When I first started looking into IRA accounts, broker options were very limited. My discount broker at the time, Ameritrade, did not offer a Roth IRA or Traditional IRA option. My Credit Union did offer me an IRA ac investment option. However, the investment choices sound very similar to that teacher’s choices. My choices were front-end loaded or back-end loaded mutual funds, with an expensive trading fee ($25) to boot. That was my primary IRA ac choice for the first 1.5 years.
Luckily for me, discount brokerages started offering IRA investment options. Transferring the mutual funds to the brokerage IRA would have cost more, so I bit the bullet, sold the mutual funds and transferred the proceeds in cash to my brokerage IRA. No mutual funds in IRA or Roth IRA since that expensive lesson
A question completely unrelated to the content of the article:
As a teacher, I made a mistake with my retirement savings that cost me a fortune — but I’ve finally fixed it
Story by email@example.com (Katie Oelker) •1d
This article was originally published in March 2021.
Original story from 2021: The 403(b) Retirement Savings Mistake That Cost Me a Fortune
How can it be originally published over two years ago yet be a “story by Katie” from a day ago? Anyone have an expertise on this?
My take –
Story is 1 day old on insider.com, but was originally posted on another platform 2 years ago.
Katie is a “content aggregator”, bringing new revenue to her private equity employer from old stories they’ve already paid for. It’s likely that “Katie” is Chat-GPT. Private Equity didn’t get rich by paying a “living wage”.
Could likely be - AI “entity” has a website, but no image.