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This is the last of our 6-part series discussing the basics of variable annuities and mutual funds in 403(b) plans. We have discovered that many teachers are unaware of the high fees hidden within their 403(b) plans.
But there is a way to change this, and we can help. The following steps are best undertaken with an experienced advisor:
At NXT Phase Financial, John Carbonara has worked with dozens of Long Island teachers in transferring out of variable annuities into mutual funds, so their hard-earned money works for them and not toward high fee variable annuities.