Your school system provides you with a list of 403(b) companies. The 457 is different. The city/town usually provides one company.Read More
Independent Financial Advisor Tim Hayes provides comprehensive 403(b) solutions for public school employees in MA, RI, NH and ME.
Public school educators including university professors and administrators can save more pretax than any other employee in either the public or private sector.Read More
Public employees in Massachusetts get impacted by two Federal Laws because they do not pay into Security Security.Read More
The Fiduciary Rule applies mostly to private sector retirement plans, such as 401(k)s, SEPs, SIMPLEs, and 403(b) plans that fall under ERISA. The administration believes the rule is needed because conflicts of interest are causing 401(k) participants and IRA owners to pay higher fees, resulting in smaller account balances.Read More
Diversification is the proverbial don’t put all your eggs in one basket. So within an asset class like bonds, a diversified investor owns treasury bonds, corporate bonds, high-yield bonds, and international bonds, benefiting from the fluctuations from year to year in returns.Read More