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CSC

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  1. Although I feel this is splitting hairs and I have never heard anyone say they did not meet their financial goals because they did not have a tilt towards small cap value in their portfolio, I think there is some good academic research that makes it worth considering having a small tilt to a small cap value index fund. See studies of Fama and French. Fees however must be considered as always.
  2. CSC

    Please retweet this

    I can do that and I have done that. As you know many people don't care or don't listen. The representative that sponsored this bill has said it is to open the marketplace. So I want our politicians to answer if it is truly open.
  3. CSC

    Please retweet this

    I have my doubts as well, that is why I asked for clarification/interpretation.
  4. CSC

    Please retweet this

    Darn, that was a typo. It is 2820. I'm aware of the fact that some of the republican politicians will do this, but to say they all will I think is wrong and I'm not giving up.
  5. CSC

    Please retweet this

    From HB2820 An educational institution may not: (1) except as provided by Subdivision (8) of this subsection and Subsection (b) of this section, refuse to enter into a salary reduction agreement with an employee if the qualified investment product that is the subject of the salary reduction is an eligible qualified investment and is registered with the system under Section 8A; Some school districts are keeping teachers from investing with Vanguard or Fidelity, which have the lowest fees and forcing them instead into plans with high fees.
  6. Would really appreciate it if people would retweet this. Maybe if enough people do I can get an answer from our representatives.
  7. I deleted the bond and international funds I had listed here because after looking there are some cheaper ones. The Fidelity® Total Market Index Fund FSKAX is .015%
  8. From my research the zero fee funds are not available in a 403B. These are the funds that Fidelity offers through in a 403b: https://pcs.fidelity.com/public/netbenefits/planfunds/performance?plan=95924&client=99999
  9. CSC

    Helping a Teacher

    That is cheaper than the pricing that I was quoted from Vanguard. Of course with NEA Direct Invest you don't have access to all the Vanguard funds, but you don't really need all of them. This is what I have found in my research on pricing. Please correct me if anyone has found out something different. Fidelity: $24 annual maintenance fee $24 fee that goes to the TPA Plus the mutual fund expense ratio Vanguard: $60 per year for the record keeping fee. Vanguard now uses newport group for their record keeping. (I'm assuming the TPA fee is included in this price) Plus the mutual fund expense ratio NEA Direct Invest: $35 Administration fee on balances less than 50k, no fee above 50K Plus the mutual fund expense ratio
  10. CSC

    Helping a Teacher

    Thanks Tony. I'll try the SS# also if she wants to do that. I'm going to show her the fees associated with NEA and Aspire and then what penalties she would have if she withdrew completely. I'm just trying to show her all her options and let her decide. She has contributed so little she would only pay a few hundred dollars with the 10% penalty and taxes. It's her call. I will say it is difficult for me to believe that the only fees with NEA Direct invest are $35 admin fee per year and the Mutual fund expense ratio. Are you all sure there are no other fees? Another concern I have is investing with a company that seems to be so incompetent when I call them and they can't give me any answers. All the more reason for us to keep pressing for Fidelity and Vanguard.
  11. CSC

    Helping a Teacher

    I will. I am doing this for a friend so they would have to agree to it, but I am still going to try and get the plan ID even if my friend decides against NEA Direct Invest. My coworker has not contributed very much at all thank goodness, so she may just pay the penalty and put it into a Roth IRA instead. I am also working to try and get our district to change our TPA so that we can invest directly with Fidelity and Vanguard, but that process is moving very slowly and I may never convince them unfortunately. I'll write more about that saga in another post.
  12. CSC

    Helping a Teacher

    The TPA representative didn't even know what a plan ID was. They tried to give me the school district's tax ID number. When I called Security Benefit they tried to look it up by the school district name. I am going to try again after the weekend. Hopefully I will get different people on the phone.
  13. CSC

    Helping a Teacher

    Thanks ED. I'm having trouble getting anyone from my school district or Security Benefit to give me information. Security Benefit says they need the Plan ID from the school district to tell me about it. The School district doesn't know what the ID is or what they are talking about and sent me to the third party administrator. The third party administrator acts like they don't know what it is. Imagine that. I'm going to keep trying though.
  14. CSC

    Helping a Teacher

    I called Aspire today they charge $40 Maintenance fee per year. They also charge .15% (15 basis points) on the total balance of your account. Then you have the mutual funds expense ratio depending on what you choose. Investing directly with Fidelity or Vanguard would be better, but we don't have that option. I'm going to look into the NEA direct invest also.
  15. CSC

    Helping a Teacher

    I don't believe they have anything to do with Fidelity Investment company. I think this insurance company is using the word "Fidelity" in their name to try and trick people into thinking they are associated with Fidelity Investments. Notice how they use the green color on their website also. https://www.fslins.com It's looks kind of like McDowell's to me;-)
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