Never had to actually use them, luckily everyplace I have been that offers it also has Fidelity/Vanguard. Do you happen to have that option or are you stuck with them?
Ok...so one of my employer's 403b accounts is with TIAA-CREF and it looks like all the investment options in it are variable annuity funds. When I started this account with my employer, I thought all the funds were just mutual funds. The reports on each fund are just like mutual funds, they have the morningstar ratings and categories, they have expense ratios just like mutual funds, etc., but after further detailed inspection they all say variable annuity fund. What is the difference between regular mutual funds in a retirement account and these variable annuity funds? And should I have these or should I go with my employer's other plan that offers regular mutual and index funds?
I just wanted the lowdown on the variable annuity funds. I don't quite understand the difference and whether it would be beneficial to move to the other company.