Jump to content
Sign in to follow this  

Feedback Requested

Recommended Posts

Good Morning,

I was hoping to get some feedback on the 403b options offered through my wife’s school district. I’m assuming the NEA option is best. Thanks!

AXA Equitable


Contact - Dan Holdt (c. 908 - 296 - 4828)


Great-West Financial


(866) 467 - 7756


Lincoln National


(877) 275 - 5462


AIG (Valic)


(800) 448 - 2542


TD Ameritrade c/o Omega Capital Management LLC

Contact - Gabriel Rosko (908 - 362 - 9799)


NEA Retirement Program


Contact – Eric Lindstrom (cell 201-704-2340 / office 732-475-0340)



Lincoln Investment


Contact – James Burr (cell 201-636-1636 / office 800-627-0067)


Share this post

Link to post
Share on other sites

NEA choice is not necessarily the best choice If you end up in the wrong funds program. They advocate some high fee choices. I imagine they are getting some kind of kickback for their endorsements. What you need to do is sign up for NEA Direct Invest and pick the Vanguard funds and do this on your own without any financial advisor interference.This will require linkage through Security Benefit which I 'm not sure you have . You will have to do further research.

None of your other choices look all that appealing either. Valic might offer some non insurance choices that might be O.K if nothing else pans out better for you. TD ameritrade might allow you to open a brokerage account. If you can do that, that might be your best option but your list has no links to further understand what they are offering your particular school system.

What state are you in?  Does your state have a 457b plan available to teachers?

Give us a little more info please

Share this post

Link to post
Share on other sites

On further examination.

Actually, your NEA link does show Direct Invest as an option so The NEA Direct Invest is your best option You will have to go to the Security Benefit website , find the direct invest application and send it in. Pick The Vanguard Funds.  Don't seek the help of an advisor as this is something you do on your own. I'm afraid they will draw you into the wrong funds.


You could pick and be completely diversified at low cost

Vanguard Total Stock Market Index

Vanguard International Index

Vanguard intermediate bond index

Share this post

Link to post
Share on other sites

mike031, welcome back to the forum! In your 2017 thread you wrote that you had both the Lincoln Investment PDP and the NEA Direct Invest available to you and you decided to go with Direct Invest. Does your wife also have the PDP available? If so, I wonder if Lincoln Investment is also on her district's 457 vendor list? If neither of you are contributing to a 457 plan, the PDP is very low-cost. And she could contribute to both the PDP 403b and the PDP 457 for a single $35/yr administration fee. Maybe you are already contributing to a state-run 457 plan? The lack of an early distribution fee (10%)of the 457 if she quits her current employer could come in handy.  

Share this post

Link to post
Share on other sites

That's great that you were able to get Vanguard added to your district's 403b vendor list! Is your wife teaching in NJ, where the LI PDP is available to any district that has LI on their vendor list? 

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Create New...