About 76% of assets in 403(b) plans are in annuity-based products. Almost all of those annuities contain surrender charges. So, before investing in one of these annuities it pays to understand how these charges work and what it means for you.
Do you ever feel overwhelmed by too many choices? The other day I walked into a specialty deli shop that had been highly recommended. A good friend – a self-proclaimed ‘foodie’ – gave the place high marks and said I should try it, however he failed to mention what...
So why are there some many annuities in 403(b) plans in the first place? As advisors that specialize in helping teachers making smart financial decisions on saving, investing and retirement, we are constantly amazed at why so many teachers own high-cost annuities...
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* Source: Pew Research Center
† Source: “Quantitative Analysis of Investor Behavior, 2014” Dalbar Inc. Most recent data available. An index is un-managed and one cannot invest directly into an index.
