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New Teacher Needs Help!

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Hello All,

So I need to admit something before I get into my question. I'm not actually a teacher. BUT my lovely wife is and we could use some help in setting up our 403b. She works in Frisco, TX and we just recently set up her account. My biggest fear is the fees associated with some of these funds. From what I've read so far in this forum there are some ridiculous plans out there. Below I will list all of the funds available to us and I would love if someone would help by pointing out the better options. Thanks in advance!

Annuity Investors Life Insurance (Great American)
American Century Investments
Americo Financial Life and Annuity Insurance
AXA Equitable Life Insurance
Federated Funds
Valic
Fidelity Security Life Insurance Company
Foresters Financial Services
Franklin Templeton Investments
Horace Mann Life Insurance
Industrial Alliance Pacific (acquired by Security Benefit)
VOYA Financial (formerly ING Life)
VOYA ReliaStar (formerly ING ReliaStar)
Jefferson National Life Insurance Company
Lincoln Financial Group
National Life Group
Met Life
Midland National Life Insurance Company
New York Life Insurance and Annuity Corporation
North American Co for Life and Health Insurance
Invesco
Putnam Investments
RiverSource Investments
Security Benefit
Symetra Life Insurance Company
Thrivent Financial for Lutherans
Transamerica Life Insurance Co
USAA Life Insurance Company
Waddell & Reed
Modern Woodmen of America
Aspire Financial
American United Life
Commonwealth Annuity
The Vanguard Group
ISC Group
Legend Group Inc.
PlanMember Svcs Corp.
Lincoln Investment Planning Inc.
GWN Securities Inc.
Pentegra Retirement Services
GLP & Associates
Columbia Funds
PFS Investments Inc.

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Problem solved!

Your wife has Vanguard available. I and about 20 million other Vanguard clients with over 5 trillion in assets are huge fans of Vanguard. I have almost all of my retirement money in Vanguard.

 

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17 minutes ago, sschullo said:

Problem solved!

Your wife has Vanguard available. I and about 20 million other Vanguard clients with over 5 trillion in assets are huge fans of Vanguard. I have almost all of my retirement money in Vanguard.

 

+1  Easy choice.

 

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Vanguard is the way to go. I documented their plan here.

You may or may not find the Investing 101 page I wrote helpful.

One thing worth noting about the Vanguard 403b is that they charge a flat $60/year fee. So if you and your spouse are investing less than or equal to $12,000/year then you’ll be slightly better off using Vanguard IRAs instead of the 403b. On the other hand if you’re already maxing your IRAs then the 403b is an excellent option.

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20 hours ago, tony said:

Steve

I am going to do what you did to me. Where in the hell have you been?  I was worried about you.

Tony

 

Hey Tony,

I was in Boston and Cape Cod with the love of my life's family for a couple of weeks, enjoying New England's famous lobster, and the world-class beaches on the Cape's Eastern shore. I never knew how beautiful those beaches were, just as good as California beaches. 

Home now for the foreseeable future. 

Steve

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