I have a 403(b) retirement plan invested in a low-cost target date fund. Instead of offering sensible, low-cost options, these subpar retirement plans are filled with high-fee annuities. You can investigate the neighboring district’s plan at 403bwise.org, a nonprofit site dedicated to educating teachers about the issue. If you apply at 62, though, you’ll be accepting a permanent reduction in both your own retirement benefit and any future spousal benefit, as I explained in an earlier column. The post Do I have to change retirement plans when I change jobs?