Which Stable Value Fund Would You Choose?

Have a question about your personal investments? No matter how simple or complex, you can ask it here.
Post Reply
ghostdog1108
Posts: 19
Joined: Fri Aug 05, 2011 10:28 am

Which Stable Value Fund Would You Choose?

Post by ghostdog1108 » Wed Feb 27, 2013 10:29 am

Defined contribution plan thru my employer is administered by Fidelity.
I am almost 64 years old and plan to retire in 11 months.
Current balance of $900K is split as follows: VITNX 43.50%
VWENX 4.00%
TIAA-CREF GUARANTEED 52.5%

Within the latest group of offerings is another stable value fund, Hartford Fixed Account.

TIAA has been paying their minimum 'guarantee' of 3% for a few years however the rate has been higher at times.
Hartford also has a 3% minimum 'guarantee' of 3% but is currently paying 4% for the 1st qtr.
My understanding is that if I transfer dollars in before the 1st qtr is over they will pay this rate or higher thru 2013.

One caveat,I cannot transfer dollars invested in Hartford to another 'competing' account for 90 days from date of investment.
This would include other stable value funds as well as money market accounts etc.

I have always considered TIAA-CREF at the top of the list as far as stability goes however an extra 1% is enticing.

Thoughts on the pro's and con's, if any?

YDNAL
Posts: 13774
Joined: Tue Apr 10, 2007 4:04 pm
Location: Biscayne Bay

Re: Which Stable Value Fund Would You Choose?

Post by YDNAL » Wed Feb 27, 2013 11:05 am

ghostdog1108 wrote:Defined contribution plan thru my employer is administered by Fidelity.
I am almost 64 years old and plan to retire in 11 months.
Current balance of $900K is split as follows: VITNX 43.50%
VWENX 4.00%
TIAA-CREF GUARANTEED 52.5%

Within the latest group of offerings is another stable value fund, Hartford Fixed Account.

Why would you consider doing business with Hartford?
http://blogs.wsj.com/totalreturn/2012/0 ... e-worried/
Landy | Be yourself, everyone else is already taken -- Oscar Wilde

ghostdog1108
Posts: 19
Joined: Fri Aug 05, 2011 10:28 am

Re: Which Stable Value Fund Would You Choose?

Post by ghostdog1108 » Wed Feb 27, 2013 11:16 am

I have read this artcle a while back, which gave me pause, however they are obviously still in the annuity business.
Point made on your part.

Post Reply