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  1. “The recent volatility in the stock market can make older investors feel vulnerable. Here are some strategies to make sure your money lasts as long as you do.” Another excellent NYT article by Tara Siegel Bernard. https://www.nytimes.com/2019/01/07/your-money/stock-market-retirement.html
  2. krow36

    2018 was suboptimal.

    Steve has an annuity with TIAA that they call "Traditional Annuity". It is really more like what we usually call a "Stable Value" fund, and is similar to a low-cost Fixed Annuity with an unusually high annual interest rate (but with no surrender fee or M&E fee). TIAA guarantees the rate for the year ahead (and past?) and has a history of keeping the rate higher than most stable value funds. There are several forms of TIAA's Traditional Annuity, some of which require distributions to be spread out over 10 years. Steve's version can be withdrawn without restriction. My wife has had a TIAA Traditional Annuity in her 403b account now for about 40 years. I would prefer she roll it over to Vanguard and use Total Bond Index fund instead, but it's her call.
  3. Hi Tony, Not really AWOL, I've been here, reading posts and links, just not checking in, or commenting. Been spending time on Bogleheads. Will try to mend my ways.
  4. The Callan Table is always interesting! 2018 is the only year for 19 years that "Cash Equivalent" was at the top!
  5. Ed's link that Steve supplied works for me. Here's another thread that discusses getting started with Security Benefit's Direct Invest:https://www.bogleheads.org/forum/viewtopic.php?f=1&t=260609 Most posters do not encounter the problems described in those threads. Signing up is usually just a matter of signing up online, confirming to SB that they (SB) are on the district's 403b provider list, and filling out the district's (OMNI'S?) salary reduction form. Some posters have had to make phone calls to SB to move things along.
  6. krow36

    457 and 403B combined limits

    You can contribute 19k to both your 403b and 457 plans in 2019. In addition you can contribute 6k to your Roth IRA. The IRA limit is separate from the employer plan limits. If you are over 50, there's a 6k catchup allowed on both the 403b and the 457 plans, and a 1k catchup on the Roth IRA. Hopefully you have low-cost vendors for your 3 accounts.
  7. krow36

    Nationwide are they on my side?

    It sounds like your wife's Lincoln plan is certainly worth using. If it was an annuity based plan, the true total fees would likely be much higher than 0.35% + low ERs. Maybe you can join the school committee that decides on the vendor for your school? In addition to a low-cost 403b vendor, both schools deserve a low-cost 457 vendor. If there's a Third Party Administrator that's involved in the selection process, that also needs to be checked out. A TPA can be paid by the school district, or by the employees, or by the vendor. There's lots of opportunity for a conflict of interest. I would also be interested in the union's input into the vendor selection process. If you knew that you were moving school districts within a few years, you might justify maxing out the Nationwide 403b plan, using the one Vanguard index fund. On leaving the district, you could roll it into either an IRA or a good new 403b or 457 plan. I wouldn't bother if the contribution could only be about 5k/year. Just use Total Stock Market Index in a taxable account dedicated to retirement or possibly the kids' college expenses. It's fairly tax-efficient.
  8. krow36

    Nationwide are they on my side?

    I think you mean your schools are NOT on the 457 list? It's hard to believe that a school or union would pick the Nationwide 403b! I wonder if they knew anything about the importance of fees? What is the name of the Lincoln plan? There's a Lincoln Investment that offers 403b custodial accounts with mutual funds, and a Lincoln Financial Group that offers annuity-based 403b options. Which do you have?
  9. krow36

    Nationwide are they on my side?

    Are they charter schools, run independently from the school district? There is a 457 Deferred Compensation Plan for Indiana state, county, city, etc. employees. I don’t see any school districts listed. https://www.in.gov/auditor/hoosierstart/1885.htm Are your salaries and pensions paid through the state?
  10. Here’s a very thorough article on financing college by Tara Siegel Bernard. She starts with the topic: Retirement vs College. https://www.nytimes.com/guides/business/how-to-save-for-college
  11. krow36

    Nationwide are they on my side?

    Welcome to the forum! I would say that Nationwide is NOT on your side! I would definitely choose your 403b instead of her Nationwide 403b, if the fees are significantly lower. Are you sure you don't have a vendor that is better than Nationwide? How about posting the complete list of 403b vendors? What state are you in? Several dozen states have low cost 457 plans that teachers can contribute to in addition to (or instead of) their 403b plans.
  12. krow36

    W. Scott Simon M* 403(b) articles found!

    Thanks very much Steve! Simon is a professional ERISA lawyer who writes columns for Morningstar. There are several on 403b problems that include a long interview with Steve.
  13. krow36

    Having trouble getting 457 plan added

    OK JAM, thanks for filling in the picture. That's great that you are trying to spread the word on a better 403b and 457 plan. I guess such a small district gives you a small number of HR folks you have to deal with, and that's an advantage? Again, just be persistent with gentle, polite pressure. I think the district will soon realize that they know how to deal with the Lincoln Investment 403b and also with 457 contributions (to AXA). And that the easiest way to get you out of their hair is to put Lincoln Investment on their 457 vendor list. Have you read the NY Times article on the AXA 403b for K-12 teachers? You could consider giving a copy to the decision maker? It's the 2nd article in the series. Of course the whole series is great and I wish I could put copies in every teacher's staff room! https://www.nytimes.com/2016/10/27/your-money/403-b-retirement-plans-teachers-brokers-fees.html
  14. krow36

    Having trouble getting 457 plan added

    If you've got someone in the system that is working with you, that's great! It seems to be common that these changes take some time. It's obvious to you and us that there's an injustice that needs to be corrected ASAP, but those in a position to make the correction don't understand, and inertia allows them to procrastinate. You need them to give them time to realize that your cause is just, and that you won't give up. If you can get the change to happen without loosing your cool, it's likely to happen sooner. Keep in mind that what you are working for is what's fair to teachers. It seems likely to me that the pushback will give in if you keep up steady pressure. It might help if you can recruit another teacher to make your point. It seems like it should be so easy, doesn't it?? The district already is 457 plans on their vendor list. Lincoln Investment PCP is on the 403b list. The PCP also has a 457 plan for not additional admin fee to the teachers. They probably sense that they have to give in, but don't like being "pushed around" by the district employees. Keep the pressure up and maybe give them a big bouquet of flowers when it happens? I don't understand your comment: "When speaking with some one at Lincoln they could understand why it’s not available at my district." Did they explain why they think it's understandable that 457 PCP isn't available in your district? Perhaps there's no-one using the 403b PCP? If so, that's sad. Maybe you will spread the word? Keep in mind that the K-12 403b plans were all originally annuity based. The low-cost internet based plans using custodial accounts were all added after some teacher worked to get them added to the vendor list. 457 plans are a recent addition and your district is ripe for some teacher activism! You are doing great to get the 403b PCP started, so spread the word on that!
  15. krow36

    Having trouble getting 457 plan added

    JAM, that's great that you have the Lincoln Investment Participant Directed Platform (PDP) set up for your 403b! To get the 457 PDP added to the 457 vendor list, you may need to go over the head of the business admin person. Was the "person" the chief financial officer? If not, you could write or talk to the CFO. If it was the CFO, then find out who's over her/his head. One of the BH posters quoted a Lincoln Investment staffer saying that the PDP is required by "law" in NJ (?) and another has said that the NJEA was involved in setting it up (?)! You could ask the NJEA on the state level for advice on how to get your district to add the 457 PDP. There must be some secret arrangement between Lincoln Investment and somebody that allows the PDP almost exclusively in NJ. Please update us on your progress in getting the 457 PDP added.