jt...

I'm not so sure they are all locked into annuities only. My wife teaches in a school district and mutual funds are available to the employees. Interestingly, none of them seem to buy the funds. Further, she never seems to be given information on the fund families available to her. Could it be the brokerage that sells the annuities makes out better than if it sells mutuals?

Is is criminal, in a way. I wish I understood why (some) teachers are so passive about their investments.
And please, teachers I'm not intending this as a negative remark. It's just that I believe that it makes no sense to put a tax-deferred product into an already tax-deferred program! You deserve better.

Ken