Starting a 457B plan with my workplace, I called in today while they're setting it up to ask a few questions. The plan is organized through Voya and will offer multiple Portfolio options that range from extremely conservative to super aggressive, I'm not really interested in managed portfolios whatsoever so I asked if there is a self-managed option and they said yes. They said there is a self-managed option that is done with the collaboration of Voya and Schwab that will charge an asset based fee and wouldn't give me any specifics on the percentages on the phone but said they would be available to view once my account is fully setup online. My question is for fellow government employees, is this a normal setup? A secondary question is would these fees even be worth facing in the future when even 1% could be thousands of dollars in fees every year? I feel like I'm being forced to either take worse gains through a managed free portfolio or a self-managed setup that is destroyed through fees.
Submitted April 17, 2024 at 11:54PM by LegendaryMilkman https://ift.tt/s2rmZXy
