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Author: ptheland Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 79718  
Subject: Re: new to this board... Date: 8/6/2006 6:18 PM
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It 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?

Perhaps. But take a look at this post before deciding. http://boards.fool.com/Message.asp?mid=24434408 If your investment choices in the 403b are bad enough, it might cost you more in fees and expenses than the $400 matching contribution.

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.

I agree that an IRA is a good idea. Here's the thing with IRAs - you are completely and totally in charge. You can open an IRA with a bank (or credit union), or with a stock broker, or with an insurance company (yucky - but it's possible), and probably a few other places. You can invest in almost anything you like.

As far a being competitive goes, the key is to look at the account fees. My basic thought is to just say "no" to fees. There's no reason to pay any ongoing maintenance fees. Transaction fees are ok, but should be minimal compared to other similar choices.

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