slj455
Confused about dryer sheets
- Joined
- Dec 2, 2005
- Messages
- 3
I work for the state of NJ. I am in what was/is a state run deferred comp. not match.
we were just informed that effective jan1, the deferred comp program is being run by Prudential...
the whole change was kind of sleazy. no real time to make decisions. effective Jan 1, all cont go to Pru.
no more money can be added to the original DC.
Pru is touting choice of what look to be Mutual funds with different levels of risk ? I know nothing about private investing, thats why I did the DC.
Is this change good, am I better off stopping the DC and finding another way to invest, like CD's.
I am very conservative and about 6 years from retirement.
I know this is not a lot of info. but any thoughts are appreciated, anything I should look out for etc.
PRU. is offering a service to help choose, but you have to agree to put all existing DC funds into their program.
what issues shouls/pitfalls should I be watching for ??
thanks ahead of time...