Teachers are being ripped off in their 401(k)-like supplemental retirement savings plan, the 403(b). Financial companies are preying on them. Unions and school districts aren’t looking out for them. Educators are literally losing out on hundreds of thousands of dollars in retirement savings. In this 5-part series, teachers share how they were sold high-cost annuity products, the barriers they face to getting better, lower-cost investment choices, and the growing advocacy movement working to fix the K-12 403(b).
Learned by Being Burned: Teachers and the K-12 403(b). The short series that explores the dysfunctional world of supplemental retirement plans, the maddening industry behind them, and the growing movement to fix what is broken.