The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing

URL:  http://boards.fool.com/metlife-is-an-annuity-the-school-corp-i-work-for-27017784.aspx

Subject:  Re: Help! 403b ---benefit or error? Date:  9/22/2008  6:30 PM
Author:  PTKeil Number:  63928 of 78165

Metlife is an annuity.
The school corp I work for just went through an entire revamping due to the new legislation. Supposedly some group in the district made the choice as to what companies were going to be offered starting in September. If our current investment company was not one of the chosen, they you have to leave it where it is and start anew or roll it over with penalties, unless you've been invested for 10 years. I am 38 in my second year of teaching, and fortunately Metlife was "chosen."

My big question was who made the decision, and how were they qualified to do so? They claim to have made it in part on the number of people already invested with