Vanguard Brokerage Option
Not long ago, Vanguard, the large mutual fund family that I speak extremely of and the administrator of my 403(b) plan, began offering a “brokerage option” in the 403(b) plan. the brokerage option means that I can use a certain percentage of the money in my 403(b) plan to make investments that are not in the selections offered by the plan. For instance, while my Vanguard bought at plan offers much Vanguard (and a few other) mutual funds, it does not offer two funds that I am very interested in: the Vanguard GNMA Fund and the Vanguard Total International Stock Index Fund.