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yanfan

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  1. 1. Does anyone know if the new 403b regulations affect the Roth 403b in any way? 2. If an employer offers a Roth 403b is an Information Sharing Agreement required between sponsor and vendor? Thanks John
  2. Anyone know if TIAA-CREF will sign a district's ISA/agree to their plan document or will they only accept their own? Thanks
  3. Anyone know where to find a copy of Fidelity's ISA on the web? Vanguard's is posted at their site but I can't seem to find Fidelity's. Thanks in advance. John
  4. Evening all, In the event that our district does not sign Vanguard's or Fidelity's ISA what's the next best option? Does anyone have opinions on TIAA-CREF mutual funds, not annuities. Would that be the next best alternative if Vanguard and Fidelity are out? Is CREF a better option than a vendor that sells mutual funds which have higher fees (front end or back end loads)? Lincoln Investments is one option currently on our list but even the cheapest funds are around 1.00%. It's hard to stomach that when compared to Vanguard. Are the only true no-load options, Vanguard, Fidelity and T. Rowe Price? If we are left with insurance companies or high fee funds from a third party I may just stick with taxable investments and forego the tax shelter. Thanks for the input. John
  5. Just talked to a Fidelity rep. She said there are no minimum number of employees in order to start a plan nor any minimum dollar amount. Also, she said that Fidelity would work with the district in terms of the ISA and didn't think they would only sign their own. She didn't sound 100% sure so I'm not certain all this information is correct. Thought I'd pass it along anyway. John
  6. I have emailed them and I'm waiting for a response. Was wondering if anyone had experience with them. I will post as soon as I get some answers.
  7. A few more questions... 1. Does anyone have experience with Fidelity being more flexible signing Information Sharing Agreements than Vanguard? Have they signed other district's ISA"s? I've heard some say they will while others say no. 2. Does Fidelity require a minimum number of employees to sign up or a minimum dollar amount? I work in a small school district of around 150. 3. Are there any fees required to start up a plan with Fidelity? Thanks again John
  8. Thanks for the input. We'll see if the district is willing to sign Vanguard's ISA. If not maybe I can suggest one of the options mentioned here even though it would be higher fees. John
  9. Tony, Thanks very much for taking the time to respond. It is much appreciated. John
  10. Hi Everyone, I've been visiting this site for several years and have learned a great deal. I have posted several times regarding the ending of the 90-24 transfer and other issues. In my school district we currently have Vanguard available while the rest are high cost variable annuities. With the new regulations beginning in January I have many concerns along with all of you. I have been trying to educate my colleagues by using the information on this website as well as recommending "Teach and Retire Rich." At this point we don't know what our district is going to do in terms of plan document or vendors. We are a very small district with probably less than 200 total employees. We want to keep Vanguard as one of the options, but who knows what will happen. Questions: 1. If we lose this option what are the next best alternatives outside of Vanguard, Fidelity or T. Rowe Price? Some teachers have mentioned TIAA-CREF and ING. From my research it seems as if Vanguard is far superior to both of them but I'm no expert. No-load mutual funds seem like the way to go. (index funds, target funds, etc) 2. Also, what would you recommend for the teachers who feel comfortable speaking with someone before making an investment? How does a fee-only advisor work? 3. As of January 1, there will be teachers who will no longer be able to make contributions to certain vendors. What happens to those accounts? Can they be left where they are and later transferred to a vendor on the list when the surrender fees are less? Can they be rolled over into IRA's? Thanks for taking the time to respond. John
  11. I believe I found the answer to my own question after further reading. I think they are referring to these as "orphan" accounts since they will neither receive new contributions nor are they on the employers vendor list. As a result they will not retain their status as 403bs and will have to be rolled over as IRAs. As I compare 403bs and IRAs they only major difference I see is that with a 403b I can access the money without the 10% penalty if I retire before 59 1/2 and after age 55. Are there any other things to distinguish the two? John
  12. One more question.....If I decide to keep money in the 403b(7) at Fidelity will I have to roll that into an IRA or can it stay as a 403b(7)? Thanks again
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