403(b)wise
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Gain a greater understanding of the 403(b) from our favorite reads.
Advocacy Stories
All too often, public 403(b) plans have been beset by overly aggressive sales tactics, high fee products, lack of plan awareness by the employer, and nefarious union involvement. Over the past few years a number of cases have made the news that bring to light some of the issues surrounding 403(b) plans while also giving hope that positive change is on the horizon. Here are some highlights:
New Jersey Teacher Wins Fight on 403(b) Fees »
Math teacher Bruce McNutt persuaded school board to add Vanguard 403(b) products.
Unions' Advice is Failing Teachers »
Labor groups have joined forces with investment firms to steer members into 403(b) plans that often have high expenses and poor returns.
Fleecing Teachers »
Some of the biggest names in insurance — AIG, ING, AXA, MetLife — peddle lousy retirement plans to teachers. One and a half million teachers blithely signed up for these dogs — often with their unions' blessing.
Shark Attack! »
Teachers, college professors and other education workers are being threatened by sharks — but not the kind that swim in the sea!
Annuity Warnings
Why Annuities Rarely Makes Sense in 403(b)»
Annuities make sense for very few individuals.
(Another) Equity Indexed Annuity Warning»
Excerpt: touted as a vehicle for investors to realize stock-market-like gains without the risk, a “best of both worlds” marketing strategy.
Blueprint for Change
403(b)ill of Rights »
Amendments designed to bring the 403(b) into the 21st century.
Blueprint for Action
The 403(b) Commandments »
Ten rules to invest by.
Books on Investment
Teach and Retire Rich »
Easy-to-read guide to wealth building for educators by 403(b)wise.
The Richest Man in Babylon »
Timeless tale of wise money management.
Research
Who's Watching the Door? »
Poor employer plan oversight costs teachers thousands of dollars in lost retirement savings.
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The 403(b) Commandments »
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