Investing Advice

Notes for 403(b) Plan Participants

Six million people, teachers, healthcare workers, and non-profit employees may participate in their employer’s 403(b) plan. Where a 401(k) is set up by an employer’s human resources department in the best interests of the employee with up-to-date options, school boards and hospitals let insurance companies run their plans.

These insurance companies push tax-sheltered annuities. They make a lot of money with these annuities, and so explain them as the best investment in the universe. An annuity isn’t bad, just not as good as an index mutual fund.

The difference for a typical worker over her lifetime who contributes the average 6% to a retirement plan can mean a $500,000 difference at retirement.

Most 403(b) plans allow a worker to switch to a no-load mutual fund (but charge a steep fee to cancel the annuity), but most workers don’t realize that this is an option for them.

Other Retirement Planning Topics:

  1. Retirement Planning
  2. IRA’s (Individual Retirement Account) – Traditional IRA
  3. Roth IRA – Taking Money Out
  4. Employer Sponsored Retirement Plans
  5. Retirement Plans - Continued
  6. 401K Savings
  7. Notes for 403(b) Plan Participants
  8. Senior citizens retirement resources
  9. Retirement Plans for Small Business and Sole Proprietors
  10. Simplified Employee Pension (SEP) IRAs
  11. SIMPLE (Savings Incentive Match Plan for Employees) IRA
  12. Your own 401(k) for the self-employed
  13. Employer Retirement Plan Vesting and Contribution
  14. Forgotten Retirement Benefits
  15. Other thoughts about retirement accounts
  16. Other thoughts about your retirement needs

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Who's Not Investing?

Millions marry and start families each year without taking basic steps to make sure their future, as well as their children's, is financially secure.

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