Everything posted by jcarlson8282
I decided to go the 457 route since it had the least fees, but now could use a little help deciding on which funds. I was planning on going with the Vanguard Total stock market as my main fund, but the MN 457 doesn't offer it. I am debating on just doing the Target Retirement 2045 fund (which is State Street Funds) or picking and choosing a variety of Vanguard funds (small, mid, large, international, and bonds)? Or even going with Aspire and paying the extra 5 basis points to have access to Vanguard Total Stock Market Fund? Any advice would again be greatly appreciated! Investment Performance Report.pdf
Wow! After doing many hours of research and trying to find knowledgable fellow teachers in the district that can help, a simple post to this forum and a few replies later, I have more information in one spot and an easy to follow plan to get myself on the right track for retirement. I plan on sharing this information with as many teachers as possible! I am going to get my 403b rolled over to a self directed Aspire account (I am free of surrender charges), as well as, setup a 457 to continue the low fee investing. I can't thank you guys enough!!!!!
I currently have Ameriprise and have just started to do a lot of reading and realized that I am paying too much in fees. How difficult is it for layman that has no experience with finances to set up and run a 403b with Aspire on his own? Right now I am paying 1.35% plus $30 a year for RAVA 5 Advantage variable annuity and for an advisor that I haven't seen or heard from in 5 years. I've seen a 5.93% growth in that time. (Is that decent? Seems low for the past 5 years) I would like to go on my own, but I don't want to screw up and have it cost me more than fee that I am currently paying. From what I've read it seems like Aspire is my best option from my Vendor list. I asked around a little about adding Vanguard or Fidelity, but I was told it is difficult because they can only have 11 vendors on the list. (Not sure why 11). Here is our district's list of 403b vendors: Any advice, tips, or information would be greatly appreciated.