No. of Recommendations: 1
403b plans are special plans set up for non-profit organizations. Since there is no company stock, the 401k rules which provide for the issuance of company stock do not apply.

Get in touch with the pension and 403b administrator and ask some important questions, like

(1) What are the terms of the pension plan? What do you get when you retire? What happens if you quit before retiring? Is there a cash benefit that you can roll over to and IRA?

(2) Same questions for the 403b, except that you can roll over a 403b to an IRA. Ask about the available mutual funds, whether or not they have loads, etc.

(3) With respect to TIAA-CREF, there are different options. You do NOT want the option that requires you to take the money out as an annuity. I have a bit of TIAA-CREF which required that - I had no choice. It is a very small amount of money, and gives be about $100/quarter. Remember that you can always buy an annuity if you want, but you should really want to take control of your money when you retire, and the best way to do that is to roll everything over to an IRA and profitably trade stocks and/or mutual funds.
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