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JillDavis

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  1. I was reading my Bogleheads book and it mentioned that for people with bad 403B options that a 90-24 transfer MIGHT be possible into a brokerage of your choice. Does this still exist and has anyone done it?
  2. How much are your self direct fees? Mine is with Plan Member Direct and is an added .35 fee. :(
  3. Hey! I think I have decided to take the plunge and max out my 403b. I am really excited to up my savings rate. How many others are maxing out their 403bs? Even with the crappy .35 charge that Plan Member Direct charges, I have so many awesome options with Plan Member for low cost Vanguard and Fidelity funds. I am very excited!
  4. Right - so yes - he has that S&P .22 fee in his 401k. His HR department was telling him that the .22 is the total expense ratio he will pay. (no other fees)
  5. Mass Mutual's basic cost of their S&P 500 Index fund is no doubt less than 0.12%. Mass Mutual adds to that basic ER, depending on various factors. The R5 share class is next to the lowest but no doubt MM is still making money. Share Class Ticker Gross Expense Ratio Net Expense Ratio I................... MMIZX.......... 0.12%.............................. 0.12% R5................ MIEZX.......... 0.22%.............................. 0.22% SVC............. MMIEX.......... 0.37%............................. 0.37% ADM............ MIEYX........... 0.47%............................. 0.47% A.................. MMFFX......... 0.72%............................. 0.72% R4................ MIEAX........... 0.62%............................. 0.62% R3................ MMINX.......... 0.87%............................. 0.87% http://wwwrs.massmutual.com/retire/mmfunds/mm_sp500_indexfund.html Whether there's an additional fee to the 401k plan is a different question. His HR department should be able to provide a copy of the plan and all its fees. Right - so yes - he has that S&P .22 fee in his 401k. His HR department was telling him that the .22 is the total expense ratio he will pay. (no other fees)
  6. Ed - you are great and thank you for all your help! And thanks to everyone else too! On another note, I had my husband call up his 401k for his corporate job and his 401k is through Mass Mutual. I was holding my breath because I figured their charge would be crazy! But they told him there was no charge to use Mass Mutual?? What??! For example, one of the S&P indexes for his 401k has an ER of 0.22 so I guess that's truly the total ER? My 403b as you know for Plan Member AUM charge is 0.35 for self direct option. Just trying to figure out how Mass Mutual is able to charge nothing???
  7. Wow. That's true. I do get access to admiral shares and I do plan on using different funds as I am implementing Paul Merriman's Buy and Hold Strategy so this does make me feel better! Thank you!
  8. My husband and I are in the 25% tax bracket. (hubby makes six figures). No - Florida does not have state income tax. And I hear you on the for-profit businesses - my husband's 401k options are terrible - even higher expense ratios. I guess it still bugs me to pay Plan Member Services .35 AUM fees to do NOTHING. I don't even get an advisor for that. It's the self direct option. And I have always wondered that question - at what point, is a fund considered "worth using". This is more for my hubbies 401k options as his options have even higher fees. I know the most important things are looking at if the fund has beat the index, low turnover, and historically a good asset class. I do have to admit - I am excited at some of the funds that Plan Member Offers. I see a lot of low cost Vanguard funds which I can't get through my husband's employer so there is a positive. An even bigger positive would be to not have any AUM fees and do it direct through NEA, Vanguard, or Fidelity, but one step at a time, I guess! I am jealous of you that have those options! I guess next step would be for me to be an advocate. :)
  9. I was considering maxing out my 403B (up to the limit of 18K) to get all those pretax benefits, but not sure if that is the best idea since there is an .35 AUM charge. Yes, it definitely might be smart to max out the ROTH IRA first. I guess I wish there was a calculator that would tell me if it is best to max out the 403B FIRST (even with the AUM charge) and then do the Roth IRA or the other way around? And thanks for the link on the 457 plans! I don't see Florida on there. :( I asked my employer (Florida Virtual School) and they said they don't offer a 457. :(
  10. Hi there! So glad to have found this site. I was curious on your thoughts for what you did if your 403B doesn't have any "true" self direct plans. The cheapest option I have available I believe is Plan Member Services. It has a .35 AUM fee. This just really sucks! I love the low cost Vanguard options but tacking on these AUM fees just defeats the whole purpose! I guess the pretax benefits still might make it worth it. Just curious if I should max out my ROTH IRA first and then contribute to my 403b. I don't get any match with my 403B. Here are the other vendors provided to me: - Valic -American Century Investments -AXA -Plan Member Services (.35 AUM fee) -Waddell and Reed -Suncoast Trust and Investment Services (.9 AUM fee)
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