I currently get $315 taken out of my paycheck twice a month and put into a 403(b) annuity that has a variety of S&P 500 tracking funds. Currently have around ~$31k in my 403(b) at 27 years old.
I like this because I don’t have to think about investing. It is taken out of my paycheck before my direct deposit and I don’t have to make decisions on when to invest.
The only issue is the expense ratios are quite a bit higher than my Vanguard options. The lowest ER I have with the Annuity funds are somewhere close to .6% vs Vanguard funds being closer to ~.03-.10.
Is it better for me to stop contributing to my 403(b) and instead max out my Vanguard Roth IRA into ETFs like VOO, VT, etc?
I get no employer match, so it’s essentially a question of if the expense ratios will really make that much of a difference?
Sorry if I explained anything poorly, I’m still learning. Any help is appreciated.