My new employer offers their 401a through TIAA-Cref or Fidelity. Is there one that is better? ie lower fees, easier to work with, better funds? This is my first job out of residency. I have followed WCI for a while, I just don't know which of these I should go with. It also allows me to do a percentage of the 401a to go to each. A 403b and a 457a (government) is also available which I plan on utilizing. I assume that the same funds are available.
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I guess I was looking for generalities. I can choose among a large numbers of their investment choices. Both have hands-off investments that are based on what year you expect to retire and seems to be index funds of sorts as well as funds that I would manage myself and could invest in a large range of things.
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I think you have very similar benefits like my institution, a 401a with matching, supplemental 403b, and state employee 457a. I started not too long ago and was also deciding between fidelity vs TIAA. Now I only started reading WCI and learning about finance recently so take my opinions lightly, but I thought I could share what I did if it's of any benefits. Initially I picked fidelity since that's the only firm I was familiar with but it seemed TIAA has lower expense ratios for comparable funds and with similar performance (I did not do a ton of research so if you think differently I would like to know) so I started using TIAA for the 401a and 403b. Fidelity also has a supposedly unique real estate fund which apparently is different from most REIT, for further diversification. I decided to contribute to the 457a as a roth despite the high marginal tax bracket figuring dumping some money early on will allow growth of a good bucket of un-taxed retirement distribution. I may change that to pretax contribution after a few years.
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