trumpeting_angel
Full time employment: Posting here.
- Joined
- Mar 26, 2004
- Messages
- 526
I had a 403( b) (if I'm right and that's the 401(k) for non-profits?) with Great American, opened back in the early 80's. Turns out it was in an annuity, and a bunch of wise shareholders got together and instigated a class action suit. There is simply no excuse for putting a tax-advantaged vehicle (not to mention, a HIGH PRICED tax-advantaged vehicle) inside of a tax shelter. It's unconscoinable. Great American lost the suit, and had to give us all some extra money in our choice of incomprehensible choices.
I tried to get out of this stupid company altogether, but the "surrender fees" are absolutely prohibitive.
TIAA/CREF are non-crooks, as far as I've been able to figure out, and very helpful, and often will bend over backwards to help you understand your choices.
Good luck! You're doing the right thing, it's just confusing to get started! A little reading (either the book mentioned above, or Jane Bryant Quinn) goes a LONG way.
Anne
I tried to get out of this stupid company altogether, but the "surrender fees" are absolutely prohibitive.
TIAA/CREF are non-crooks, as far as I've been able to figure out, and very helpful, and often will bend over backwards to help you understand your choices.
Good luck! You're doing the right thing, it's just confusing to get started! A little reading (either the book mentioned above, or Jane Bryant Quinn) goes a LONG way.
Anne