Here's the basics of the Boglehead investing strategy. Getting Started.
I don't think 99% of K-12 teachers have their 403b/457 plans in equity indexed annuities, but too many teachers probably do own these lousy products or are in other high-fee plans. They are rarely shopped for (in the way you shopped for the right car or phone) but are almost inevitably sold by a trustworthy appearing advisor (who sadly was often recommended by a colleague).
I don't think 99% of K-12 teachers have their 403b/457 plans in equity indexed annuities, but too many teachers probably do own these lousy products or are in other high-fee plans. They are rarely shopped for (in the way you shopped for the right car or phone) but are almost inevitably sold by a trustworthy appearing advisor (who sadly was often recommended by a colleague).
Statistics: Posted by Doctor Rhythm — Fri Aug 23, 2024 5:18 pm