457B ICMA-RC account help

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Topic Author
dodgersummer
Posts: 109
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457B ICMA-RC account help

Post by dodgersummer »

Hello,

My government 457B account has ridiculous fees. I am part of the managed pathways where they add an addition 0.5% to all the fees listed below. The only option my work has for deferred comp is ICMA-RC and Nationwide. I would like to get out of the managed pathways to get rid of the additional 0.5% fee. Any advice on which fund(s) I should keep and get rid of? I am 36 years old and can collect a pension at 55. Thanks.


Vantagepoint PLUS Fund R1A, B, C, D Stable Value 1.33%
VT Cash Management Fund R1B, C, D, E, II Cash Management 0.98%

Bond
Vantagepoint Core Bond Index Fund R1B, C, D, F Intermediate-Term Bond 0.94%
VT Western Asset Core Plus Bond Fund R1B, C, D, F, II Intermediate-Term Bond 1.07%
Vantagepoint Inflation Focused Fund R1B, C, D, F Inflation-Protected Bond 1.16%
VT PIMCO High Yield Fund R1B, C, D, F, G High Yield Bond 1.37%

Guaranteed Lifetime Income
VT Retirement IncomeAdvantage Fund R1B, C, D, H Guaranteed Income 2.22%

Balanced/Asset Allocation
Vantagepoint Milestone Retirement Income Fund R1B, C, D, I, II Target-Date Retirement 1.25%
Vantagepoint Milestone 2015 Fund R1B, C, D, I, II Target-Date 2015 1.26%
Vantagepoint Milestone 2020 Fund R1B, C, D, I, II Target-Date 2020 1.28%
Vantagepoint Milestone 2025 Fund R1B, C, D, I, II Target-Date 2025 1.30%
Vantagepoint Milestone 2030 Fund R1B, C, D, I, II Target-Date 2030 1.32%
Vantagepoint Milestone 2035 Fund R1B, C, D, I, II Target-Date 2035 1.33
Vantagepoint Milestone 2040 Fund R1B, C, D, I Target-Date 2040 1.34%
Vantagepoint Milestone 2045 Fund R1B, C, D, I Target-Date 2045 1.34%
Vantagepoint Milestone 2050 Fund R1B, C, D, I Target-Date 2050 1.34%
Vantagepoint Milestone 2055 Fund R1B, C, D, I, II, J Target-Date 2055 1.35%
Vantagepoint Milestone 2060 Fund R1B, C, D, I, II Target-Date 2060+ 1.57%
Vantagepoint Model Portfolio Conservative Growth Fund R1B, C, D Allocation--30% to 50% Equity 1.28%
Vantagepoint Model Portfolio Traditional Growth Fund R1B, C, D Allocation--50% to 70% Equity 1.30%
Vantagepoint Model Portfolio Long-Term Growth Fund R1B, C, D Allocation--70% to 85% Equity 1.30%
Vantagepoint Model Portfolio Global Equity Growth Fund R1B, C, D, K World Large Stock 1.32%
VT Puritan® Fund R1B, C, D, L Allocation--50% to 70% Equity 1.07%
U.S. Stock
Vantagepoint Equity Income Fund R1B, C, D, M Large Value 1.27%
VT Invesco Diversified Dividend Fund R1B, C, D, M Large Value 1.14%
VT MFS® Value Fund R1B, C, D, M Large Value 1.13%
Vantagepoint 500 Stock Index Fund R1B, C, D Large Blend 0.94%
Vantagepoint Broad Market Index Fund R1B, C, D Large Blend 0.94%
Vantagepoint Growth & Income Fund R1B, C, D Large Blend 1.14%
VT Parnassus Core Equity Fund R1B, C, D Large Blend 1.39%
VT Invesco Main Street Fund R1B, C, D, N Large Blend 1.15%
Vantagepoint Growth Fund R1B, C, D, M Large Growth 1.30%
VT Contrafund® R1B, C, D, L, M Large Growth 1.41%
VT T Rowe Price® Growth Stock Fund R1B, C, D, M, O Large Growth 1.47%
Vantagepoint Select Value Fund R1B, C, D, M, P Mid-Cap Value 1.37%
VT Victory Sycamore Established Value Fund R1B, C, D, M, P Mid-Cap Value 1.18%
Vantagepoint Mid/Small Company Index Fund R1B, C, D, Q Small Blend 0.95%
Vantagepoint Aggressive Opportunities Fund R1B, C, D, M, P Mid-Cap Growth 1.39%
VT AMG TimesSquare Mid Cap Growth Fund R1B, C, D, M, P Mid-Cap Growth 1.73%
VT Carillon Eagle Mid Cap Growth Fund R1B, C, D, M, P Mid-Cap Growth 1.28%
VT LSV Small Cap Value Fund R1B, C, D, M, Q Small Value 1.64%
Vantagepoint Discovery Fund R1B, C, D, Q Small Blend 1.34%
VT Invesco Discovery Fund R1B, C, D, M, N, Q Small Growth 1.38%
International/Global Stock
Vantagepoint International Fund R1B, C, D, K Foreign Large Blend 1.52%
Vantagepoint Overseas Equity Index Fund R1B, C, D, K Foreign Large Blend 1.01%
VT Diversified International Fund R1B, C, D, K, M Foreign Large Blend 1.60%
Vantagepoint Emerging Markets Fund R1B, C, D, J, K Diversified Emerging Mkts 1.60%
Specialty
VT Nuveen Real Estate Securities Fund R1B, C, D, R Real Estate 1.60%
lakpr
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Re: 457B ICMA-RC account help

Post by lakpr »

These are the only half-decent funds among the line up:

Vantagepoint 500 Stock Index Fund R1B, C, D Large Blend 0.94%
Vantagepoint Core Bond Index Fund R1B, C, D, F Intermediate-Term Bond 0.94%
Topic Author
dodgersummer
Posts: 109
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Re: 457B ICMA-RC account help

Post by dodgersummer »

lakpr wrote: Mon Jun 21, 2021 2:49 pm These are the only half-decent funds among the line up:

Vantagepoint 500 Stock Index Fund R1B, C, D Large Blend 0.94%
Vantagepoint Core Bond Index Fund R1B, C, D, F Intermediate-Term Bond 0.94%
Would you recommend moving everything to just those 2 funds?
lakpr
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Re: 457B ICMA-RC account help

Post by lakpr »

dodgersummer wrote: Mon Jun 21, 2021 2:57 pm
lakpr wrote: Mon Jun 21, 2021 2:49 pm These are the only half-decent funds among the line up:

Vantagepoint 500 Stock Index Fund R1B, C, D Large Blend 0.94%
Vantagepoint Core Bond Index Fund R1B, C, D, F Intermediate-Term Bond 0.94%
Would you recommend moving everything to just those 2 funds?
Yes. Actually I would not even recommend investing in these funds, but invest in taxable instead .... but if you MUST invest, these are the only two funds I would care about.

Edit: I missed this one earlier, same ER. Substitute the 500 fund with this one instead Vantagepoint Broad Market Index Fund R1B, C, D Large Blend 0.94%

What is this fund yielding?
Vantagepoint PLUS Fund R1A, B, C, D Stable Value 1.33%

The 1.33% ER can be ignored, since the Stable Value funds must report their performance figures net of the expenses. If you are getting anything more than 1.5% in this Stable Value fund, you can even substitute the Core Bond Index fund I mentioned above with this Stable Value.

The stable value fund in my own 401k plan reported that in the quarter ending March 2021, they paid out 0.39%. That works out to be 1.56% annualized ...
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sergeant
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Re: 457B ICMA-RC account help

Post by sergeant »

Yikes! These fees are horrible. My 457b account was with ICMA-RC for about 35 years. My fees were much better, not Vanguard low, but more in the .20-.40 range with no other add on fees. ICMA-RC did offer good services and customer care so I didn't mind the fees.

A few years ago my employer had a contractor shop around for a better provider. We ended up at MassMutual. It has been great. Rock bottom fees, Stable Value fund more than twice the guaranteed rate that ICMA-RC offered, good service, excellent transition, website is good. MassMutual is now transitioning us to Empower Retirement. Nothing seems to have changed.

I still have an RHS account with ICMA-RC. Fees are low. Last week ICMA-RC became Mission Square Retirement. My RHS account is 50/50 Broad Market Index/Stable Value. The index fund shows an ER of .59 and Stable Value has a guaranteed rate of 1.66%. That SV rate is half what the SV fund at MassMutual pays. :( If we could leave ICMA-RC with the RHS we would, but no other provider has an RHS agreement with the IRS so I'm stuck.

Any chance of you going to your employer and asking them to put out a contract for a new provider? The contractor will do all the work, put together several better options, and do it for free as the new provider will compensate the contractor.
For the ashes of his fathers, And the temples of his gods. | Pensions= 2X yearly expenses. Portfolio= 40X yearly expenses.
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Duckie
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Re: 457B ICMA-RC account help

Post by Duckie »

dodgersummer wrote: Mon Jun 21, 2021 2:44 pm Any advice on which fund(s) I should keep and get rid of?
The only funds I would consider are:
  • Vantagepoint Broad Market Index 0.94% -- Most US stocks
  • Vantagepoint Overseas Equity Index 1.01% -- Developed markets, 75% of international stocks
  • Vantagepoint Core Bond Index 0.94% -- US bonds
These are decent funds although expensive. It would be to your advantage to contribute to them before adding to taxable, especially if you can avoid the 0.50% additional fee.

If you have a Roth IRA that would be a good place for international.
Topic Author
dodgersummer
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Re: 457B ICMA-RC account help

Post by dodgersummer »

lakpr wrote: Mon Jun 21, 2021 3:18 pm
dodgersummer wrote: Mon Jun 21, 2021 2:57 pm
lakpr wrote: Mon Jun 21, 2021 2:49 pm These are the only half-decent funds among the line up:

Vantagepoint 500 Stock Index Fund R1B, C, D Large Blend 0.94%
Vantagepoint Core Bond Index Fund R1B, C, D, F Intermediate-Term Bond 0.94%
Would you recommend moving everything to just those 2 funds?
Yes. Actually I would not even recommend investing in these funds, but invest in taxable instead .... but if you MUST invest, these are the only two funds I would care about.

Edit: I missed this one earlier, same ER. Substitute the 500 fund with this one instead Vantagepoint Broad Market Index Fund R1B, C, D Large Blend 0.94%

What is this fund yielding?
Vantagepoint PLUS Fund R1A, B, C, D Stable Value 1.33%

The 1.33% ER can be ignored, since the Stable Value funds must report their performance figures net of the expenses. If you are getting anything more than 1.5% in this Stable Value fund, you can even substitute the Core Bond Index fund I mentioned above with this Stable Value.

The stable value fund in my own 401k plan reported that in the quarter ending March 2021, they paid out 0.39%. That works out to be 1.56% annualized ...
Wouldn't only doing doing taxable give up all the tax benefits of the deferred comp?
Topic Author
dodgersummer
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Re: 457B ICMA-RC account help

Post by dodgersummer »

Duckie wrote: Mon Jun 21, 2021 3:51 pm
dodgersummer wrote: Mon Jun 21, 2021 2:44 pm Any advice on which fund(s) I should keep and get rid of?
The only funds I would consider are:
  • Vantagepoint Broad Market Index 0.94% -- Most US stocks
  • Vantagepoint Overseas Equity Index 1.01% -- Developed markets, 75% of international stocks
  • Vantagepoint Core Bond Index 0.94% -- US bonds
These are decent funds although expensive. It would be to your advantage to contribute to them before adding to taxable, especially if you can avoid the 0.50% additional fee.

If you have a Roth IRA that would be a good place for international.
I have my Roth IRA in vanguard target date retirement and VTSAX. Do you recommend not doing the core bond equity index in the 457B since i get international in my Roth IRA target date fund?
Last edited by dodgersummer on Mon Jun 21, 2021 4:24 pm, edited 1 time in total.
Topic Author
dodgersummer
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Re: 457B ICMA-RC account help

Post by dodgersummer »

sergeant wrote: Mon Jun 21, 2021 3:45 pm Yikes! These fees are horrible. My 457b account was with ICMA-RC for about 35 years. My fees were much better, not Vanguard low, but more in the .20-.40 range with no other add on fees. ICMA-RC did offer good services and customer care so I didn't mind the fees.

A few years ago my employer had a contractor shop around for a better provider. We ended up at MassMutual. It has been great. Rock bottom fees, Stable Value fund more than twice the guaranteed rate that ICMA-RC offered, good service, excellent transition, website is good. MassMutual is now transitioning us to Empower Retirement. Nothing seems to have changed.

I still have an RHS account with ICMA-RC. Fees are low. Last week ICMA-RC became Mission Square Retirement. My RHS account is 50/50 Broad Market Index/Stable Value. The index fund shows an ER of .59 and Stable Value has a guaranteed rate of 1.66%. That SV rate is half what the SV fund at MassMutual pays. :( If we could leave ICMA-RC with the RHS we would, but no other provider has an RHS agreement with the IRS so I'm stuck.

Any chance of you going to your employer and asking them to put out a contract for a new provider? The contractor will do all the work, put together several better options, and do it for free as the new provider will compensate the contractor.
We're a small city and they do offer Nationwide as well. I am guessing Nationwide has comparable fees due to the small size of our city. The Nationwide rep told me before that they do offer Vanguard funds for us but he never got back to me when i asked him what the fees were. Is Nationwide any better than ICMA-RC in your opinion?
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sergeant
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Re: 457B ICMA-RC account help

Post by sergeant »

dodgersummer wrote: Mon Jun 21, 2021 4:22 pm
sergeant wrote: Mon Jun 21, 2021 3:45 pm Yikes! These fees are horrible. My 457b account was with ICMA-RC for about 35 years. My fees were much better, not Vanguard low, but more in the .20-.40 range with no other add on fees. ICMA-RC did offer good services and customer care so I didn't mind the fees.

A few years ago my employer had a contractor shop around for a better provider. We ended up at MassMutual. It has been great. Rock bottom fees, Stable Value fund more than twice the guaranteed rate that ICMA-RC offered, good service, excellent transition, website is good. MassMutual is now transitioning us to Empower Retirement. Nothing seems to have changed.

I still have an RHS account with ICMA-RC. Fees are low. Last week ICMA-RC became Mission Square Retirement. My RHS account is 50/50 Broad Market Index/Stable Value. The index fund shows an ER of .59 and Stable Value has a guaranteed rate of 1.66%. That SV rate is half what the SV fund at MassMutual pays. :( If we could leave ICMA-RC with the RHS we would, but no other provider has an RHS agreement with the IRS so I'm stuck.

Any chance of you going to your employer and asking them to put out a contract for a new provider? The contractor will do all the work, put together several better options, and do it for free as the new provider will compensate the contractor.
We're a small city and they do offer Nationwide as well. I am guessing Nationwide has comparable fees due to the small size of our city. The Nationwide rep told me before that they do offer Vanguard funds for us but he never got back to me when i asked him what the fees were. Is Nationwide any better than ICMA-RC in your opinion?
I don't know anything about Nationwide. You are probably paying more at ICMA due to being a small city. Their fees lower as the asset base grows. I was from a midsize city with most every employee participating. Have you talked to HR about the high fees? A call from HR threatening to look for another provider might get ICMA's attention and lead to a lowering of fees. I was on our 457b committee and we had the ICMA representative attend our meetings several times and got additional services and fees lowered by simply asking.
For the ashes of his fathers, And the temples of his gods. | Pensions= 2X yearly expenses. Portfolio= 40X yearly expenses.
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dodgersummer
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Re: 457B ICMA-RC account help

Post by dodgersummer »

Duckie wrote: Mon Jun 21, 2021 3:51 pm
dodgersummer wrote: Mon Jun 21, 2021 2:44 pm Any advice on which fund(s) I should keep and get rid of?
The only funds I would consider are:
  • Vantagepoint Broad Market Index 0.94% -- Most US stocks
  • Vantagepoint Overseas Equity Index 1.01% -- Developed markets, 75% of international stocks
  • Vantagepoint Core Bond Index 0.94% -- US bonds
These are decent funds although expensive. It would be to your advantage to contribute to them before adding to taxable, especially if you can avoid the 0.50% additional fee.

If you have a Roth IRA that would be a good place for international.
Is the core bond index even worth having when the expense ratio is 0.94% or should i just keep bond in the Vanguard Target date Roth IRA?
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Duckie
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Re: 457B ICMA-RC account help

Post by Duckie »

dodgersummer wrote: Mon Jun 21, 2021 5:06 pm Is the core bond index even worth having when the expense ratio is 0.94% or should i just keep bond in the Vanguard Target date Roth IRA?
In general it's better to put assets with higher expected growth (stocks) in Roth accounts and assets with lower expected growth (bonds) in pre-tax accounts. That's because you've already paid the taxes in the Roth accounts so future growth is tax-free. So even though it is expensive I would put your bond allocation in the pre-tax 401k and just stocks in the Roth IRA.
lakpr
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Re: 457B ICMA-RC account help

Post by lakpr »

dodgersummer wrote: Mon Jun 21, 2021 4:16 pm Wouldn't only doing doing taxable give up all the tax benefits of the deferred comp?
You are 36 now, and plan to retire at 55. That's 19 years, let's call it for round numbers sake, 20 years of investing horizon.

Your choice is either invest $10k in deferred-comp plan, and reap the tax benefits (say you are in 22% bracket), then at the time of withdrawal pay the tax rate then in existence.

OR

you invest $7800 per year in taxable account (adjusted for 22% tax rate), pay only long term capital gains taxes on the withdrawals.

Assume markets grow at a compounded annual growth rate of 6% (real rate of return assumed, meaning over and above inflation) over the next 20 years. In taxable you capture this fully, but in tax-deferred you get only 5% due to 1% expense ratios.

Future value of $10k per year, invested for 20 years, growing at 5% rate = FV (5%, 20, -$10,000) = $330.7k
Since tax rates are poised to go back to 2017 levels by 2026 and you aren't going to be retired by then, the after-tax value of this pot of money = $330.7 * 0.85 = $281k in today's money.

Future value of $7.8k per year invested for 20 years, growing at 6% rate = FV (6%, 20, -$7,800) = $286k. However you owe long term capital gains on this pot of money. Total capital gains = $286k - 20 * $7,800 = $286k - $146k = $140k.

Since you will be in the lower tax bracket in retirement than now, let me assume that half the gains will be taxed at 0% and half the gains at the LTCG rate of 15%. Average is 7.5%, so the LTCG tax = $10.5k. Total after tax value of taxable investment = $286k - $10.5k = $275.5k.

SURE -- you will not break even with tax-deferred investments with taxable account. HOWEVER, in taxable, you could presumably manipulate your withdrawals such that you may always stay under the 0% threshold, or at worse you pay a $10k to $20k taxes. The amount of tax you pay on the capital gains is the difference between taxable and tax-deferred.
Topic Author
dodgersummer
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Re: 457B ICMA-RC account help

Post by dodgersummer »

lakpr wrote: Mon Jun 21, 2021 8:53 pm
dodgersummer wrote: Mon Jun 21, 2021 4:16 pm Wouldn't only doing doing taxable give up all the tax benefits of the deferred comp?
You are 36 now, and plan to retire at 55. That's 19 years, let's call it for round numbers sake, 20 years of investing horizon.

Your choice is either invest $10k in deferred-comp plan, and reap the tax benefits (say you are in 22% bracket), then at the time of withdrawal pay the tax rate then in existence.

OR

you invest $7800 per year in taxable account (adjusted for 22% tax rate), pay only long term capital gains taxes on the withdrawals.

Assume markets grow at a compounded annual growth rate of 6% (real rate of return assumed, meaning over and above inflation) over the next 20 years. In taxable you capture this fully, but in tax-deferred you get only 5% due to 1% expense ratios.

Future value of $10k per year, invested for 20 years, growing at 5% rate = FV (5%, 20, -$10,000) = $330.7k
Since tax rates are poised to go back to 2017 levels by 2026 and you aren't going to be retired by then, the after-tax value of this pot of money = $330.7 * 0.85 = $281k in today's money.

Future value of $7.8k per year invested for 20 years, growing at 6% rate = FV (6%, 20, -$7,800) = $286k. However you owe long term capital gains on this pot of money. Total capital gains = $286k - 20 * $7,800 = $286k - $146k = $140k.

Since you will be in the lower tax bracket in retirement than now, let me assume that half the gains will be taxed at 0% and half the gains at the LTCG rate of 15%. Average is 7.5%, so the LTCG tax = $10.5k. Total after tax value of taxable investment = $286k - $10.5k = $275.5k.

SURE -- you will not break even with tax-deferred investments with taxable account. HOWEVER, in taxable, you could presumably manipulate your withdrawals such that you may always stay under the 0% threshold, or at worse you pay a $10k to $20k taxes. The amount of tax you pay on the capital gains is the difference between taxable and tax-deferred.
Finally heard back from the Nationwide Rep and here's a list of their offerings with expenses. I'm thinking I should go with just the two funds of Vanguard Total Bond Market Index Fund - Admiral Shares and Vanguard 500 Index Fund - Admiral Shares. Do think that is best to have just these two funds in my 457 account? The Nationwide rep said the only other fee is up to a .0043 bps admin fee/yr which is deducted out of the account performance.


Target Date Funds

Nationwide Destination 2025 Fund 0.65
Nationwide Destination 2030 Fund - Institutional Service Class 0.66
Nationwide Destination 2035 Fund - Institutional Service Class 0.66
Nationwide Destination 2040 Fund - Institutional Service Class 0.65
Nationwide Destination 2045 Fund - Institutional Service Class 0.65
Nationwide Destination 2050 Fund - Institutional Service Class 0.65
Nationwide Destination Retirement Fund - Institutional Service Class 0.64

Asset Allocation Funds

Nationwide Investor Destinations Aggressive Fund 0.93
Nationwide Investor Destinations Conservative Fund 0.89
Nationwide Investor Destinations Moderate Fund 0.91
Nationwide Investor Destinations Moderately Aggressive Fund 0.94
Nationwide Investor Destinations Moderately Conservative Fund: 0.92

International Stocks

EuroPacific Growth Fund 0.84
Fidelity Overseas Fund 1.04
Invesco Global Fund - Class A 1.06
Templeton Foreign Fund 1.19

Small Cap Stocks
Brown Capital Management Small Company Fund (The) - Investor Class 1.25
DFA U.S. Micro Cap Portfolio - Institutional Class 0.44
Nationwide American Century Small Cap Income Fund - Institutional Service Class 1.26

Mid Cap Stocks

Federated Hermes Kaufmann Fund - Class R Shares 2.23
Invesco Main Street Mid Cap Fund - Class A 1.11
JPMorgan Mid Cap Value Fund 1.24

Large Cap Stocks

American Century Growth Fund 0.97
American Century Select Fund 0.99
American Century Ultra Fund 0.97
DWS CROCI Equity Dividend Fund - Class A 1.02
Fidelity Contrafund 0.86
Fidelity Equity-Income Fund 0.60
Fidelity Magellan(R) Fund 0.77
Janus Henderson Forty Fund - Class S 1.17
Janus Henderson Research Fund - Class T 0.78
Nationwide Fund - Class A 0.92
Nationwide Large Cap Growth Portfolio 0.95
Neuberger Berman Sustainable Equity Fund - Investor Class 0.87
The Growth Fund of America(R), Inc. 0.64
The Investment Company of America(R) 0.58
Vanguard 500 Index Fund - Admiral Shares 0.04
Vanguard(R) Institutional Index Fund - Institutional Shares 0.04
Vanguard(R) Windsor(TM) II Fund - Investor Shares 0.34
Washington Mutual Investors Fund(SM) 0.59

Balanced

American Century Balanced Fund - Investor Class 0.91
Fidelity Puritan(R) Fund 0.52
The Income Fund of America(R), Inc. 0.57
Vanguard(R) Wellesley(R) Income Fund 0.22
Vanguard(R) Wellington(TM) Fund - Investor Shares 0.24

Bonds

DWS High Income Fund - Class A 0.95
The Bond Fund of America(SM), Inc. 0.57
Vanguard Total Bond Market Index Fund - Admiral Shares 0.05

Short-Term Investments

Galliard Stable Value Fund C 1.64
Principal Funds, Inc. - Government & High Quality Bond Fund - Class A 0.78
lakpr
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Re: 457B ICMA-RC account help

Post by lakpr »

Use the Institutional Index fund, it's the same as the 500 index fund.

Vanguard(R) Institutional Index Fund - Institutional Shares 0.04
Vanguard Total Bond Market Index Fund - Admiral Shares 0.05
Topic Author
dodgersummer
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Re: 457B ICMA-RC account help

Post by dodgersummer »

lakpr wrote: Tue Jun 22, 2021 6:23 pm Use the Institutional Index fund, it's the same as the 500 index fund.

Vanguard(R) Institutional Index Fund - Institutional Shares 0.04
Vanguard Total Bond Market Index Fund - Admiral Shares 0.05

Thank you for the help. I will go with these two with a 81.5/18.5 ratio. Very much appreciated.
edudad
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Re: 457B ICMA-RC account help

Post by edudad »

If you have a pension, you can skip this 457 with poor fund lineup. Invest in taxable. Most probably you might have higher taxes in retirement and the 457 might add to the rmd bomb.
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