How American Fidelity Exploits Section 125 Plans (#413)
Teach and Retire Rich · Daniel Otter, PhD and Scott Dauenhauer, CFP®
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Show Notes
Section 125 plans are a great way to save money for health care, dependent care, dental care and disability insurance on a pre-tax basis. American Fidelity, which sells high-cost 403(b) products, runs many of these plans for school districts. In many cases educators must meet with an AF rep in order to get the pre-tax benefit. During these meetings AF sales reps try to sell a blizzard of services. We discuss what employees and employers should do.
- Learned by Being Burned (short pod series about K-12 403(b) issues)
- 403bwise.org
- Meridian Wealth Management
Nothing presented or discussed is to be construed as investment or tax advice. This can be secured from a vetted Certified Financial Planner (CFP®).