My Plans Don't Have Fees, Do They?
Learned by Being Burned: Teachers and the K-12 403(b)
Release Date: 03/16/2022
Learned by Being Burned: Teachers and the K-12 403(b)
The fiduciary advice model couldn't be more different than how most K-12 403(b) products are sold. Fiduciary advisors discuss how they work in the best interest of their clients.
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Teacher Barb Besal discusses narrating Learned by Being Burned: Teachers and the K-12 403(b). Veteran journalist Steve Buel shares how he researched, reported and wrote the series.
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In the final episode of the series, we share 403(b) advocacy success stories. We also learn how one district moved from 14 vendors to one low-cost option. Finally, we discuss what can be done to continue improving the quality of K-12 403(b) plans, and what role unions, school districts and the government should play in the fight to ensure that teachers and school employees are offered the best possible retirement options.
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National grassroots advocacy movement striving to reform the 403(b) faces obstacles from school districts, unions and the insurance industry.
info_outlineLearned by Being Burned: Teachers and the K-12 403(b)
Teachers learn that breaking up with their financial company is hard to do. They also discover that they can count on little help from their employer, their unions, and the federal government.
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Teachers discover the 403(b) products they have been sold are expensive resulting in hundreds of thousands of dollars in lost savings.
info_outlineLearned by Being Burned: Teachers and the K-12 403(b)
Teachers describe how they were sold high-cost 403(b) investments. Sales agents detail their tactics.
info_outlineLearned by Being Burned: Teachers and the K-12 403(b)
Learned by Being Burned: Teachers and the K-12 403(b). The short series that explores the dysfunctional world of supplemental retirement plans, the maddening industry behind them, and the growing movement to fix what is broken.
info_outlineTeachers discover the 403(b) products they have been sold are expensive resulting in hundreds of thousands of dollars in lost savings.