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  1. Thank you all for responding to my post! For clarification, I live in California, and my Roth IRA is invested in a 2055 Target Retirement Date with Vanguard. I definitely need the tax break from enrolling in a pre-tax retirement vehicle. My question is now whether it’s stupid to open a 403b and invest in another target retirement date mutual fund. If the market were to crash, it would negatively impact both of these retirement vehicles. I guess I’m not sure what other 403b options are available to me that would be safe yet still result in a similar ROI like my Roth IRA, which is currently at a 10%+ return rate since its inception. Here are the options available to me through our 403b vendors: CalSTRS Pensión 2 AIG: Portfolio Director Choice Series 5 Fixed and Variable Annuity Nationwide: Kern Schools Federal Credit Union 457(b) 403(b) 401(a) Retirement Program Vanguard USAA Mutual FundS: Victory Capital Management, Inc. Fidelity And more...but those are the cheapest plans available. Recommendations, please! -Craig
  2. Okay, so here's my current situation: I am 31 years old, and I have been working in education for three years now. Fortunately for me, I just paid off ALL of my student loans (WOOHOO!). Now that I've paid off my student loans, I would like to invest this money towards retirement. I have NOT opened a 403b or a retirement account within my school district (AVUHSD); however, I did open a personal Roth IRA with Vanguard a few years ago, and I continue to max it out each year. I chose to first go with a Roth IRA because it is a post-tax contribution, which would help to balance my pre-tax pension when it comes to retirement. Today I was told by a "retirement adviser" that if I were to continue to work in education and retire at the age of 65 I will receive 91% of my salary in retirement. After hearing that I had a Roth IRA, he then made it sound like I should open a retirement vehicle that mimicked the S&P 500 and that would guarantee me a certain return in order to avoid having all of my retirement vehicles be attached to the stock market. I'm not going to do this because I did some research and it sounds like that's a terrible idea. However, I'm not sure what else to do beyond my Roth IRA. Should I open a 403b with Fidelity or Vanguard through my employer's providers? Should I try to invest in another way outside of the stock market (i.e., real estate, other retirement vehicles that I don't know about, etc.)? Is it okay to have both a 403b and a Roth IRA both being invested in the stock market? What happens if the market were to crash as I go to retire with both of these vehicles being attached to it? I appreciate anyone's time for being willing to answer my questions! Thank you! -Craig
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