Every teacher’s needs are different. There is no one-size-fits-all when it comes to selecting the features and benefits of your 403(b) and 457(b) plans. Be sure to examine all of your options when choosing a sub-plan that is most suitable for you and your family.
Not only is it up to you to pick the right plan for your particular situation, but because these accounts contain multiple types of investments, it is also your responsibility to regularly monitor your account and make adjustments as market conditions change in today’s volatile market. Due to the fact that the average person doesn’t have the time or desire to gain a thorough understanding of this topic, it is more important than ever to seek the help of a qualified financial advisor who can not only guide you through the complexity of the choices facing you, but also monitor your accounts appropriately.