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ruv12 -

You said: "My husband is offered a 403b plan through his work. He is a teacher. Do we have to have a licensed person set up this account. Is there usually a fee? If so how much?"

A 403b/TSA is a retirement savings plan offered to public school & non-profit employees. As an eligible employee, your husband may have salary reduced by as much as 20% to a limit of $10,500 (whichever is less) & contributed into the plan. Some employers sponsor one vendor/provider & some allow several. The plan representative is licensed by the state & also the NASD (if variable products are offered). Surely you should meet with a rep to learn the full details. The fee paid to the 403b/TSA provider & the rep come from the fund charges outlined in the prospectus. Read it.

Good luck & happy investing, PP
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