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RIArules 
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 Posted: Feb/14/2011 at 10:16pm |
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My ex-wife would have choked to death on shoes if it weren't for my smart ass comments....and she is a principal. How great the education system has become.
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“We are all Antifa” - Hacksaw 9/12/2025
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Posted: Feb/14/2011 at 11:35pm |
Most 403(b) plans don't require the employer or plan administrator to be a fiduciary. They don't operate like 401(k) plans (some do, but most do not).
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RIArules
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Posted: Feb/14/2011 at 11:46pm |
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Last time I heard that was going to change. But trying to nail down the qualified plan market right now is like herding cats.
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“We are all Antifa” - Hacksaw 9/12/2025
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Posted: Feb/14/2011 at 11:49pm |
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ERISA 403(b)'s are what you're thinking of I believe...and they aren't very prevelant in the K-12 marketplace.
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RIArules
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Posted: Feb/14/2011 at 11:58pm |
I honestly think they should be, given the craptastic choices I have seen at the local ISDs. |
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Posted: Feb/15/2011 at 12:00am |
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Possibly so. It's odd how different the 403(b) market is from the 401(k) market.
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blackcat
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Joined: Oct/26/2010 Location: West Coast Status: Offline Points: 259 |
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Posted: Feb/15/2011 at 12:01am |
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K-12 and JC colleges Mainly non-ERISA like ICE said. Never seen a district that hasnt offerd either 403b or 457 like REP007 mentioned, sounds hard to believe. Whaat about you ICE, ever come across a district that didnt offer these?
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Posted: Feb/15/2011 at 12:07am |
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Never. In fact, probably 1/3 of the districts in my area have both a 403(b) and a 457(b). They all have at least a 403(b).
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Posted: Feb/15/2011 at 7:31am |
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My wife is absolutely the most brilliant person I've ever met, but explaining finances to her is very difficult. She gets it, but at the same time doesn't get it.
I had a client in here on Friday who is a teacher. The poor thing is 60 years old, and has a hard time with the concept of compound interest. |
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Ron 14
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Posted: Feb/15/2011 at 9:12am |
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In my limited teacher experience I have also found them to be investment morons. My brother-in-law is 26 years old and thinks the stock market is gambling and refuses to even acknowledge inflation exists.
The best part of that is my sister, who is a Corporate Banking Executive at Chase, tells him he is an idiot. Edited by Ron 14 - Feb/15/2011 at 9:13am |
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RIArules
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Posted: Feb/15/2011 at 10:15am |
That should make for an interesting Thanksgiving.
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“We are all Antifa” - Hacksaw 9/12/2025
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Ron 14
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Posted: Feb/15/2011 at 10:27am |
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That is exactly when it happened. She brought it up just to make him look like an ass in front of my other bro-in-law (CPA,CFA at BofA) and myself.
The not so funny part of it is in reality I was by far the dumbest person in the room. 
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Iamlegend wrote: