How K-12 Teachers Can Beat the Broken 403(b) System | Dan Otter & Scott Dauenhauer | 226

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

1. Why the K-12 403(b) system is fundamentally broken for many educators
2. How Dan and Scott came together through the early 403bwise movement
3. Why sales reps were able to roam campuses and sell high-cost products to teachers
4. How 403(b)s became a multi-vendor mess while 401(k)s evolved under stronger fiduciary oversight
5. Why newer teacher pension tiers are weaker and make supplemental retirement saving more important
6. How bad 403(b) vendors can cost teachers hundreds of thousands of dollars over a career
7. Why the 457(b) is increasingly the better option for many educators
8. How state-run 457(b) plans can offer lower fees, simpler choices, and more retirement flexibility
9. How teachers and school employees can advocate for better plans in their own districts
   
   

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For a full list of current deals and discounts from our partners, sponsors and affiliates, click here: catchinguptofi.com/our-partners

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=== SUPPORT  THE  SHOW ===

📩 Sign up for our newsletter

🌐 Visit Catching Up to FI website 

.

===DEALS & DISCOUNTS FROM OUR TRUSTED PARTNERS===

Personal Finance Club: Use code CUTOFI to get $30 OFF any investing course

Nectarine: Advice-Only and Flat-Fee Hourly Fiduciary Financial Advisors (Catching Up to FI will be compensated by Nectarine if you use our affiliate link, which creates an incentive and conflict of interest. We are not current clients or employees of Nectarine.)

For a full list of current deals and discounts from our partners, sponsors and affiliates, click here: catchinguptofi.com/our-partners

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RESOURCES MENTIONED ON THE SHOW

403bwise

457bwiser https://457bwiser.org/

Learned by Being Burned (Special) Podcast Series)

Man with the (Better Retirement) Plan (#262) 

403bwise and 457bwiser Facebook Group 

Banned by the NTSA 

Request a Dan and Scott Presentation 

Teach And Retire Rich 

Meridian Wealth Management 

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