I started investing in my 403(b) retirement account as soon as I became eligible as a teacher.
But I invested in expensive mutual funds on the advice of another teacher.
He recommends index funds as well as passively managed mutual funds or exchange-traded funds (ETFs).
Before you join a 403(b) plan, know that costly 403(b) fees can significantly reduce your savings over the course of your career — sometimes by hundreds of thousands of dollars.
You should learn what your 403(b) plan fees are, as well as the fund fees of the different investment options you have within the plan.
Persons:
Brian Walsh, Read, Bobby Glotfelty, Glotfelty, Walsh, it's
Organizations:
Service, Business
Locations:
Wall, Silicon