Jump to content

Eagle10

Members
  • Content Count

    13
  • Joined

  • Last visited

Community Reputation

0 Neutral

Profile Information

  • Gender
    Male
  1. Eagle10

    457 Plan In Pa

    PA runs a 457(b) Plan with the lowest cost in the nation! Now, you need to get focussed big-time because it is only available to Pa. state employees. Contact the powers that be and demand that the Plan be opened up to local public employers including school districts. Let us know how you make out. Having said all that, in my view this is the most direct and transparent way to rid ourselves from the 403b sharks that have infested our public school classrooms, hallways and teacher lounges for nearly 50 years. Peace and Hope, Joel L. Frank Pension Columnist The Chief-Civil Service Leader 277 Broadway New York, NY 10007 Who are the powers that be? My school district, the state, if I knew who to go to I could move with this. Thanks again. I am once again looking for an answer to the powers that be. Since my school district is going to use CPI as a TPA I will more than likely stop funding my 403b plan. I want to know more about the PA 457 plan but do not know who to contact for this. Is it the governor, state, school board. I need direction for this one. I feel like everyone else on this issue of 403b, miserable. The changes in legislation did nothing to help a teacher and in fact have hurt. This is why I am looking for the state sponsored plan in Pennsylvania 457? Please advise.
  2. Eagle10

    403b Ending

    Can someone answer what happens to money invested in a 403b that will no longer be supported by my school district. I have invested in Oppenheimer Funds (the best option believe me as we don't have many positives to choose from) and was notified that they will no longer be a part of the new vendor list. My school is going with CPI group. Can I transfer money invested? Do I leave it sit? Advice please.
  3. Eagle10

    457 Plan In Pa

    PA runs a 457(b) Plan with the lowest cost in the nation! Now, you need to get focussed big-time because it is only available to Pa. state employees. Contact the powers that be and demand that the Plan be opened up to local public employers including school districts. Let us know how you make out. Having said all that, in my view this is the most direct and transparent way to rid ourselves from the 403b sharks that have infested our public school classrooms, hallways and teacher lounges for nearly 50 years. Peace and Hope, Joel L. Frank Pension Columnist The Chief-Civil Service Leader 277 Broadway New York, NY 10007 Who are the powers that be? My school district, the state, if I knew who to go to I could move with this. Thanks again.
  4. Eagle10

    Cpi Group

    Yes, my school district has chosen CPI. No, the fund choices have not been revealed as of yet. They are to reveal soon. At the same time, I am wondering if anything is known about CPI just so I know what to expect more or less. I feel it good to know what if anything I can do to prepare working with this TPA.
  5. Eagle10

    Cpi Group

    Can anyone tell me anything about the CPI Qualified Planning Consultants Group? My school district has just chosen them as TPA after researching what they said were many options of which I don't know any. I would love to know what fund families I will be able to choose from but that may not be possible. Any input about this TPA will be welcome. I am anxious to hear the responses. Also, I am aware of one thread on this forum that started to discuss this group and then went on for a couple of pages about other topics related but not really answering about CPI.
  6. Does anyone know when the list of advisors is coming out? Will there be any in PA so those teaching there can stop getting stuck in a hole that is variable annuities and insurance plans that are not up to par.
  7. How about my wife and I getting duped and put into a Nationwide Best of America IV variable annuity when she has Vanguard on her vendor list. Then, when I asked my financial advisor about it he said he needs to make money too, can you imagine? Needless to say, just wanted to put in my two cents!
  8. Eagle10

    457 Plan In Pa

    Hi all, I have read about the 457 plan for NY but am wondering if it is something possible in PA?
  9. Hello - this may seem like a no brainer but I have been reading the posts about 403b and TSA. What I can't seem to understand is the calculation for how much is taken out of the paycheck with a pre-taxed vehicle like a 403b or TSA. Let's say that I am putting away $50 a paycheck. Should I see an exact $50 come off the check or should I see a little less than that since its pre-taxed? I am trying to make this clear and hope I am doing so. Also, my paycheck says TSA. Should it say 403b? This is why teachers have a hard time with this topic, it can be so confusing yet so simple. Thanks for any and all help.
  10. Ok. I have done my homework over the last 3 years and am convinced I can do better investing in no-load funds with low expense ratios. The problem is this: This may seem simple and maybe I am not seeing it but hopefully someone can shed light. How do I cut ties with my financial advisor when I have a custodial 403b account, VA account, life insurance, and a money market tied up with him? I don't know if this is a complicated process or just simply stating I'm done (which I doubt its that easy). Any ideas/advice on how to move on from current financial advisor would be great. Another note. I don't know if I will venture alone or try to secure another financial advisor. I think a fee only advisor is the way to go???
  11. Is it wise to run my 403b investments myself or do I have to have a financial planner to take care of the plan with my school district. I also would like to know what more to look for with finding a financial planner in PA??? Any thoughts on that topic.
  12. He is not associated with either one. He is a third party working for Raymond James.
  13. I am writing to find out if my wife and I can do better than what we are currently investing in. My plan is through Oppenheimer and my wife through Nationwide. I do not like what I am reading and learning about the expense ratios and variable annuity my wife is in. I feel that we can do better. My wife does have Vanguard on her vendor list but our financial planner said nothing about it. At the time I knew much less than I do now (3 years ago). I feel like we have been taken for a ride. Please send any advice/help our way.
×
×
  • Create New...