✅ Come Join School of Personal Finance –
403b Plans are broken in the K – 12 School Districts. Most plans are packed with high-cost variable annuities. In this video, I walk through what you need to know and the questions you need to ask before enrolling in your 403b plan.
Subscribe Here:
Check out School of Personal Finance blog:
★ CONNECT WITH RICH ON SOCIAL★
▸Twitter:
▸Instagram:
▸Facebook:
▸Linked In:
#schoolofpersonalfinance #personalfinance #financialeducation #financialplanning #financialfreedom #fire #financialindependence #richmccormack
To becoming great with money,
Rich McCormack, CFP®
School of Personal Finance is an Investment Advisor registered with the State(s) of New York. All views, expressions, and opinions included in this communication are subject to change. This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy, or the completeness of, any description of securities, markets or developments mentioned. We may, from time to time, have a position in the securities mentioned and may execute transactions that may not be consistent with this communication’s conclusions. Please contact us at 914-299-3843 if there is any change in your financial situation, needs, goals or objectives, or if you wish to initiate any restrictions on the management of the account or modify existing restrictions. Additionally, we recommend you compare any account reports from SPF with the account statements from your Custodian. Please notify us if you do not receive statements from your Custodian on at least a quarterly basis. Our current disclosure brochure, Form ADV Part 2, is available for your review upon request, and on our website, www.schoolofpersonalfinance.com. This disclosure brochure, or a summary of material changes made, is also provided to our clients on an annual basis….(read more)
LEARN MORE ABOUT: Retirement Planning
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
HOW TO INVEST IN SILVER: Silver IRA Investing
Here’s to the crazy ones. The misfits. The rebels. The troublemakers. The round pegs in the square holes. The ones who see things differently. They’re not fond of rules. And they have no respect for the status quo. You can quote them, disagree with them, glorify or vilify them. About the only thing you can’t do is ignore them. Because they change things. They push the human race forward. And while some may see them as the crazy ones, we see genius. Because the people who are crazy enough to think they can change the world, are the ones who do. –Steve Jobs.,.,.
For all of the reasons stated in this video and more, I have a self-managed Roth IRA, as well as a regular investment account. But this is all good to know to explain to my other teacher friends if they feel a 403b is really best for them and their needs.
Thank you Rick for this valuable info. Being a nurse , signed up for 403b that was offered by employer, even though its great that they do match 100% for up to 5% contributing to the plan, but i should check my statement for all of thoae fees that you talked about and brought to our attention.
Thanks again
I always thought you're a sussy baka but turns out you're a gigachad for telling the plebs about their fees.
Thank you for this so much. I’m a teacher in PA and I’ve had a 403b for about 10 years and it never seems to grow much. I will look at my statement closer and check into the fees. This video was very valuable to me, I appreciate it!
Hello Rick,
Great tips as always.