My wife works at a hospital with a defined benefit cash balance plan. The basics are:
-Guaranteed 6% return while you work there
-Guaranteed 5% if you leave your money there after you leave
-You can't take it out until 65...unless you leave, in which case you can roll it over or take it out in a lump sum
-No apparent tax advantages
About us:
-Married, combined gross income ~$120,000
-Already maxing out Roths, and 401k(s)
-Additional savings currently going to a taxable Vanguard account
Anyway the questions seems to be is a guaranteed 6% return better than a slightly higher average return with my Vanguard index funds (and included risk)?
Thoughts mustachians?