No. of Recommendations: 1
It sounds like your options are limited due to a "hold harmless" agreement that your employer requires its vendors to sign. I am in the same boat, since my school district will not allow me to invest in a 403b with someone who is not on our approved list.

Check around and see what other options are available. It is important to remember that 403b's invest in annuities while a 403b(7) invests in mutual funds. A 403b(7) may well have lower fees than the 403(b).

If you are permitted to invest your 403b(7) with Vanguard, I suggest that you strongly consider them. They have some of the lowest fees around, which will enable you to put all of your money to work right away. You may want to check out TMF Pixy's views on annuties at post #11725 on this board.

Hope this helps. Please post back if you have more questions.

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