I am a fairly new UC retiree and what a wild ride we have had in the markets since I retired. I contributed the max to the 403b, and also contributed to the 457. UC's plans are exceptional. Learn all you can all along the way while you're working. My mantra is: Earn all you can, spend less than you make and save more than you spend. Selecting a UC fund or a Fidelity fund at this juncture is very tricky, because all securities, with some notable exceptions (Reits, municipals, Gnma's,MLP's) are moving in lock step and no one knows when interest rates are going to rise. If you and your wife have a very long time horizon, stocks are the best shot at outpacing inflation and earning a dividend on your capital. Dollar cost average a portion of your savings into an index stock fund. Beware of bond funds. Bonds carry risk and many retirees who are sitting in the UC Pathway Income are losing value and capital. I wish that UC's funds would report out daily like other funds and I wish that there was more data on UC fund holdings. There isn't and so we really don't know the daily bond fund holdings and duration of those holdings. As interest rates rise, bond funds are going to get clobbered and this is particularly critical to folks who may need to sell in order to pay essential expenses. Taxes are another concern for those building a retirement portfolio. I wish that I would have set-up a Roth account as a discretionary pool of money to have in retirement. I have more than enough guaranteed streams, but the plan money is tax-deferred and is there any doubt in anyone's mind that we are looking at higher tax rates in the future?