National Life Group Hypocrisy
June 7, 2022
The K-12 403(b) is easily the most hypocritical retirement plan. The latest example is the 401(k) plan National Life Group makes available for its employees. We are all for all employee having access to an excellent retirement plan. The problem though is that National Life Group pedals awful K-12 403(b) products to teachers and school employees. They are our lowest rated vendor.
Vanguard for Us. Garbage for You.
Look what National Life Group makes available in it's 401(k) plan.
A couple of points:
- Small, manageable number of investments
- Lots of T. Rowe Price and Vanguard funds
- Absence of equity indexed annuities
Stay wise and well (and ask 403(b) sales people who they invest with).