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"For instance, he suggested that participants in the National Education Association's endorsed 403(b) plans should ask for the Valuebuilder Direct from Security Benefit or the similar low-cost product from AIG, two of the approved vendors."

 

Scotty do you know what the expenses are in the Valuebuilder Direct and is it an annuity or 403b7?

 

Thanks

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"For instance, he suggested that participants in the National Education Association's endorsed 403(b) plans should ask for the Valuebuilder Direct from Security Benefit or the similar low-cost product from AIG, two of the approved vendors."

 

Scotty do you know what the expenses are in the Valuebuilder Direct and is it an annuity or 403b7?

 

Thanks

 

It's a mutual fund platform not an annuity. Fees are very low.

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"For instance, he suggested that participants in the National Education Association's endorsed 403(b) plans should ask for the Valuebuilder Direct from Security Benefit or the similar low-cost product from AIG, two of the approved vendors."

 

Scotty do you know what the expenses are in the Valuebuilder Direct and is it an annuity or 403b7?

 

Thanks

 

It's a mutual fund platform not an annuity. Fees are very low.

 

Reminder: this is true for Valuebuilder Direct, and not for the salesman-oriented Valuebuilder that led to a lawsuit against NEA for endorsing such an awful product.

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"For instance, he suggested that participants in the National Education Association's endorsed 403(b) plans should ask for the Valuebuilder Direct from Security Benefit or the similar low-cost product from AIG, two of the approved vendors."

 

Scotty do you know what the expenses are in the Valuebuilder Direct and is it an annuity or 403b7?

 

Thanks

 

It's a mutual fund platform not an annuity. Fees are very low.

 

Reminder: this is true for Valuebuilder Direct, and not for the salesman-oriented Valuebuilder that led to a lawsuit against NEA for endorsing such an awful product.

 

I'd like someone to sue my PSEA(PA.State Ed.Assoc.) affilliate of NEA. They endorse the 403-b plans from Kades-Margolis, a broker. The funds they sell all carry a very high 5.5% load.

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I'd like someone to sue my PSEA(PA.State Ed.Assoc.) affilliate of NEA. They endorse the 403-b plans from Kades-Margolis, a broker. The funds they sell all carry a very high 5.5% load.

 

It's pretty tawdry, isn't it? A company (e.g., Security Benefit) pays a fee to NEA and in return NEA endorses that company's products. The state and local affiliates of NEA are then expected to fall into line and in turn endorse those products.

 

NEA is basically engaging in financial prostitution. It sells itself to Security Benefit and receives compensation in return. The only difference is that NEA leaders are not the ones catching the financial equivalent of STD's; its members are.

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