nun
Thinks s/he gets paid by the post
- Joined
- Feb 17, 2006
- Messages
- 4,872
In previous posts I told you guys that I was in academia and saved with TIAA-CREF. Maybe its a historiical anomoly, but the TIAA-CREF university retirement funds are actually retirement annuities. One consequence of this is highter fees eg. Inside the retirement annuity the Equity index fund has an expense ratio of 0.43% outside its 0.26%.
Why do index funds held inside annuity contracts cost more, or is this the case for funds in all retirement accounts, 401k etc? In general I like TIAA-CREF, the only subtle pressure I 've ever felt from them is the concentration on using lifetime annuities for income on their website.
Why do index funds held inside annuity contracts cost more, or is this the case for funds in all retirement accounts, 401k etc? In general I like TIAA-CREF, the only subtle pressure I 've ever felt from them is the concentration on using lifetime annuities for income on their website.