Bob Moeller's Financial Planning Seminar schedule

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.