Helping Education Professionals Understand and Succeed with Volunteer Retirement Plans
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Ten years ago a brilliant benefits administrator, George Tischler (now retired), launched Los Angeles Unified District’s 457(b) plan. Since then, our advisory committee has lowered costs and selected more index funds with broad diversification. It is the model which all employer-sponsored retirement plans should follow because the plan and the advisory committee follows the fiduciary standard. My free eBook, Fighting Powerful Interests, is about the history, development and the reasons why the Award Winning 457(b) became an option in 2006. Since I have been on the advisory committee, we have followed the fiduciary standard since day one for good reason–to look out for your best financial interests.
This blog post is for all public educators who want to discover how to use the 403(b) or the 457(b). It is specifically for my LAUSD colleagues. I will discuss fiduciary standard, a little history of our complicated relationship of LAUSD, its employees, insurance industry’s 403(b), and why the 457(b) came into fruition to fix and clarify the historical and often corrupted 403(b).
Five Part-Time Jobs For Retirees Who Want To Put Their Experience To Good Use Photo by Pixabay Retirement can be a wonderful thing for many seniors, with plenty of extra time to travel, tackle a few home renovations, and spend with grandchildren and family. But many seniors who have retired either find they have too much time on their hands or they need a little extra cash, and after having left the workforce after decades of training and hard work, they find it difficult to jump back into the swing of things. While it can be intimidating to think about taking on another job — especially one that requires training in a new sector — it may not be as difficult if you focus on a part-time position doing something you already have experience in. Even if you can’t find a job in your former field of expertise, sometimes having skills for one career can be advantageous in another. On the other hand, maybe it’s time to be a little adventurous. Another potential perk in taking on a part-time job after retirement? Trying something you’ve always wanted to do but couldn’t because your old schedule — or career — wouldn’t allow it. Here are five of the best part-time jobs for seniors that allow a continuation of experience 1. Home Health Care with Homeinstead.com If you have experience with nursing or in the medical field at large, you might enjoy a part-time position as a home health caregiver. This could include anything from helping disabled persons with meals and bathing to sitting with a terminally ill patient during the...Learn More
It’s that time of the year, the Quarterly Reports. I really hope you find these reports helpful for a number of reasons:
1. Show you how a portfolio of diversified stocks, bonds, and cash looks like.
2. Show how this diversified portfolio performs in coordination with the stock and bond markets.
3. The individual holdings are not selected at random, but for the purpose of doing a specific and important job in the portfolio. It’s always about the portfolio as a whole performing package, not about the individual holdings.
4. Each holding reflects a specific part of the domestic and international stock and bond markets.
5. While some of the stock asset classes have high correlations, stock and bond allocations are not. Including bonds in my portfolio helps preserve my money against a major and lengthy stock market crash. This is known as the stock bond split. My portfolio is 30% stocks and 70% bonds. My 30% exposure to stocks provides enough risk that my portfolio should keep up with inflation (This is not a guarantee, it is part of my diversification and asset allocation plan).
6. This portfolio is an example of a conservative portfolio for a 69-year-old retiree.Learn More