1st, thank you for hosting this great forum. I’m a first time poster, so please forgive me if I break any rules.
Background: My wife is a teacher in a NJ school district. Currently she is with Equitable and has a mix of variable annuities within her account. I’m rapidly coming up to speed on the ins and outs of these instruments and believe that she is paying extensive expense fees for these investments (>2%).
My real question is, what should we do? Her district has 3 options, Equitable, Lincoln Investments, and Valic. Valic looks to be AIG. I’ve seen some talk here about a self directed plan from Lincoln. Is that available to all NJ teachers? Is that the best choice?
Thanks again for all of your help.