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Hello All,

I work at a Northern Arizona University, which does not provide matching funds for retirement savings on 401Ks etc. We pay into a mandatory state savings dealy-wop, which is matched by the university (thank you Jesus); but, it doesn't pay much after retirement.

So I took out an account with ING, withholding $600 every two weeks from my paycheck, now that I'm divorced and my kids are grown and I'm pretty frugal, riding my bike to work and limiting purchases to necessities etc. I paid in about $2000 from my Valic account (which actually *lost* me money -- that's right *lost* money) during the bear market over the summer. In short, ING has done very poorly. I should have seen a decent gain in my value given the recent upturn in the market following the Feds' lowering of interest rates. But ING has done about as well as a standard passbook savings account at a local bank, without being FDIC insured, no less.

I'm wondering if there's a 403(b) plan anywhere that's worth a damn? I'm thinking I'd do a lot better if I just took the money and invested it in index funds on, which was recommended to me by the fool, and which I've been pretty happy with.

Any comments, suggestions, insights?

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