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Hi Jeff,
You've got some great answers from other posters.
I am too an employee of a hospital and I also had
the same dilemma. Our 403(b) is invested in AUL
(American United Life) Annuity w/ some very high
expenses added on top of the mutal-fund-like
subaccount expenses. Remember, before you plunge
into your 403(b) paln make sure IT IS NOT an annuity.
Their selling point is that they are TAX DEFERRED.
Well, big deal!!! 403(b) is already tax deferred,
you don't need annuity to do the tax deferring!!!!

Another important point - does your hospital do
any matching? If it does - consider going for it.
It is free money coming your way and you would be
foolish not to take advantage of it.
Mine does not so I chose not to participate in
the plan.
So, in my humble opinion, if no company matching
do ROTH first.


p.s you can look up annuities and their expenses
at Go to annuities and then click on
Morningstar VA performance tools - top of page,
right side.
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