My wife has a 403(b) with work (among other state retirement accounts). She is saving ~100k/year towards retirement (just her savings). In digging through the paperwork for the 403(b)- while it appears to have reasonable funds (vanguard wellington, vanguard lifestrategy) in addition to the mutual fund expenses they are tacking on another ~1% in fees (Valic is the company). This isn't a huge account but she is putting 18k in it each year. It annoys me so much to pay the fees but our options appear to either be to 1) not contribute to the 403(b) and just pay 40% tax on that amount of her income then invest it post-tax myself or 2)pay the 1% fee (plus the mutual fund fee) and deal with it.
Thoughts?
Thoughts?
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