FYI: (This is a follow-up article.)
Teachers in Pennsylvania and Texas are waking up screaming from a midsummer night’s 403(b) nightmare.
Traditionally, large insurers enjoy blasting teacher’s retirement accounts with high fees and unnecessary products. Two states are willing accomplices to mass financial exploitation.
Pennsylvania and Texas passed some of the most blatant anti-consumer 403(b) legislation in modern history.
Deciding it was a crime against humanity having a single low-cost vendor servicing teachers retirement accounts, Pennsylvania took action.