VALIC (AIG) gets caught tricking teachers.
Our main story: VALIC (part of AIG) was fined for paying a teachers union to coerce teachers into buying expensive (and unnecessary) annuities and mutual funds in their 403b plans.
Plus callers want to know:
Is is okay to pull income from a retirement plan without reducing principal?
Should an annuity be moved into another product?
How should one with limited assets get prepared for retirement?
Is it possible to fix a mistaken name on an account?
What are some strategies for getting money out of properties?