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Hi,

 

I add the CalPERS 457 plan to my School District. It was a easy to do. Employees now have two retirement options, 403b7 with Vanguard, USAA Life and CalPERS 457 program. I hope this helps you out. Please post again if you need more information on this subject.

 

jyork

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Guest Sierra

K-12 teachers in California should can the commissioned based 403b in favor of the Calpers 457(b). THIS IS A NO-BRAINER!

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Depending entirely on what you're looking for in a plan, of course.

 

If cost is your sole consideration, then this is probably the way to go; offered by Citistreet, it has separate fees for each of its 12 investment choices; they range from a low of 35 basis points for the S&P index fund to a high of 94 basis points for the actively managed funds.

 

On the flip side, if you go to the CalPERS 457 website and click on "Participant Service," you get an 800 number, and that's it. Guess you have to have confidence that whoever's manning the line that day is a knowledgeable person...or be knowledgeable enough yourself to not need such perks.

 

You may also be interested in more than 12 investment choices, in which case this plan falls short of being ideal.

 

Either way, it pays to examine ALL your options, and not take the word of anyone too quick to call this decision a "NO-BRAINER".

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Guest Sierra

On the flip side, if you go to the CalPERS 457 website and click on "Participant Service," you get an 800 number, and that's it. Guess you have to have confidence that whoever's manning the line that day is a knowledgeable person...or be knowledgeable enough yourself to not need such perks.

++++++++++++++++++++++++++++++++++++++++++++++

FT: Remember now that I went to your full service provider's 800# (ING) and had to teach the rep how to get onto the online version of the 2 page fund facts. So at best the 800# rep at the "full service" provider is no better than the 800# rep at the no-load provider.

 

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FT: Remember now that I went to your full service provider's 800# (ING) and had to teach the rep how to get onto the online version of the 2 page fund facts. So at best the 800# rep at the "full service" provider is no better than the 800# rep at the no-load provider.

 

Glad to hear you agree that people who man 800 numbers are unreliable at best, and incompetent at worst.

 

It's a good thing I have an agent with his very own phone number to call, and that I never have to rely on such people!

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Guest Sierra

How come you are the only ING 'Opportunity Plus' variable annuity investor to come on these boards to attest to your success with this product? Where are all the other school teachers at your school? Haven't you told them about this site? Surely you're not the only one in your school that invests in this variable annuity.

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How come you are the only ING 'Opportunity Plus' variable annuity investor to come on these boards to attest to your success with this product? Where are all the other school teachers at your school? Haven't you told them about this site? Surely you're not the only one in your school that invests in this variable annuity.

LOL...there are fewer than a dozen people who post regularly to this site, Joel. How good of you to notice the lack of ING clients from New York State!

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Guest Sierra

Have you told your fellow investors in NYSUT/ING about us 12 regulars? Have you invited them to participate and share their success stories with us?

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