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MNGopher

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  1. MNGopher

    Aspire or NEA Direct Invest

    Great news for you! The 403B(7) is non-annuitized and is a much better option for you for all the reason krow36 mentioned, plus I would assume, no surrender fee, and in general just easier to track your investments and performance. The "sub accounts" of traditional 403B annuities are very confusing and difficult to track what you are actually invested in.
  2. https://clark.com/insurance/variable-annuities-vs-life-annuities-by-the-number/ Not a new article, but pretty much straight to the point.
  3. MNGopher

    Aspire or NEA Direct Invest

    When I switched my 403B to Vanguard the paperwork was called an exchange/transfer form. For mine it did require a signature of Third Party Administrator, so I had to mail it to them with a SASE and they forwarded it on to Vanguard. I'm not sure that every custodian has the same requirements though.
  4. Good response. His title reminds me of Dwight from The Office.
  5. True, but I have more in taxable then 403B (because of bad 403B choices most of my career), so I figure I might as well spend that first (pre 59.5).
  6. MNGopher

    New Research Casts Doubt On Rebalancing

    I read an interesting post on Bogleheads the other day. The poster was early 50's with a 50/50 allocation. He said that he only rebalanced one way, meaning that when stocks appreciated and hit his band, he would sell and buy bonds to get back to 50/50. But if stocks dropped, he wouldn't sell bonds to buy stocks. He just left it alone and continued to make his regular contributions as normal. I believe he had something like 20 years of minimal spending needs in fixed income, and wanted to keep it at that level.
  7. The woman in the example in this article (Susan) has about the same pension and social security payout that I am projecting for myself. I don't have anywhere near a million in tax deferred and I plan to retire at 57 or 58, with the help of taxable savings between age 57-59.5, 403 B between 59.5 and full retirement age (67), and Roth whenever extra is needed. I would question why she would work until 70 with that much deferred and a good pension only to start huge RMDs immediately. I would have retired sooner! I realize she is probably just a hypothetical example to make a point.
  8. MNGopher

    New Research Casts Doubt On Rebalancing

    ^ Agreed. I don't expect rebalancing to necessarily improve performance in the short term. I expect it to keep me at my desired risk tolerance which hopefully works out well long term.
  9. MNGopher

    2019 YTD return--January is good!

    Thanks, I will check out that m* feature.
  10. MNGopher

    2019 YTD return--January is good!

    Vanguard won't figure my 403B (now managed by Newport Group) in with my other Roth and taxable accounts. 403B is up 4.9% ytd thru 1/30/19 Roth and taxable are up 6.2% ytd thru today 1/31/19. I'm feeling good about maxing my Roth on Jan. 2 instead of DCA for the first time.
  11. Not a problem. I get suspicious of any investing product that is offered by an insurance company, especially one that has ripped me off in the past. In this case it appears the OP has good options in his plan.
  12. Yes, of course they are different. As you yourself noted though, he didn't specify that he was with a medical organization and not K-12 in his initial post to which I was responding. I don't know anything about medical employee plans, but I would assume it is still wise to investigate all fees.
  13. Just that insurance companies like Valic tend to hide fees and expenses that you wouldn't get when investing directly with a mutual fund company like Vanguard. Perhaps they are more transparent now than when I dealt with them, and your plan could be much different than mine. I just remember that the Vanguard funds offered to me through Valic were about .70-1.0% higher expense ratios than going directly through Vanguard. Sometimes they will tie in death benefits or other insurance nonsense with their investment products.
  14. Vanguard total bond market index (VBTLX) is an excellent bond fund choice, and if you can get it at .05 expense ratio, without a big load fee of some kind, is great. Most of the Vanguard funds appear to be at their normal price offered when purchased directly from Vanguard. The question is, what other wrap around fees may be involved?
  15. I contributed small amounts to a Valic 403B for more than a decade. Starting 15 years ago my K-12 employer started offering a match of $25/pay period or $600/year, which also went into the Valic account. I knew it was a bad option, but figured it was better then doing nothing, so I contributed to it while also doing a Roth IRA. About 5 years ago my employer added Vanguard and Fidelity to our approved vendor list for 403Bs. I immediately started a new 403B(7) at Vanguard, while stopping any new contributions to Valic. The Valic account had a 15 year surrender penalty period, which was almost over, so I just waited it out before doing the exchange to my Vanguard account of about 90% of my 403B value. I am in the process of now exchanging the last 10%, which was the employer match portion, and has just now also passed 15 year since started. If you think your employer will have better options added in the future, it may be worth "holding your nose" while contributing to Valic, knowing that you can do a 403B to 403B(7) exchange in the future. Or if a job change is in your future, you should be able to make a transfer/exchange to the new employers plan.
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