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Gina NY

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  1. Gina NY

    choosing a 403b plan

    I’ll probably leave it as is for now.
  2. Gina NY

    choosing a 403b plan

    I hope it pays off in the end. Unfortunately I’ve been in the retirement system now for 20 years, so for 20 years I was paying high fees. When the Fidelity investor pointed out the high fees recently I knew I had to make a change. If it wasn’t for her I would have been none the wiser. I had no idea I had options when it came to investing in a 403b and to this day couldn’t tell you how I ended up with American Funds. More than likely the financial sales rep chose it for me. I trusted he was working for me all this time but just last year I started getting the feeling he wasn’t. (It only took nineteen years to figure it out!) My accountant pointed out how I got taxed unnecessarily when the financial sales rep had me transfer money to a different type of account. The final straw was speaking to the Fidelity investor. That’s when I knew I couldn’t sit back and let this keep happening. He was definitely not working for me or watching out for my best interest. I understand that this is his livelihood and that this is how he makes money, but he can do that elsewhere now. Anyway, thanks to all of you for your guidance and support. You were very patient and answered every single question I had! I’m sure I’ll have more questions in the future but for now you have helped me more than I could have ever imagined. With gratitude, Gina
  3. Gina NY

    choosing a 403b plan

    I finally received my Aspire account number and I just submitted my Omni Salary Reduction form with the new changes. Thank you again for all of your help!
  4. Gina NY

    choosing a 403b plan

    We also received this notice form our union president. Do you know what it means?
  5. Gina NY

    choosing a 403b plan

    I received an email saying it will take 7-10 business days for Aspire to get back to me. For now I’ll just wait until I receive an account number!
  6. Gina NY

    choosing a 403b plan

    And thank you for all of your help!
  7. Gina NY

    choosing a 403b plan

    I was going to put in the Omni application fbut they want the Aspire account number and I don’t have one yet!
  8. Gina NY

    choosing a 403b plan

    I have the form but thought I would wait until Aspire approves everything.
  9. Gina NY

    choosing a 403b plan

    Just faxed over the enrollment application!
  10. Gina NY

    choosing a 403b plan

    Thank you!
  11. Gina NY

    choosing a 403b plan

    Hi Tony, when I fill out the form am I putting Vanguard Target Retirement 2030 (VTHRX) as 100% allocation percentage? Also, it says “must check the LW box to waive the sales charge as allowed by the fund family”. I called Aspire and the person helping me said I would know if I had to check that box. She did not know if I should check it or not. Would you know if I need to check it? If not, how would I found out? Thanks! Gina
  12. Gina NY

    choosing a 403b plan

    Thank you! I was actually in the process of filling out the enrollment form. My questions stemmed from trying to fill it out today and trying not to mess it up. Then, when a different company was mentioned I was questioning if I should continue with Aspire or stop filling it out. That’s when I started to panic a bit. What I’ll do is continue on tomorrow. I saved the form with all the info so I’ll finish it up tomorrow.
  13. Gina NY

    choosing a 403b plan

    I will look at the application again tomorrow and message you if I have any questions. You’re help, expertise and guidance is very much appreciated.
  14. Gina NY

    choosing a 403b plan

    The reason I asked about the investment strategist is because the Aspire application asks whether or not I would use an adviser. I was confirming with you, what the best choice would be. That is the reason I was asking. Also, it was suggested I choose specific funds within Aspire. Are they no longer a good choice? Honestly, I’m not sure what to do at this point. I was about to open an Aspire account because it seemed like everyone thought that was the best option for me and now vanguard is being suggested. All of this is very confusing. Quite honestly, I don’t even know what you mean by asset allocation. I have never understood any of this and all I’d really like to do is make a decision and be done with it. I asked what would be best when I first came into this forum because the Fidelity investor said I was paying high fees. Now I’m not sure which way to go. Oh boy!!
  15. Gina NY

    choosing a 403b plan

    And I will be choosing my own investment choices with Aspire? No investment strategist/money manager?
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