Sublime8700 wrote:What do you mean by "strong asset protection?"
Would you do a ROTH or normal?
And how might you phrase an e-mail to the HR dept asking for different funds? Just asking for a self-directed option? Or... what's worked for you?
Sublime8700 wrote:But the 403 b, which does NOT have an employer match, has really poor options.
The 403b is administered by Mutual of America, so there are a bunch of Mutual of America funds. The Equity index fund looks OK, but it seems to be the only one with a low ER. There some fidelity "VIP" funds, an Oppenheimer Main Street Fund, two DWS funds, and an American Century fund. I can basically tell by the names that none of these are going to make sense for a low cost indexer.
The only exception is two Vanguard funds -- the Diversified Value fund which looks pretty lousy, and the Vanguard International Fund which is obviously fine.
So I guess the question is: without the employer match, would you still invest in the 403b or would we prefer to just go with a personal account at Vanguard?
Sublime8700 wrote:so basically if the school offers a 403b or a 457 I should be able to do it through Vanguard, not Mutual of America, regardless of what the HR person tells me about it being a group plan etc. And in order to make this happen, I should call Vanguard if that's what I'm understanding?
Sublime8700 wrote:I just spoke with Vanguard at length. They basically told me that the school had to offer Vanguard as a provider or I was out of luck. I'm definitely curious how and what year those of you who got around this did so (without mobilizing the entire school to petition the HR office to add Vanguard because that's not going to happen in my situation...) I'm not sure if I didn't approach the conversation correctly, or if the rules have changed (they mentioned something changed in 2007...)
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