Hello!
I'm a brand new teacher and I met with our districts financial rep. I wanted info on the district's plans and I have the option of a 403b and a 457. However, the fees seem high at 1.43% and the rep says it's an annuity, but it's basically the same as mutual funds but with a death benefit. The annuity word threw me off - I feel like most people say to stay away from them due to fees.
Should I still take advantage of it for tax purposes? I was going to fill up one pre-tax and then try to fill up the other one post-tax. These are the only tax advantaged accounts that we have available to fill. We contribute the max to our IRAs and to my husband's pension plan.
Thoughts?