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gschech

Valic's Last Days

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IRA, we will not have any surrender charges with Metlife.

 

Joel, it never made sense to me to have a tax-deferred variable annuity product in an already tax-deferred 403b plan. Also, the fund fees that Valic charges are too high. I always thought we could do better.

 

Garry

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Guest Sierra

Garry,

 

Isn't it great to know you now have a participant friendly plan! It's just too bad that it took 14 years for the er to wise-up. Best of luck to you and your fellow 403(b) participants/investors.

 

Peace and Hope,

Joel L. Frank

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Update: We finally went ahead and a letter went out to Valic telling them that we're moving our money to Metlife. The Valic rep has been calling us everyday to see if there is anything they can do to keep our business. We told them it's too late and they had their chances to offer us a better plan. It's amazing when they know that their going to be losing the money that they start calling you with the better things they could do for us. They should of offered us something better years ago.

 

Garry

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