Do you feel confused, frustrated, or even overwhelmed by your 403(b) options as a teacher? You’re not alone—and the system isn’t designed in your favor.

In this episode of The Teacher Money Show, I sit down with Chris Nye, teacher/administrator and former registered investment advisor serving educators, to explain why so many teachers are stuck with high-fee 403(b) plans—and what you can actually do about it.

Chris breaks down the key differences between 403(b) plans and 401(k)s, including the lack of fiduciary protections in many school districts. This loophole allows expensive, commission-based vendors to dominate teacher retirement plans, often costing educators hundreds of thousands of dollars over their careers.

More importantly, Chris shares a real-world playbook for how teachers can advocate for better 403(b) vendors in their own districts. He walks through how he successfully helped his district add low-cost providers like Vanguard and T. Rowe Price by working with unions, administrators, and making the process easy for decision-makers.

In this episode we discuss:

• Why many teacher 403(b) plans are filled with high fees and bad products

• The key warning signs of a poor 403(b), including variable annuities

• How teachers can advocate for better, low-cost 403(b) vendors in their district

• What to do if your district refuses to improve its 403(b) options

• How starting early—even with simple investments—can dramatically improve retirement outcomes

If you’re a teacher who wants to protect your retirement, lower fees, and take control of your financial future, this episode will give you clarity, confidence, and actionable next steps.

👉 Subscribe for more teacher-focused personal finance conversations.

Explore the show notes:
https://www.teachermoneyshow.com/show108

Become a guest on the show:
https://www.teachermoneyshow.com/guest

Leave a voicemail question:
https://www.speakpipe.com/teachermoneyshow

Bring Shaun to your school to talk personal finance for teachers:
https://www.shaunkmorgan.com

#TeacherMoneyShow #403b #TeacherRetirement #403bPlans #TeacherFinance #PersonalFinanceForTeachers #ChrisNye #FinancialFreedomForTeachers