South Orange County Community College District Faculty Association

 

Is the Advice You're Getting in Your Best Interest?

Anyone can call himself/herself an advisor, so make sure you are getting objective advice and not a sales pitch disguised as advice. Insurance company reps who come to your school may be thinking more about the commission they could earn by selling you an insurance product than about recommending the best savings vehicle for you.

If you are working with an advisor or thinking about doing so, ask him or her to put the answers to these questions in writing for you:
  1. Are you acting in a fiduciary capacity (in other words, are you legally and ethically required to make a recommendation in my best interests)? If not, why not?
  2. How are you paid? Will you be compensated for selling me this product? Please detail all fees and surrender charges associated with this product, including who receives them.
  3. Why is this product the best choice for me?
To learn more about getting the objective advice you need, watch this brief video .

Don't be sold, be informed!

Learn more about making the most of your 403(b) or 457 plan at CTAinvest.org , first-place winner for ongoing education-public in Pension & Investment's 2013 Eddy Awards .  

 

SOCCCD Faculty Association Newsletters

Spring 2016 newsletter

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Fall 2015 newsletter

Spring 2015 newsletter


Spring 2014 newsletter


Fall 2014 newsletter


Spring 2013 newsletter 


Fall 2013 newsletter









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Fall 2016 newsletter


Spring 2017 newsletter