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