juicemex07
New member
I recently took a job for a school district, the state automatically enrolled me in a pension that has both a typical pension component and a 401(k) and/or 457 component (the paperwork constantly mentions the both of them together so I can't figure out if I pick or they give me one or the other)
In addition to the pension I mentioned above the district also offers separately a 403(b) or 457 plan (my choice), and my question to "the reddit" is should I open one? I won't have access to the 401(k)/457 pension website until I start having paycheck deductions toward it to open the account. I was originally just going to ignore the 403(b) and act like the 401(k)/457 was the focus of my contributions so I wouldn't be splitting contributions between two similar retirement accounts.
Sidebar: if I went with the additional 403(b) or 457 account they have a lot of vendors, two major types: annuities, and mutual funds. I'm not too hot on the annuity vendors, but among the mutual fund vendors are Fidelity and Vanguard, who managed my 401(k) when I was employed elsewhere and I was always happy with them.
In addition to the pension I mentioned above the district also offers separately a 403(b) or 457 plan (my choice), and my question to "the reddit" is should I open one? I won't have access to the 401(k)/457 pension website until I start having paycheck deductions toward it to open the account. I was originally just going to ignore the 403(b) and act like the 401(k)/457 was the focus of my contributions so I wouldn't be splitting contributions between two similar retirement accounts.
Sidebar: if I went with the additional 403(b) or 457 account they have a lot of vendors, two major types: annuities, and mutual funds. I'm not too hot on the annuity vendors, but among the mutual fund vendors are Fidelity and Vanguard, who managed my 401(k) when I was employed elsewhere and I was always happy with them.