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mwaters45

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  1. Hi Joel. Expense ratio on my Metlife annuity is 1.25%. The Investment Provider for the new 403b, 457b, and the Roth 403b is Nationwide through OCTFCU and the expense ratio is .25%, so I'd be saving 1%. What I did find out by calling Metlife is that the Variable Annuity (Fixed Int Account) was set up as a "contract". The contract term was 7 years, and if I was to retire after 7 years of making deposits, I could only take out the deposit I made the corresponding month 7 years earlier. For example, say I started my account on 5/07/2001 with a $200.00 monthly contribution. I would have to wait until 5/7/2008 to withdrawn any of it, and then I would only be able to touch the $200.00 I contributed 7 years earlier during that same month, once taxed, I might get $160.00 of it. I was like "what"? :-) I am learning so much throughout this process. Thanks all.
  2. Good evening all. I work for a school district in Southern California. I am not a teacher. I have an appointment with an OCTFCU representative on Wednesday to decide about opening another 403b (I have an existing one through MetLife), a 457b, and a Roth 403b. Has anyone had any experience with them? Up-front group, any hidden agendas? Please advise, and thanks. This a a great place, I am learning so much and look forward to continuing my education here. Take care.
  3. Good evening all. I work for a school district in Southern California. I am not a teacher. I have an appointment with an OCTFCU representative on Wednesday to decide about opening another 403b (I have an existing one through MetLife), a 457b, and a Roth 403b. Has anyone had any experience with them? Up-front group, any hidden agendas? Please advise, and thanks. This a a great place, I am learning so much and look forward to continuing my education here. Take care.
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