I checked on my wife's deferred comp plan offered through her employer (San Jose Unified). It is administered through Tax Deferred Services, Inc. (TDS) and she can invest in either annuities (variable, indexed, fixed) or mutual funds through a 403b or 457 plan. My preference would be to invest through the 457 plan in mutual funds rather than annuities. However, I have subsequently learned that in order to invest in mutual funds, they must be through risk adverse managed (RAM) accounts. The RAM account fee structure is 100 basis points and $36 annually. To avoid these fees, I am thinking she should open a Roth IRA with someone like Vanguard and completely avoid her employer's deferred comp plans.
One last wrinkle is that she has small balances in CalPERS and the Savings Plus Program for Part-time, Seasonal, & Temp Employees (a 457 plan) that we would like to consolidate somewhere. I don't think she can roll these over to a Roth IRA but I think she could at least rollover the Saving Plus Program balance into the new 457 plan. I don't know what to do with the CalPERS balance.
Any thoughts on Roth IRA vs. deferred comp through employer? Also, any thoughts on what to do with the balances in CalPERS and Savings Plus Program?
FYI, we are both 29 and I am maxing out my 401k with my employer. Thanks in advance.