403(b) plan sponsors still have to comply, but they have some relief available to them.
ScottyD
Thursday, December 11, 2008
Monday, October 13, 2008
NEA Valuebuilder Parent Downgraded (Security Benefit Life)
I can't stand Security Benefit Life or the product pushed on unsuspecting teachers (NEA Valuebuilder).....turns out the parent company wasn't so smart - buying into toxic CDO's that are giving them problems.
ScottyD
ScottyD
Monday, September 29, 2008
Nurturing The Nest Egg
School districts get new federal duties in overseeing workers’ 403(b) supplemental retirement accounts.
Thursday, September 18, 2008
Educators Eye Exposure to U.S. Financial Turmoil
Good article looking at exposure that educators have to the recent financial crisis. Check out 403bwise.com.
Friday, August 22, 2008
Clarifying 'Information Sharing Agreements'
Bob Toth of Baker & Daniels clarified Information Sharing Agreements.
Scott Dauenhauer, CFP, MSFP, AIF
Scott Dauenhauer, CFP, MSFP, AIF
Monday, May 19, 2008
Lawsuit Claims Fraud in Teacher Retirement Plan
Ouch, this one is going to really hurt VALIC. Of course, they changed their name to AIG Retirement......coincidence?
To be fair, I don't know all the facts in this case and won't pass judgement. But this is a good illustration of people using sales organization that are not held to a fiduciary duty to help with their finances......the organization is going to act in the organizations best interest.
ScottyD
www.meridianwealth.com
To be fair, I don't know all the facts in this case and won't pass judgement. But this is a good illustration of people using sales organization that are not held to a fiduciary duty to help with their finances......the organization is going to act in the organizations best interest.
ScottyD
www.meridianwealth.com
Tuesday, February 12, 2008
FREE Training - Learn how to tap the lucrative 403(b) Market
FREE Training - Learn how to tap the lucrative 403(b) Market
You've got to see this. This is the baloney that the agents who sell Equity Indexed Annuities respond to.
Pure drivel.
Scott Dauenhauer
You've got to see this. This is the baloney that the agents who sell Equity Indexed Annuities respond to.
Pure drivel.
Scott Dauenhauer
Monday, February 11, 2008
School workers find costlier choices in saving for retirement
The new regulations may be helping the IRS to track 403(b) plans better, but it is at the expense of teachers retirement. In Texas, even fewer low-cost providers are showing up on the approved statewide vendor list, meaning higher fees for participants and lower account balances at retirement. The new regs are having the short term affect of solidifying the high-cost, non-fiduciary based products as the ones that are offered. I hope this will change as the years pass.
ScottyD
Tuesday, January 29, 2008
Friday, January 25, 2008
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