You are a valuable contributor to this forum. Your fees are too expensive for most of us DIYers here but just the same, you are mistaken to think I am hostile towards you personally or that continuing this dialog is too time-consuming for your business.
Our public dialog might be the only teacher and financial adviser dialog in the entire history of 403b plans that is 100% transparent, because out here in California ANY discussion about 403(b) plans with public k-12 school districts absolutely does not exist publically!!! Like it or not continuing this dialog IS your business. I remember an old truism, be careful what you want because you might get it. Do you understand that you are a rarity because you are respected by Dan, Scotty and others here?
Most of us here are on to the industry's game of how your profession makes money. That is your business to continue the dialog so that this conversation plays out so that all parties are satisfied. It may take time to work out, but its been 55 years of highly successful sales of TSAs in public schools and so changing that dialog will never end unless we talk. And when we do talk, it will take time. Our advocacy started in the mid-1990s and we made sporadic progress, but total reform is years away, probably another generation of educators will be abused and ex ploided.
Dave, I know you know that the problem is not with me, or the rest of the frequent posters here, it's with the teachers' unions, districts, and the education profession with the massively isolating mentality. You know how our profession thinks. Educators are a highly diversified group of professionals from all ethnic and racial groups, but when it comes to saving in a 403(b) or 457(b) for retirement, according to statistics, 70% of all k-12 public educators, the thinking does not come to fruition because we have a pension. My colleagues pretty much think as one--fear of the market by believing their 403(b) annuity sales person over everybody else.
I am positive you have already read Scotty D's excellent book, The Wild West: Providing Fiduciary Advice to Public School Employees. Just the same I included here for other FAs to consider reading. Mr. or Ms. professional FA, you can have a business within the constraints of this highly secretive profession. Scott has lived it. It's written for professionals like yourself who want to offer fiduciary FA to our profession, and that in itself will reform this terrible current 403(b) system. Here is my review on Amazon: https://www.amazon.c...ASIN=B01AGRT4SA