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I am a teacher and I am currently involved in a tax deferred 403(b) annuity. I just read your info on annuities and wonder if I am investing in the wrong plan. I do not want to pay high fees. What other choices are available for me to invest in for retirement?
Thanks, b98

Talk to your human resources people where you work about all the different options for 403(b) providers. The 403(b)7 providers offer investments in mutual funds, not annuities. I moved my 403(b) from Aetna to Fidelity largely because of the fees. The difference in costs on the index fund was about 3%. Also, be aware that not all annuities are high-fee investment vehicles, especially if you are with someone like TIAA-CREF (my optional state retirement provider). But unfortunately, most annuities have high fees. Ask your current 403(b) provider for the prospectus on the funds you are invested in to find out what fees you are paying.

Hope this helps,

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