The nation's largest teachers union has been promoting high-fee retirement plans to its members that have underperformed, teachers and experts tell The Lever. The products are sold by a private equity-owned insurance company accused of fraud and mismanagement — and as part of the arrangement, the union's benefit arm gets millions from the firm. Those words were written by our guest, journalist Freddy Brewster of The Lever.

• Largest U.S. Teachers Union Allows Private Equity To Prey On Educators
• Stories by Freddy Brewster
• The Lever
• Chicago Single Vendor Plan
• Learned by Being Burned - Short pod series about how teachers got burned then got wise to the 403(b)
• Meridian Wealth Management
• 403bwise.org

Nothing presented or discussed is to be construed as investment or tax advice. This can be secured from a vetted Certified Financial Planner (CFP®).