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Gardner

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  1. With the new regs, my employer has removed all of the decent provider options. The remaining options are all high-fee thieves. Now that I no longer have the realistic option of contributing to a 403(b), what other retirement investments should I be exploring? (I currently contribute to and max out a Roth IRA so that is not an option. ) Thanks to everyone in advance.
  2. Equi-Vest? Dear lord. Good for you for getting out from under their thumb. Snake Oil through and through (Recently switched from an equi-vest 403(b) to a vanguard 403(b)(7))
  3. Odd. According to 403bcompare.com, the AXA Equitable EQUI-VEST (Series 200) 403(b) fund has expenses of 1.34 percent. 1.34 is by no means 'low', but I thought it was much higher than that. Am I missing something?
  4. Re: How To Get Out Of A 403(b)? I was pleased to learn that my wife's employer offers Vanguard as a 403(b) vendor option. I was even more pleased to learn that Vanguard offers a 403(b)(7) option. According to www.403bCompare.com, that option (using Vanguards 500 index mutual fund) has an expense ratio of 0.18%. It sounds great. Before I continue to do some more research, I was wondering if anyone here has had any experiences with Vanguards 403(b)(7) accounts, good or bad... Also...Below is a list of the other available 403(b) vendor options. Are any of these worth having a look? American Funds Ameriprise Financial (American Express / IDS) American General Life Insurance Company Citistreet/H.C. Copeland and Associates AXA Equitable First Investors Corp. Great American Life & Annuity Company ING Life Insurance and Annuity Company Lincoln National MetLife Investors Group NEA Valuebuilder Annuity New England Financial Paul Revere Variable Annuity Insurance Company Phoenix National Insurance Company Putnam Trust Company Reserve Financial Agency Corp. Vanguard Group Variable Annuity Life Insurance Company Also, is there an online calculator that will allow you to punch in a fund's expense ratio, your contributions to it increasing by a percentage per year, and get the resulting value in 30 years?
  5. Here is anyother 'interesting' problem I have run across. As I have mentioned, we would like to start directing the money that is currently going to the 403(b) into a ROTH IRA. I have been told by many people that Vanguard is the best bet (lowest expense). The problem I have run into is that Vanguard requires THREE THOUSAND DOLLARS upfront to start an IRA. We can't pull the money out of the 403(b) and move it to the IRA and we don't have 3 Grand just sitting around. Talk about a being between a rock and a hard place. I am really upset that Vanguard would require three thousand dollar to start an IRA. Are there any companies that have similar low expense IRAs but don't require this amount to start?
  6. Sir, Thank you tremendously for taking the time to address my question. I truly appreciate it. The information you provided was both helpful and enlightening. Thank you
  7. I am somewhat recently married (1 year). I just discovered that my wife, who is a teacher, started a 403(b) about two years ago with AXA-Equitable. I looked through the fine print and it is HORRIBLE! The fees are outrageous. Oh, we are both 28. After doing some more research (of course), I want to help her leave her 403(b) and move to something better like a Roth IRA. My questions are: Is there a way to "roll-over" the funds in the 403(b) into an IRA run by a different company (I don't trust AXA-Equitable after seeing the financial-lemon they sold to her)? If so, how does one go about doing that? Does she just call up her AXA rep? If not, what would you suggest doing? Simply stop placing money in the 403(b), consider it a sunk cost, and hope that maybe some growth will occur over the next several decades? Any thoughts would be most appreciated. Thank you Oh, and as a followup question. My philosophy is that anyone who claims that they are able to "beat the market" is either a liar or ignorant. I prefer to invest in a basic S&P 500 index in a fund with the ABSOLUTE lowest fees. Which institution has the lowest fees nowadays? Is it Vanguard? I keep thinking of additional questions... Sorry 'bout that. :-) Anyhow... It is my understanding that with a Roth IRA you can only contribute $4,000 per year per person. If she was able to contribute more than that, what would you suggested... just placing ever dollar above the 4K in a NON-ROTH IRA? Thanks once again
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