The cost of convenience--50% of your retirement savings!

I know a lot of teachers who want their hands held when signing up for retirement plans. These are the nicely dressed people who show up in your teacher's lounge each year. You should know that this convenience may end up costing you half of your retirement over 30 years. You are signing up for an indexed variable annuity, which is a product that was designed to take advantage of k-12 teachers. Even the SEC (Securities and Exchange Commission) warns against purchasing variable annuities. Fees of just 1% to 3% can end up eating half of your retirement savings! Signing up for the 401(k) and/or 457(b) is very easy and you'll pay a lot less fees! Let us know if you need help!