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Investing/Strategies / Retirement Investing   Subject:  Re: 403B
Fees Date:  12/5/1998  11:08 AM Author:  TMFPixy Number:  7038
of 74001  Ataloss writes:  <<I am glad to see that someone else
has dealt with such a horrible system. My wife's former employer
had a similar arrangement for their 403b but the only choices
were insurance company TSA annuity accounts. She invested in an
Aetna annuity that was supposed to be investing in Twentieth
Century's Growth fund. No matter how much 20th Century Growth
goes up, her annuity account shows essentially no growth. She
stopped working there but felt sort of trapped by the fee for
terminating the annuity. We have since realized that paying
Aetna 5% to go away is a relative bargain compared to sticking
with a massively underperforming investment.  My bias is that in
general annuities are horrible investments. In a tax sheltered
account where you are getting no tax benefit they are worse.>>
An expensive education, but o