Originally Posted by Caniac4ever
Long time lurker, first time poster...
I see this is an old thread, but it is discussing something I was doing some research on and since it was recently bumped, I figured I'd just tag on. I'll post my situation here and see if anyone has any words of wisdom for a newbie to all things investing.
I work at an establishment that offers both a 403b plan and a 457 plan. If we contribute 3% to a 403b plan, the establishment will contribute 2%. The only 2 vendors that we are offered for either plan are Lincoln Financial and Valic.
Any suggestions on what direction I should go or what you would do in this situation would be greatly appreciated!
Both of those companies were options where I worked, but they looked expensive to me so I went with TIAA-CREF for the 403b and we had Great Western for the 457 with a range of good low cost funds. I think you have two bad choices and would not know how to choose between them.
“So we beat on, boats against the current, borne back ceaselessly into the past.”
Current AA: 75% Equity Funds / 15% Bonds / 5% Stable Value /2% Cash / 3% TIAA Traditional
Retired Mar 2014 at age 52, target WR: 0.0%,
Income from pension and rent