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BruceM writes,

But consider a variable annuity contributed to over 30 years by a government worker. Try -46.6% lost to expenses over 30 years compared to -3.7% in expenses over the same period with a portfolio of ETFs with a weighted expense ratio of .22%.

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I lived in Houston for about 20 years and it always amazed me that the Texas Teachers 403(b) plan was administered by VALIC with 2% to 3% per annum lost to fees and expenses.

Couldn't one of the math teachers tell them how much they were getting screwed? Or are the people going into education really that inept?

intercst
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