For all of the reasons stated in this video and more, I have a self-managed Roth IRA, as well as a regular investment account. But this is all good to know to explain to my other teacher friends if they feel a 403b is really best for them and their needs.
Thank you for this so much. I’m a teacher in PA and I’ve had a 403b for about 10 years and it never seems to grow much. I will look at my statement closer and check into the fees. This video was very valuable to me, I appreciate it!
Thank you Rick for this valuable info. Being a nurse , signed up for 403b that was offered by employer, even though its great that they do match 100% for up to 5% contributing to the plan, but i should check my statement for all of thoae fees that you talked about and brought to our attention. Thanks again
Also remember all of the fees are not always listed on your statement. Many of them are hidden fees and spread out all over the place. I think the website he mentioned is a place to help you start uncovering the information. The high fees can cost us a difference of hundreds of thousands of dollars in the end.
How do feel about Transamerica 403b plan with a company match up to 6%? I really don’t know what that means also they won’t match Roth IRA or any other plan
