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krow36

457B State Plans for K-12 employees

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Iowa has a low cost 403b plan available to K-12 employees.

Iowa state 403b plan: https://das.iowa.gov/sites/default/files/hr/ric/403b/documents/AAG_ERE.pdf

Core Investment providers:HMann, MassMutual, VALIC, VOYA: all low cost;

their fees: https://das.iowa.gov/sites/default/files/hr/ric/documents/prod_fees.pdf

Also uses 5 “Optional providers”, SB, AXA, Lincoln, EFS and Great American., fees/load add up to about 1.0% or more. No bargain.

their fees: https://das.iowa.gov/sites/default/files/hr/ric/403b/documents/AAG_ERE_OP.pdf

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Aloha!

 

Here is Hawaii's 457b: "You are immediately eligible to join the Island $avings Plan if you are an employee of the State of Hawai'i, County of Hawai'i, County of Kaua'i, County of Maui, Wai'alae Elementary Public Charter School, Department of Education or University of Hawai'i which belongs to the Employees’ Retirement System (ERS)."

 

http://islandsavings.preparewithpru.com/about-the-plan.html

 

The "getting started" page: http://islandsavings.preparewithpru.com/getting-started.html

 

And the investments that are available: http://islandsavings.preparewithpru.com/investments.html

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Thanks, krow36 will be happy.

 

BTW it's been years since I visited your beautiful state. I will be making a return visit soon.

Aloha to you!

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Thank you Imua808! I've added HI's excellent 457 to the list. I just returned from 3 months cruising in coastal BC in our 28' sailboat. Ahh, retirement!

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Thank you Imua808! I've added HA's excellent 457 to the list. I just returned from 3 months cruising in coastal BC in our 28' sailboat. Ahh, retirement!

Sounds awesome! Our local yacht club offers sailing classes from time to time, I've always been curious, but my schedule never seems to line up. Maybe after I retire!

 

And just a quick correction, Hawaii's state abbreviation is HI.

 

Mahalo!

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Hey Imua,

 

Sometime next year, I will be visiting HI. I have not been there in 30 years, when Dan, my late hubby, and I ran the Honolulu marathon in 1987.

I will probably just stay in Oahu at a swanky ho tel (as krow36 said "Ahh, retirement!"). I have visited all of the islands before.

 

If you reside in Oaho, let's met for lunch. Now that's thinking way ahead!

Steve

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