Terrible simple IRA choices

[themagicman]

All, I need some advice on if I should use the Simple IRA at my new job. The only funds available are Franklin Templeton and they all look like the minimum ER will be 1.5%, there also might be a purchase fee (I have a call with the advisor the company uses next week). The company will match 3% if I put in 6% but I just have a hard time investing in something I do not believe is a good investment.

What would you all do? Would you invest to get the match even if it has bad investment options? I do not have any more tax advantaged space but have been putting all excess month in taxable. Thanks for your help!

[KungfuRabbit]

Ask when you can transfer money out and at what cost.

A 50% retun on investment from match will more than cover a 1.5% fee for a few years.

[forummm]

It hurts, but I tend to believe in maxing out with these kinds of situations. You can only contribute these dollars this year and you lose that opportunity next year. But you can lobby your employer to switch to Vanguard or another inexpensive offerer. And you can roll over every penny to a Vanguard IRA whenever you leave this job. Those tax-advantaged funds will be available to you forever.