High Fee Annuities Sold to Teachers on Recommendation of Unions

As reported by the Wall Street Journal on December 18, 2019, public school teachers in Florida were placed in annuities by its financial advisers which charged more than double the average fees.  Although the unions recommended the annuities, these financial instruments were sold on the idea that everyone, including the unions, would make money.

If you are a teacher who is invested in an investment retirement savings plan with higher than the average fees, currently less than 1%, that was recommended by your union, please call Murray & Murray at 419-624-3000 for a free consultation on your particular situation.