Show 108 - Advocating for a Better 403b with Chris Nye
In this episode, I discuss how to get a low cost high quality 403b vendor at your school with Chris Nye.
1/7/20261 min read
In this episode Chris and I discuss how teachers can advocate for a better 403b the easy way. Chris has walked the walk on this by bringing two low cost high quality vendors to his district. And most likely you can do the same! Find out how.
Show Notes
Need a low cost investment broker? I recommend and use Fidelity (affiliate)
Target Date Fund episode
Recommended Books (Amazon Affiliate Links)
The Richest Man in Babylon
Key Ideas
Many teacher 403(b) plans are filled with high fees and bad products
There are key warning signs of a poor 403(b), including variable annuities
Teachers can advocate for better, low-cost 403(b) vendors in their district
There are steps to take if your district refuses to improve its 403(b) options
Starting early—even with simple investments—can dramatically improve retirement outcomes
Bonus Tip
Here is a bonus tip I didn't get to in the episode.
Another alternative to the 403b is the 457b. If your district has that option be sure to take a look at it as part of your considerations. Your 403b vendors might be terrible, but your single 457b vendor might be great, and that means you won’t have to jump through these hoops if you can just educate your fellow teachers on the benefits of another investment vehicle.