Dollars & Sense Column

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By Bob Moeller

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Managing your
financial life

The Fleecing of
403(b) Plan Participants

Did you know the great majority of assets in 403(b) plans are invested in high-cost fixed and variable annuities? Large insurance companies that offer such annuities- the usual suspects - charge teachers unconscionable fees ranging from 200 to 500 basis points in exchange for poorly performing investment products and services provided by salespeople disguised as "financial planners."

This three-part series examines these and other issues related to the fleecing of 403b participants. It was previously published at MorningstarAdvisor.com.