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JudyS

New Article That May Apply To 403Bs, Too

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Most telling sentence in the article:

Why were they doomed? Regulators and employers were unconcerned about pervasive conflicts of interest; excessive, hidden fees and wrongdoing that resulted in billions being skimmed from 401k accounts.

 

With 403b: And you can add on the major teachers unions, CTA (in California), NEA and the AFT that are also "unconcerned." Tas Shelter Annuity sales force is out of control and the educators have no where to turn in the 403b world after decades of news reports from the SEC, US New and world report, 2 LA Times articles, one a front page, Forbes, New York Times and our own AFT who then never followed up on their own advice. But I have a feeling something big is looming in the next months or within a year.

Thanks for the link Judy,

Steve

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