Thursday, December 11, 2008

Some Relief for 403(b) Sponsors

403(b) plan sponsors still have to comply, but they have some relief available to them.

ScottyD

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

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

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

Tuesday, February 12, 2008

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