Hello everyone:
I'm a teacher and am already maxing out my 403-B through CALSTRS/VOYA; I'm grateful I have Vanguard options here. I also have the possibility to invest in a 457, but with a different company that doesn't offer VTSAX (Nationwide). I would really like to take advantage of the pre-tax 457, especially since I am planning to retire at 55, four and a half years before I am able to withdraw the 403-B, and the 457 would come in handy to bridge the gap. However, the fees and expense ratios for the Nationwide 457 seem like highway robbery (and that's for an unmanaged account).
$6 one time fee
$12 annual recordkeeping fee
$3.00 annual statement fee
.02 % of account value (asset based fee, daily).
I will have a small pension (between $2500-3000 monthly if I retire at 55) and am planning to max the Roth IRA each year.
Based on the fees above, is the pre-tax 457 worth it? If not, what would you all recommend I do with remaining available funds, around 10k annually?
Your advice would be appreciated, thanks!