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
Thanks dude...only 25 years too late!!
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!
Thanks Lacquer!! I’m so glad it was helpful.
Does your school match any % you put in?
@@kurpal8904 they don’t match my 403b. That’s just an extra account I did through the school.
@@lacquerhead2665 okay, so it’s not like a private sector where they match up to 5% 401k? Thank you.
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
Thank you!
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.
Hello Rick,
Great tips as always.
Thanks Yen!!
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
Is it normal for public school not to have any matching for their 403b plan? I noticed that whatever she put noting was getting matched. School in CA.
Yes it is common for public school district 403b plans not to have any match….which sucks.
I always thought you're a sussy baka but turns out you're a gigachad for telling the plebs about their fees.
I think this is a compliment??
@@SchoolofPersonalFinance susa buka = shifty person, gigachad = Thee Man, Plebs= everyday people. It is indeed a compliment.