A funny email note went out yesterday from the National Tax-Deferred Savings Association (NTSA) about my article on the terrible retirement product teachers generally get, from an organization funded by the people selling those terrible products. By their note I gather they support the selling of shit-sandwich annuities to retirees, stuffing unsophisticated people’s retirement accounts with high cost, illiquid, low return, garbage.
Anyway, in a newsletter to their constituents, the NTSA wants you to know there’s something fishy about the timing of my column:
“An article titled, “Texas Teachers Get Poor Retirement Advice and Worse Options,” ran in the Houston Chronicle over the weekend. Its timing is probably not coincidental.”
I honestly have no idea what the ‘coincidental timing’ they are referring to is. But I know that if you have something you’re doing that seems kind of wrong, truth-telling at any time can seem threatening.
I write what I want, when I want to. Unlike the NTSA, I’m not selling anything terrible, or anything at all. By their paranoid response, I gather they are.
And the post on Variable Annuities = Shit Sandwich
Post read (85) times.
Thanks for visiting Bankers Anonymous. Be sure to sign-up for my newsletter so you never miss what's happening on my site. You can also connect with me on Facebook and Twitter to keep the conversation going.