facebook twitter instagram linkedin google youtube vimeo tumblr yelp rss email podcast phone blog search brokercheck brokercheck Play Pause

2 Min. Vid: Is Your 403(b) Plan the Best Way to Save for Your Retirement?

%POST_TITLE% Thumbnail

  • As a teacher, you might be wondering if your 403(b) plan is the best way to save for your retirement.
  • There's an easy way to figure that out and it starts with looking at your district's plan.
  • First, are your contributions matched?
  • If so, it's usually best to contribute enough to get the full match.
  • If not, then you should make sure to do your homework on the different companies on your district's approved vendor list.
  • Unfortunately, many districts have lists full of vendors that charge high fees, provide poor investment options, and lock your retirement money up in unnecessary variable annuity contracts.
  • Large insurance companies are the worst culprits!
  • So, if your vendor list is full of them, ite may be best to save for retirement outside of your district's 403(b) plan.
  • There are many different options available to do this, but one of the best for teachers is to start a Roth IRA.
  • If you'd like to learn more about the best way you can save for retirement, give us a call or drop us an email and w'ell be ahppy to help you make sure you're on the right path!

Contact Us