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elleebeme5
08-15-2004, 11:31 PM
I have to decide between a 403 or 457 for supplemental retirement. I have no clue. The financial advisors aren't explaining to me in a way that I feel comfortable making a good choice. I know that there are some reliable ones on given topics (i.e. WebMD for health). What's a good site for learning about investing and/or making financial decisions?

CoCo2000
08-16-2004, 03:02 AM
I don't know if you are familiar with Black Enterprise Magazine or not, but there is a wealth of information on their website about investing and a variety of other topics. Here is a link to their investing information online:

Investing Information from blackenterprise.com (http://www.blackenterprise.com/InvestingKnow.asp)

HTH

ETA:
The information in the column on the right of the screen is specifically aimed at those who are new to investing. It is very helpful. :thumbsup

BestNatural
08-16-2004, 03:31 AM
Yes...Black Enterprise is a great source. Check out Suze Orman's website and she has a tv show that comes on I think it is CNBC. Also, check out your local bookstore they might have some books on investing/retirement.
I know there is a lot of info. Just start somewhere.


:rainfro

stace
08-16-2004, 03:35 AM
I have a book that might be helpful: Rich Dad, Poor Dad by; Robert Kyawski(not sure about that last name) Sold at just about any book store.

elleebeme5
08-16-2004, 12:19 PM
Thank you all so much. I visited the recommended sites and I will continue to search for more. The MSN Money board was recommended by someone on another thread so I'll check that out as well. I have to decide my Wednesday. My biggest concern is that I'll do nothing. It's easy to study and study and study and let the deadline pass. I have to keep telling myself that the important thing is the save; 403(b) or 457 will work itself out.

tran68
08-16-2004, 03:39 PM
I go here alot, the personal finance page is good.

CNN (http://money.cnn.com/)

alicia4065
08-16-2004, 05:11 PM
U can check out this website and click on Money & Investing.
http://www.rce.rutgers.edu/

Peace and Blessings
Alicia

Nappalonia
08-16-2004, 09:11 PM
Coco200 beat me to it, I was also going to suggest BE. :thumbsup

Lagina
08-16-2004, 10:42 PM
Ok You must be working for some kind of tax exempt org. thats the only way they can offer you the 403(b) plan. Like a teacher or some local government. Anyway the 403(b) plan is only allowed to invest in annuities and mutual funds no stocks so there is something you might want to think about. If you are going to retire before 59 1/2 I would do the 457. I would probably do the 457 as long as they have the option to invest in stocks! Also I think you might be able to pick both. You might want to ask if you can pick both, I think you can pick both becasue of the "dumb" rules of the 403 (b). Please pick one or both of them before Wed. If your employer matches that is giving away free money!!! Hope that helps. Pm me if you need more help.

elleebeme5
08-19-2004, 12:24 AM
I chose the 457 but I plan on working till Medicare kicks in. I'm an absent minded professor so I was confused about the deadline. It was Wednesday for the deductions to start in September. You can start at any time during the semester.

Thanks for the advice.

divajag
08-19-2004, 05:04 AM
I'm surprised nobody has mentioned The Motley Fool (http://www.fool.com) .

Their message boards are a GREAT source of information. The boards are not free, but you can get a 30-day trial to see if you want to pay for the service. I pay for access to the boards and I think it's well worth my money, especially the Consumer Credit/Credit Card section.