Jump to content
Sign in to follow this  
Admin

NJ Teacher Fights for 403(b) Fee Disclosure

Recommended Posts

This teacher did a thorough job researching the costs of his 403b VA of AXA. He calculates 2.39% what others have found, about 2.25% excessive and outrageous hidden costs in most annuity contracts. None of us here are surprised.  But he indirectly tells us that he has not read any of the 30+ articles published in various newspapers around the country. Very happy he did this important work and found out himself, and he is doing something about it. I will be very interested in the bill he got his state rep to actually follow up! Wow! Imagine that here in California!

The previous newspaper articles have all said the same thing over and over again for 20 years that the 403b world is loaded with conflicts of interest, has no plans for insurance agents to disclose costs, commission and will not become fiduciaries for another generation of teachers.  

But we press on and on...

 

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

×
×
  • Create New...