Ask the Advisor

Are you curious about investing, retirement planning or other financial issues? Post your question here. A team of financial experts will choose two questions every other week and post the answers. You can also view a list of frequently asked questions.

Retirement Planning

If I'm in an annuity with surrender charges in my 403(b) and I have a "term," is that for all the money going in?
I just discovered that my 403 (b) annuity includes surrender charges. What should I do?
What is the main difference between a 457 plan and 403(b) plan, and how much can I contribute to both?
What is the Social Security Windfall Elimination Provision and how does it affect me?
What's the maximum I can contribute to my 403(b) and 457 every month?
What percentage of my income should I save for retirement each year?
My husband's company matches his 401(k). Should I be contributing to a 403(b) account also?
Can I invest directly in mutual funds within my 403(b) and, if so, what should I look for?
What are the pros and cons of rolling over an IRA to a Roth IRA?
What is the best way to invest if you are 60 years old? Is it too late to start?
My husband just passed away and I will be receiving his retirement. What is the best thing to do with it?
Is it worth $20,000 to buy a year of CalSTRS service credit?
What are the pros and cons of taking a loan from my 403(b) plan?
I am changing districts. Can I transfer my 403(b), and will I have to pay any surrender fees?

Debt Management

College Savings

What are the pros and cons of using a 529 plans for my kids' college?

Estate Planning

Please note that neither California Teachers Association, CTAinvest.org nor any of its affiliates and associates act as investment advisors or investment fiduciaries. We cannot recommend a specific investment, asset allocation or investment strategy for you. For advice specific to your personal situation, please consult a financial advisor. In addition, California Teachers Association, CTAinvest.org nor any of its affiliates and associates give tax advice. Consult a tax advisor or attorney about your situation.

Thank you for your question.

If your question is selected, you will receive an e-mail with a link to the answer on the CTAinvest.org site. Please note that submitted questions will be edited to eliminate the names of specific vendors or products.