These are the two companies my employer gave me to choose from for my pension plan. I would like to know which one would be the best. I read the paperwork but I am still unclear. I need some help. Thank you
2007-09-04 04:04:35 · 8 answers · asked by clij24 2 in Business & Finance ➔ Personal Finance
I was at the bookstore yesterday and picked up a monster book of 500 mutual fund companies. Vanguard was one of them. After taking a look at their fifteen year history, I would lean in the direction of Vanguard. Past performance does not mean it will do the same in the future, but it does give an idea of how well it could do.
2007-09-04 05:21:51 · answer #1 · answered by Mark S 6 · 0⤊ 0⤋
Thank your employer for making you choose between two of the most efficient investment companies when it comes to fees and expenses.
It all comes down to the investments each offers, and which ones you are more comfortable with. You may also want to see how flexible those investments, esp if/when you decide to leave your employer.
My wife has a retirement account w/ TIAA-CREF and her money is being invested in annuities, as opposed to your typical 401k mutual funds. There are some issues re: rolling over annuities that I'm not familiar with, but we intend to keep the money there through maturity in any case.
2007-09-04 06:58:10 · answer #2 · answered by CMass Stan 6 · 0⤊ 0⤋
Vanguard has some of the lowest operating expenses in the industry. Low operating expenses means more of your money goes toward the investment, and less to running the fund(s).
I have been with Vanguard for over 10 years, and will not invest with any other company.
2007-09-04 06:22:22 · answer #3 · answered by cbmttek 5 · 0⤊ 0⤋
TIAA-CREF has the lower service charges so more of your money would be working for you. Look at their track record over the long run and you will see it is hard to beat.
They publish what their service charges are so compare that with what Vanguard (a more-profit oriented company) charges and think of the difference as money that will not be working for you for the rest of your life.
2007-09-04 05:44:08 · answer #4 · answered by Rich Z 7 · 0⤊ 0⤋
As one of their clients, I am partial to Vanguard but in the end, which company you choose won't make that much of a difference, so don't drive yourself crazy over it.
Check the two websites, see which one you like better, because soon you will be doing everything on their website. See which company offers more person-to-person investment help, now and down the road. If you're new to investing, this can be a big help in deciding what to invest in. Also, see who can give you better investor education and research abilities.
Of course, what matters most is where you invest your money.
2007-09-04 06:07:10 · answer #5 · answered by Anonymous · 0⤊ 0⤋
now is the suited time to try this. circulate in now and make the a superb variety of the strengthening over the subsequent two decades. TIAA-CREF is respected, yet i could circulate with leading edge because of the fact they're respected and regular for charging the backside price expenditures interior the enterprise.
2016-11-14 04:07:46 · answer #6 · answered by ? 4 · 0⤊ 0⤋
My Dad has used Vanguard since I've been a little girl and they have always served him well. They are who I will probably go with myself.
2007-09-04 04:30:37 · answer #7 · answered by vadagirl 2 · 2⤊ 0⤋
I've been pleased with Vanguard's performance.
2007-09-04 04:11:14 · answer #8 · answered by Suzy 5 · 2⤊ 0⤋