Since I work in education I have the option of signing up for a 403(b) plan. This is like a 401K for public educators. Right now I am trying to get prospectus' and then I plan to make a spreadsheet comparing plans. Below is the list of what categories I will put on the spreadsheet. My questions is if anyone has any other suggestions as to what they would add?
_-average return rate
-yearly fees-
-penalties for early withdrawal, by program and IRS
-minimums to start and contribute
-plan type (annuity, money market, etc.)
-if I can choose to throw in extra money when I have it
Well, what would anyone else add? what other criteria did you use when selecting your plan for 401K, 403b, or similar program?
Last edited by AKLisa- Knitting Editor; 08/02/12 09:14 PM.
