Post #335 by intercst on the Retirement Investing board

Personal Finance Topics / Retirement Investing

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<<I started a thread on 401K contribution limits - a "captured" arrangement versus the IRA, which is largely under the discretion of the consumer. >>

When I was living in Texas about 20 years ago, the Teacher's 403[b} plan was managed by an outfit called VALIC at about a 3% annual fee. That meant they were losing more than half the value of the account over a 50 year Retirement Investing lifetime (i.e., 25 years saving for retirement and God-willing, 25 years spending money in retirement.)

Always wondered why one of the math teachers couldn't have explained to them how much they were getting screwed.

intercst

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