Public employees including teachers are being scaled every two weeks! They voluntarily save for retirement via their 403(b)/457(b) plans. For each $100.00 deducted from their pay roughly $95--$97 is actually invested. Why? The sales shark is selling commission based investments (variable annuities and mutual funds) with no employer oversight. Public employees can look forward to two guaranteed retirement income streams: Their pensions and their Social Security benefit. The variable annuity is simply a waste of money. The mutual fund is a great investment provided it is bought on a no-load basis.
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Jonathan, Family + Friends + Love = A productive life. All the best, Joel L. Frank
Post: The C Word
Link to comment from June 15, 2024
Public employees including teachers are being scaled every two weeks! They voluntarily save for retirement via their 403(b)/457(b) plans. For each $100.00 deducted from their pay roughly $95--$97 is actually invested. Why? The sales shark is selling commission based investments (variable annuities and mutual funds) with no employer oversight. Public employees can look forward to two guaranteed retirement income streams: Their pensions and their Social Security benefit. The variable annuity is simply a waste of money. The mutual fund is a great investment provided it is bought on a no-load basis.
Post: Your Results May Vary
Link to comment from June 12, 2024