Latest / The Clark Howard Podcast
2.13.20 Insurance companies are ripping teachers off; Bitcoin ponzi scheme; Jobs that don't require a college degree
Teachers, non-profit workers and some hospital workers are shuttled into inferior 403b retirement plans. 401ks have gotten more affordable with steadily lower costs for employees, lead by Vanguard and Fidelity. Teachers on the other hand get cheated repeatedly. 403b plans are often sold by insurance company sales reps, selling ultra high cost plans often wrapped in annuities. A WSJ investigation has uncovered just how dirty this system is, rife with horrendous kickbacks paid for by the 403b workers without disclosure. Worse still, an analysis reveals the same contributions over time in a…
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