For nearly 20 years, Teachers have had the choice to choose to invest for their retirement in a mutual fund, or a Fixed Indexed Annuity. For the super majority of Teachers and School employees that enrolled in a FIA (also known as TSA - Tax Sheltered Sheltered Annuity in schools), all of them did not lose a penny over the last 12 years.

The founder of Strategic Choices Financial, Alvin Parra, served as retirement advisor for many teachers and felt it was an injustice that private sector employees could not enjoy the same choice as Teachers Liability: The courts are also ruling in favor of choice and penalizing business owners for not offering enough choices, not lowering fees and not enough advice to prevent massive losses in a downward market. Check out some these landmark cases:

Directing to Proprietary Funds
Edison Employees Win
Court and Legislative actions