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How K-12 Teachers Can Beat the Broken 403(b) System | Dan Otter & Scott Dauenhauer | 226
Description
What if the most dangerous thing in a teacher's retirement plan isn't market volatility, it's the nice guy with free sandwiches and a terrible annuity contract? Jackie and Bill are joined by Dan Otter and Scott Dauenhauer of 403bwise, the duo who have spent decades exposing how badly K-12 educators get treated in the 403(b) world. What starts as a conversation about confusing vendor lists and a messy system, quickly turns into something bigger.
This episode covers
- Why the K-12 403(b) system is fundamentally broken for many educators
- How Dan and Scott came together through the early 403bwise movement
- Why sales reps were able to roam campuses and sell high-cost products to teachers
- How 403(b)s became a multi-vendor mess while 401(k)s evolved under stronger fiduciary oversight
- Why newer teacher pension tiers are weaker and make supplemental retirement saving more important
- How bad 403(b) vendors can cost teachers hundreds of thousands of dollars over a career
- Why the 457(b) is increasingly the better option for many educators
- How state-run 457(b) plans can offer lower fees, simpler choices, and more retirement flexibility
- How teachers and school employees can advocate for better plans in their own districts
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=== SUPPORT THE SHOW ===
🌐 Visit Catching Up to FI website
☕ Like what you hear on Catching Up to FI? Support the show at "Buy Me a Coffee"
🎙️We love hearing from you! Record a Voice Message with your feedback or question Record a Voice Message with your feedback or question
.
===DEALS & DISCOUNTS FROM OUR TRUSTED PARTNERS