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I appreciate you answering my questions so thoroughly and in simple terms. I now feel like I have enough information to present to my CEO why a change would be useful.

I do have a few thoughts/questions.

If, for example, we went to a 403B (without the annuity component), what kind of fees would we have? For example, my 500 Index in Vanguard has that .18% fund expense, as you mentioned. If a business had their 403B through Vanguard, should I expect that the above expense in the same fund would stay the same, or would it increase? Additionally, would there also be a administrative fee? Any other fees that a typical 403B would have?

When I said "house fund", I was referring to savings to purchase my first home, which I hope to purchase within the next year. Sorry, I didn't explain that! I have been putting the majority of any additional "house savings" (monthly deposits,) into an ING savings account, as I understand that this would make more sense. However, I have been putting a small deposit, monthly, into my 500 Index toward this savings goal. After reading about how these additional deposits would qualify as "short term capital gain" (taxed as ordinary income), if I withdrew it within a year, it makes sense that I immediately stop these deposits. Right?

In the meantime, besides market risk, is there any other downside, financially, to leaving the rest of the "house fund" in this account until I am ready to purchase my home? Actually, I guess that the more the money grows, it means that much more money would be taxed at 15%. I would have to make over 17% on the investment in order to beat the 2% I would get at ING (after losing 15% on the withdrawal from Vanguard). Am I looking at this correctly?

Again, I appreciate the help. Sorry so many questions!
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