Ed B
Recycles dryer sheets
My daughter put her degree to work last Fall as a caseworker for a public mental health agency in Texas. She is now eligible to start contributing to a 401a and 457 plan. The custodian appears to be ISC Group from Dallas. DD has no acumen or interest in learning about investing but she did ask me for some advice.
She was advised to be aggressive at her age, which I agree with. I asked her what funds were available? She said she had no idea and that some guy with ISC Group said he would make the investments and move things around as needed. That could be fine but it scares me for her sake.
I can't see much in the way of investment options on their website but I see that target date funds are mentioned on the brochure she brought home. I also see they sell annuities.... I couldn't find anything on fees but as they are a private firm I am not optimistic in that regard.
Even if ISC is an expensive firm she still needs to get all the matching money she can which is she contributes 4% they contribute 8%.
Any info is appreciated.
She was advised to be aggressive at her age, which I agree with. I asked her what funds were available? She said she had no idea and that some guy with ISC Group said he would make the investments and move things around as needed. That could be fine but it scares me for her sake.
I can't see much in the way of investment options on their website but I see that target date funds are mentioned on the brochure she brought home. I also see they sell annuities.... I couldn't find anything on fees but as they are a private firm I am not optimistic in that regard.
Even if ISC is an expensive firm she still needs to get all the matching money she can which is she contributes 4% they contribute 8%.
Any info is appreciated.