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profinGA

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  1. I couldn't open the attachment. Are you in the USG? I think we have really good options, actually. I have TIAA through the USG. They also offer Fidelity.
  2. Actually, you can submit the limit to the three of them independently. I know because when my husband had a really high-paying job about 3 years ago we did that (max his 401k; my 401a, 403b, 457b). I would ask your plan about HSA options. HSA are very good for tax reasons.
  3. I really like what we have now with the University System of Georgia. They have done a lot of trimming in the last year or so. Now we only have TIAA, Fidelity, and Valic and they made these three vendors offer a lot less options than before. https://www.usg.edu/hr/benefits/retirement_plan_enhancements/new_investment_lineup They have three tiers of investments, with target date funds in the first tier. People who don't make an investment choice get automatically put in a target date fund. https://www.usg.edu/hr/benefits/retirement/current-employee They also added free on-on-one advice with Captrust https://www.usg.edu/hr/benefits/retirement_plan_enhancements/important_changes S
  4. Many of the comments in the blog are about the high taxes they are paying now because of the Required Minimum Distributions (RMD). Right now, most of our retirement accounts are in my husbands 401ks (three from three different employers), my 403b, and a small amount in a 457b. We don't qualify for a deductible Roth IRA...what could we do to avoiding the tax bite that the commenters in the blog complain about? Thanks!
  5. This article in the Boston Globe is a great example of how thrift, long-term holdings, and compound interests work together http://www.bostonglobe.com/metro/2017/04/14/modest-medford-resident-leaves-multi-million-dollar-legacy-for-city-students/HUjMAYunqViDXtbDsq8hhK/story.html
  6. There are funds that outperform Vanguard. There are also individual stocks who outperform the market. But, how would you know this in advance? Doing a historical analysis and figuring this out is not a problem. How could someone 20 years ago guess that Amazon was going to become what it has become? There's no way to know in advance which funds or stocks will have above-average returns.
  7. Yes, but who could have known this with foresight? If you were an investor in 2000, looking to put your money into managed funds, how could you have known that these were the funds to choose?
  8. My university offers a 401(a) plan that has a match. Because it is not a 401(k) it is not subject to the IRS maximum, and I am only allowed to put here enough to capture the match. They also offer a 403(b) and a 457(b) but there's no match there. The vendors are Fidelity, TIAA-CREF, and VALIC,. I have a TIAA-CREF Target Date fund. Vendors, Target Date Funds, and Expenses according to Morningstar: - TIAA-CREF's Lifecycle 2040 (TCOIX) 0.44% Expenses according to Morningstar - Fidelity: I called Fidelity last month, and what they have available for employees at my university is the FFKFX fund which has a 0.67% expense ratio. - Valic offers this one: American Funds 2040 Target Date Fund (RDGTX), 0.79% expenses My question: If I could get Vanguard, the expenses would be 0.16%. Is there a way to get a lower expense ratio though Fidelity, for example buy buying Fidelity funds? I found this article but it's from 2008, and I was wondering if this is still a possibility: https://assetbuilder.com/knowledge-center/articles/scott-burns/three_ways_to_have_vanguard_at_fidelity What is the downside? I would probably would have to manually re-balance the portfolio but., is there something else I need to consider? Susana
  9. All the contributions went to T-C. I was the one who caught it when i got my W-2 this year. No one in HR or T-C has mentioned anything.
  10. Thanks, Steve. I'll notify my employer on Monday about the overcontribution. I notified TIAA-CREF but they have not replied yet. For the excess contribution in 2013, i think i'll find an accountant. Adirondack, these two accounts are with the same university. We are not allowed to contribute the annual maximum to our 401k, only an amount that allows us to capture 100% of the match. That's why I decided to open a 403b. When combining my contributions to the two accounts, I am over the limit.
  11. Hi all, I am so happy I have found this forum! I graduated relatively recently, and started working at a university. Due to my many years of schooling (and lack of planning while a grad student), I am way behind in my retirement contributions. I got overly aggressive, and now I have found that I over-contributed to my retirement accounts (401k + 403b combined). For what I have read online, I am still on time to correct the mistake for 2014 (withdraw the excess contribution plus any earnings, pay the taxes). My question is, what should I do for the over-contribution to 2013? I am so worried...all the cost-cutting, and penny pinching may have been for naught. Thanks, Susana
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