Date: Mon, 12 Jan 2004 10:39:52 CST
From: Ignoramus26983 
Newsgroups: misc.invest.financial-plan
Subject: Re: 403B with 5.75% load or simply invest after tax into no load Vanguard fund?
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Ask your fund administrator whether the funds waived their load
fees. If they did not, chances are someone in the guam govt got a good
bribe for this highway robbery. Our firm has 401k and a few load funds
as options. Turns out that they waived the loads for us.

i

In article <91f9cb95.0401120253.37a119c9@posting.google.com>, John Kitchar wrote:
> Here is my situation--I thank anyone with sound advice for me.
> 
> I live on Guam USA...I work for the Government of Guam and I can
> invest with Asia Pacific (Oppenheimer Funds) deducted from my
> paychecks in a 403B retirement plan. I checked the fees today, and
> discovered that they charge 5.75 percent up front.I believe this is my
> only 403B option for deduction from Gov Guam payroll...through Asia
> Pacific. Am I forced to use Asia Pacific for my 403B just because they
> say they are the "only game" in town?
> 
> That sounds high to me...is it?
> 
> If it is too high, would I be better off just taking my after tax
> savings and funding something like a no-load Vanguard online account?
> Is a 403B with a 5.75 percent load better than simply investing
> savings into a no load fund?
> 
> This would be additional income for me...I have 9 more years to go
> before I can retire with the Government of Guam's defined benefit
> plan.
> 
> Thanks for your time, JMK
>