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Diosanny

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  1. Diosanny

    New Teacher 403b Options

    Thank you so much EdLaFave!! You have been an invaluable resource!!!! Thank you for the link MNGopher! I was looking at it earlier but wasn't sure if I should call or not, I'll have to do that soon!
  2. Diosanny

    New Teacher 403b Options

    I think I might have answered my own question, but any additional advice on how to go about opening an IRA (I'm thinking Roth) would be wonderful!
  3. Diosanny

    New Teacher 403b Options

    Another teacher told me to sign up for an IRA and I have been looking into Vanguard. I'm a little confused because I'm not sure how to go about purchasing a fund or plan or whatever the exact term is though. I am more so digging into each option so that I have the information at hand to share with others. Since it's summer time, I have a lot of free time on my hands haha
  4. Diosanny

    New Teacher 403b Options

    Thank you so much! As I mentioned, this is all new to me so I truly appreciate your help!
  5. Diosanny

    New Teacher 403b Options

    This is what I found on the Horace Mann website after some intense digging.
  6. Diosanny

    New Teacher 403b Options

    Thank you for your opinion and advice Ed. Now I need to do research on IRAs.
  7. Diosanny

    New Teacher 403b Options

    EdLaFave - I did find your web site and read up on the information you provide. This will definitely be something I will do my best to pursue. In response to both of your questions earlier, my district does not have 457b plans or employer match. Am I forced to stick with only the authorized vendors?
  8. Diosanny

    New Teacher 403b Options

    EdLaFave and MNGopher - Thank you for your responses! I have asked about the 457b and the employer match and will report back. Also, EdLaFave, I am very interested in lobbying the district for better options. Another teacher, who is a dear friend, told me about the AXA adviser and she looked heartbroken when I told her that it probably wasn't the best decision. She is the sweetest person and a mother to all so I would like to prevent others from making the same mistake.
  9. Diosanny

    New Teacher 403b Options

    Hello, I am a new teacher heading into my 2nd year of teaching. My colleagues told me to start a 403b last year but I was little too overwhelmed with 1st year teaching jitters to start doing so, but I want to start this year. I met with an AXA adviser yesterday morning and everything seemed to be going fine, I was buying what he was selling, but then he pushed for paperwork with no time to think and alarm bells rang in my head. I decided to do my own research and found this discussion board. It seems like I was right to trust those alarms. I will admit that I have limited financial knowledge and a lot of these terms go over my head (I'm sure google is very curious with my recent searches) but I'm trying my best. I have attached the list of vendors my district provides (I'm not sure if "provides" is the right term). I looked at their websites and I'm leaning towards Kades-Margolis because they're sponsored by the Pennsylvania State Education Association (union) or Horace-Mann because I believe that's where my mom has hers. Also, and this might be a silly question, but what is the purpose of the Third Party Administrator? Any and all advice is welcome and appreciated! Thank you!
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