Ask your fund administrator whether the funds waived their load
fees. If they did not, chances are someone in the guam govt got a good
bribe for this highway robbery. Our firm has 401k and a few load funds
as options. Turns out that they waived the loads for us.

i

In article <91f9cb95.0401120253.37a119c9[at]posting.google.com> , John Kitchar wrote:
- quote -

Here is my situation--I thank anyone with sound advice for me.

I live on Guam USA...I work for the Government of Guam and I can
invest with Asia Pacific (Oppenheimer Funds) deducted from my
paychecks in a 403B retirement plan. I checked the fees today, and
discovered that they charge 5.75 percent up front.I believe this is my
only 403B option for deduction from Gov Guam payroll...through Asia
Pacific. Am I forced to use Asia Pacific for my 403B just because they
say they are the "only game" in town?

That sounds high to me...is it?

If it is too high, would I be better off just taking my after tax
savings and funding something like a no-load Vanguard online account?
Is a 403B with a 5.75 percent load better than simply investing
savings into a no load fund?

This would be additional income for me...I have 9 more years to go
before I can retire with the Government of Guam's defined benefit
plan.

Thanks for your time, JMK