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Teachers Want Choice!

June 2, 2014  

Our vibrant infographic shows the importance of not just allowing teachers to save through work, but to let them choose who manages their accounts.

Some of the key highlights are:

  • Over half of the workers in 55 studied school districts stopped contributing to 403(b) plans when their preferred provider was not available
  • Consolidation of providers in Colorado led more than 54 percent of participants to drop out of their retirement plans
  • Teachers, like all of us, need help making the right financial advice; a study by Charles Schwab showed that teachers’ savings rates nearly doubled as a result of receiving and implementing advice from an advisor of their choosing

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