No Annuities in Retirement Plans

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Manage episode 268917444 series 31291
By Don McDonald and Tom Cock. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

Our main story: VALIC (part of AIG) was fined for paying a teachers union to coerce teachers into buying expensive (and unnecessary) annuities and mutual funds in their 403b plans.

Plus callers want to know:

Is is okay to pull income from a retirement plan without reducing principal?

Should an annuity be moved into another product?

How should one with limited assets get prepared for retirement?

Is it possible to fix a mistaken name on an account?

What are some strategies for getting money out of properties?

668 episodes