Book Review: “The Wall Street Jungle”

The Wall Street Jun­gle (1970)

by Richard Ney

I love books that expose Wall Street’s ways. My review is more his­tor­i­cal in how Ney’s great book fits with another giant who also took on Wall Street’s gam­bling habits, Jack Bogle, founder of the Van­guard Group and the cre­ator of the index­ing strat­egy. Richard Ney was ahead of many finan­cial authors and thinkers and should be given more credit for help­ing investors under­stand and address how Wall Street works for its inter­ests over ours.

This best­ing sell­ing book intro­duced trans­parency of the inner work­ings of Wall Street. He doc­u­mented with huge amounts of data how the insid­ers, the spe­cial­ists, make money sim­ply because they are in “the right place at the right time” with a “monop­oly of infor­ma­tion” about mil­lions of trades. Ney said the indi­vid­ual investor doesn’t have a fight­ing chance. We end up pay­ing for the spe­cial­ist short sell­ing, big block fees, spe­cial bro­ker­age incen­tives and a myr­iad of other hid­den and despi­ca­ble, but legal meth­ods which fat­ten Wall Street’s pock­ets. Con­tinue read­ing

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Los Angeles Teachers & Employees Rate their Recent 403b/457b Investment Workshop. They Loved It!

Retire­ment Plan­ning Sav­ings Plans All Day Invest­ment Work­shop Results


LAUSD/UTLA 403b/457b Invest­ing Workshop

Sat­ur­day Novem­ber 15, 2014

Here were the work­shops presented:

  1. Rick Rodgers Keynote and Lunch time talk
  2. Art Wexler 457b Presentation
  3. Teacher Crys­tal Mendez’s Story, how she saved $160,000 by age 33.
  4. Retired Teach­ers Steve Schullo/Dan Robert­son (Finan­cial Jour­ney with 403b/457b plans). What hap­pened when they expe­ri­enced two of the biggest stock mar­ket crashes in his­tory and what they did to sus­tain their retire­ment plan.
  5. Q and A’s
  6. Infor­mal dis­cus­sions with presenters

37 out of the 50 filled out the eval­u­a­tion ques­tion­naire: ALL BUT ONE LOVED THE WORKSHOPS and the objec­tive infor­ma­tion pro­vided! Below is what they said about their expe­ri­ence:

1. Did today’s work­shops meet your expec­ta­tions? Why or why not?

34 said “YES” 1 said more or less and 1 said “boring”.

Detailed com­ments:

  1. Yes, although I’ve been two pre­vi­ous times, still learn­ing at the workshop.
  2. Yes, but I feel it just touched the surface.
  3. More or less. I have a bet­ter under­stand­ing of the dif­fer­ence between a 403 and 457.
  4. Yes, under­stand­ing of retire­ment investments.
  5. Not bad, very informative.
  6. Yes, I got a lot of infor­ma­tion about invest­ing 457b and 403b.
  7. Bor­ing, 3 or 4 pre­sen­ters pre­sented slowly and confusingly.
  8. Yes, I learned a lot and learned I need to learn more.
  9. Yes, Rick Rogers very knowledgeable/personable/organized.
  10. Yes, great workshop!
  11. Yes, very informative.
  12. Yes, it was very informative.
  13. Yes, I attended the con­fer­ence in the spring, just came today for a refresher.
  14. Yes, Iden­ti­fied ele­ments cru­cial in prepar­ing and plan­ning for retirement.
  15. It was great! Thank you so much!
  16. Yes, I am so new to invest­ments some ques­tions were answered.
  17. Yes, I think more inter­ac­tion would help main­tain attention.
  18. 1st time attend­ing. found info inter­est­ing and useful.
  19. Yes, learned dif­fer­ence between 2 dif­fer­ent kinds of investments.
  20. Yes, now I under­stand that I have more options.
  21. Yes, lots of use­ful infor­ma­tion and points of view from the presenters.
  22. Yes, good informed speak­ers. The impor­tance of investing.
  23. Yes, as always Mr. Rodgers is very clear in his expla­na­tion. Do we have some­one like him locally?
  24. Yes, it taught me more about the 457 (b).
  25. Yes, the infor­ma­tion was well presented.

2. What was the MOST impor­tant work­shop or infor­ma­tion provided?

Nine par­tic­i­pants said that Rick Rogers was great.

  1. Three said Q&A
  2. Three said each for Steve/Dan, Art’s 457b pre­sen­ta­tion and Crystal’s story.
  3. Two said, that learn­ing to use bonds as part of asset allocation.
  4. Three men­tioned infor­ma­tion about the 457b plan.
  5. Two wrote only one word: “DIVERSIFICATION!”

Other com­ments:

  1. It’s very good to lis­ten to peo­ple who have gone though the ups and downs of the market.
  2. Speech from Art (on 457b plan).
  3. Finan­cial prod­ucts available.
  4. Com­par­ing invest­ments and longevity, charts and risk vs. reward chart.
  5. How to take your money out at retirement.
  6. The dif­fer­ence between active vs. pas­sive funds and Tar­get date fund, front & back load to be checked in the prospectus.
  7. The impor­tance of invest­ing to sup­ple­ment the teacher’s pension.
  8. Clar­i­fi­ca­tion of fees and penalties.
  9. All the infor­ma­tion was impor­tant for me.
  10. Stock, mutual funds info.
  11. Types of invest­ment strate­gies and expla­na­tion of invest­ment tools.
  12. Rick was very help­ful. Please put it on the website.
  13. I learned to invest in the 457b rather than the 403b.
  14. Rick did a good job of out­lin­ing issues fac­ing retirees.
  15. Last time I attended, I was deter­mined to develop a bud­get­ing sys­tem. I had a spread-sheet pre­vi­ously, but I fre­quently went over bud­get. I researched Quicken and, but ended up using YNAB (you need a bud­get) and it has been very helpful.
  16. Rick was great. He gave a great overview. Very edu­ca­tional, infor­ma­tive and clear and direct.
  17. Fun­da­men­tals of invest­ing and info about 457b plan.
  18. Rick’s overview of investing.
  19. That I need to stop con­tribut­ing to my annu­ity account! and that I need to have a plan!
  20. I liked the infor­ma­tion Dan and Steve’s story pro­vide. They are detailed and good advice.
  21. Infor­ma­tion by Rick was quite valuable.
  22. How to invest in retirement.
  23. Under­stand­ing the dif­fer­ences between stocks, bonds and mutual funds.
  24. Really enjoyed every­one, but Rick was hilar­i­ous and infor­ma­tive. I really appre­ci­ate Art’s hon­est answers (not that any­one was dis­hon­est). I just know some things he said were very unbiased.
  25. It helped me plan my future. It pro­vided me with the best plan to put my money in.
  26. All of the info was important.

 3. What was the LEAST impor­tant work­shop or infor­ma­tion provided?

27 peo­ple left this BLANK! Almost all said every­thing was great!

  1. 4 men­tioned about too many per­sonal questions.

Other com­ments:

  1. Con­vinc­ing us of the impor­tance of invest­ing at the begin­ning since we are already part of the “choir.”
  2. The 457 pre­sen­ta­tion was OK, but still a lit­tle fuzzy on how it works/differs from 403b.
  3. I think Rick’s pre­sen­ta­tion cov­ered too many things. I hope thy are more focused and less info (Only one per­son said this).
  4. Info about credit unions/insurance.

4. What mate­r­ial and top­ics should be cov­ered in future invest­ment workshops?

       1. Three par­tic­i­pants men­tioned more in depth about mutual funds and the dif­fer­ence   between 403b and 457b.

      2.Two peo­ple wanted to know how much to save per month

  1. Two wanted hand­outs of Rick’s presentation.

 Sug­ges­tions for topics:

  1. ETFs
  2. Find­ing Fee Only finan­cial advisers
  3. Col­lege sav­ings plans, show more spe­cific exam­ples of how much I should be invest­ing every month.
  4. More case stud­ies of how indi­vid­ual teachers/investors have fared as a result of the deci­sions they’ve made.
  5. Move the podium to the side so we can see the presentation.
  6. Talk about the 457 vs. Roth IRA as an option.
  7. How to actu­ally enroll. I did, but I had to call.
  8. Exam­ples of portfolios
  9. More info on every typ­i­cal teacher-for exam­ple, not dwelling on accounts you should have.
  10. More info on mutual fund research and sug­gested read­ing. i.e. Bib­li­og­ra­phy or sources.
  11. Port­fo­lio selec­tion advice.
  12. Strate­gies and exam­ples of indi­vid­u­als with lower assets.
  13. Inter­net con­nec­tions so info is read­ily available.
  14. More on stocks, bonds and mutual funds.
  15. I would like to repeat this workshop.
  16. More detailed infor­ma­tion on late starters-how many (amount or %) to take out of pay­check, bal­anc­ing risk vs. age when start­ing invest­ing later in life.


  1. How to get more teach­ers involved?
  2. Rick Rodgers/need PPT hand­outs and font on his PPT was too small.
  3. Some­thing sim­i­lar to bagels, but not refined flour, please.
  4. Share bud­get sheet, more breaks.
  5. Small chunks, this is heavy stuff, takes time to process.

 5. How did you hear about this workshop?

  1. Friend or Spouse                                                                    Two
  2. UTLA or LAUSD Staff Meet­ing announce­ment                       Nine
  3. Social Media (Face­book, LinkedIn, Twit­ter, other: ________ (Nobody picked SM)
  4. United Teacher News­pa­per Ad                                              Twenty-two
  5. Other (please elab­o­rate), use back of form if nec­es­sary.    Two from Emails from the Coordinator.



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Veterans Day Deals!

Tues­day, Novem­ber 11th is Vet­er­ans Day

Please Remem­ber the Vet­eran in Your Life.

imagesVeteransDayDis­counts and Free­bies
  Reported by Heather Sweeney

There are lit­er­ally hun­dreds of dis­counts avail­able all over the country.

• 2014 Vet­er­ans Day Restau­rant Offer­ings
• 2014 Vet­er­ans Day Travel & Recre­ation Dis­counts
• 2014 Vet­er­ans Day Retailer Offer­ings
• 2014 Vet­er­ans Day Events
• Giv­ing Back

Find offers in your area by click­ing on to Heather’s web­site: Click Here


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Steve’s Book Review: “Who Really Cares?”

Who Really Cares: The Sur­pris­ing Truth About Com­pas­sion­ate Conservatism

by Arthur Brooks and James Wilson.

Data pro­vided some good points, but the method­ol­ogy and inter­pre­ta­tion was biased to the pri­vate enter­prise ideology.

This started off very inter­est­ing, but descended into a chance for the authors to rant. In the end it was not an incen­tive for non givers to change their behav­ior. In fact, that was not the pur­pose at all. It was to sim­ply sup­port a polit­i­cal point of view which in itself should be non political–giving to less for­tu­nate. What is equally puz­zling is to why bother with facts based on sci­en­tific method­ol­ogy when the audi­ence who would agree with this book is clearly anti aca­d­e­mic. Why bother with footnotes?

But I digress. I read “Who Really Cares” with great inter­est. It was rec­om­mended by the “Mil­lion­aire Next Door” author, Thomas J. Stan­ley, of whom my hus­band and I met at a finan­cial con­fer­ence. The Mil­lion­aire Next Door is one of my favorite per­sonal finance books and if Dr. Stan­ley rec­om­mended this book, I am going to read it. Mr. Stan­ley said that the book shows that giv­ing peo­ple are hap­pier than none givers. One of our Bud­dhist teaching’s cen­tral themes for reduc­ing suf­fer­ing is to help oth­ers, so I was intrigued and eagerly bought this book.

I would have not read this book had I known it was polit­i­cally and cul­tur­ally polar­iz­ing. How­ever, I am happy I read it and offer my observations.

This book shows with data from sev­eral sources who gives to char­i­ties and sum­ma­rizes the obvi­ous that peo­ple who give and vol­un­teer time to the less for­tu­nate are hap­pier than peo­ple who don’t. Con­tinue read­ing

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Los Angeles Unified/Teachers Union Investment Planning Workshop November 15


Another great 403b/457b work­shop is sched­uled for Sat­ur­day, Novem­ber 15 at United Teach­ers Los Ange­les Head­quar­ters. It’s another all day event with sev­eral pre­sen­ters includ­ing Dan and I with light break­fast and FREE LUNCH!

Dan and I will show and dis­cuss what we did to plan for our retire­ment as teach­ers. We will also dis­cuss the Emmy Award­ing win­ning PBS Front­line doc­u­men­tary: The Retire­ment Gam­ble, fea­tur­ing one of the par­tic­i­pants, our very own ele­men­tary teacher, Crys­tal Mendez! (Watch the first 3 min­utes to see her, but its rec­om­mended you watch the entire doc­u­men­tary). She will be on hand to talk about how she saved $160,000 at her young age (she just turned 34!).

  • Find out more about LAUSD’s Award Win­ning 457b plan!
  • Find out how to find a finan­cial plan­ner that doesn’t sell you any­thing, but looks after your best interests.
  • Find out how to diver­sify your port­fo­lio to reduce risk and increase returns.
  • Find out why insur­ance prod­ucts (annu­ities) are not appro­pri­ate for retire­ment planning.
  • Find out how the stock mar­ket can work for you, not against you. Cal­STRS invests in the stock mar­ket to pro­vide a decent pen­sion plan for all of us, why not you and I for our 403b or 457b?

Please join us and get informed. Years from now when you have retire­ment money in your 403b or 457b plan to sup­ple­ment your pen­sion plan, you can retire in com­fort and be grate­ful you attended. We hear peo­ple report that they wish they heard about this infor­ma­tion years ago. Don’t be one of those peo­ple. You have a rare oppor­tu­nity to get objec­tive finan­cial infor­ma­tion. Get informed now. Do NOT keep putting this off.

Please down­load this flyer for reg­is­tra­tion infor­ma­tion and please post it on your school site bul­letin boards and make announce­ments at all of your meet­ings: Invest­ment Work­shop Flyer

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Iowa Took Courageous steps to Reform their 403b. Wish California was Courageous too.

Iowa Reforms Their 403b

In 2008 Iowa took steps to move from an “any will­ing provider 403(b) envi­ron­ment” to a com­pet­i­tive bid process. In Cal­i­for­nia just about every­thing else that school dis­trict need to run pro­grams is com­pet­i­tively bid by out­side con­tracts such as books, com­puter equip­ment, con­sul­tants, BUT NOT THE 403b. We tried twice to allow dis­tricts to com­pet­i­tively bid the 403b but the unions and the insur­ance agents and their lob­by­ists fought back.

Iowa rep­re­sents what col­lab­o­ra­tion among the var­i­ous stake­hold­ers can do to pro­vide a decent 403b with all PreK-12 edu­ca­tors (noth­ing like this has ever existed in Cal­i­for­nia to my knowledge).

State-Sponsored 403(b) Plan is a Win-Win for Employ­ees and Employ­ers – Saves Scarce Dol­lars for Edu­cat­ing Students

Now the National Tax Shel­tered Annu­ity Asso­ci­a­tion (NTSAA) is lob­by­ing for a return to a no-bid world: Tes­ti­mony of Christo­pher Degrassi Exec­u­tive Direc­tor, NTSAA

Orig­i­nal Iowa RFP for cen­tral­ized plan

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Retired teacher worries about running out of money & other tidbits

moneyworryA for­mer teacher wor­ries about run­ning out of money in retire­ment. Don’t we all? Look for this arti­cle in the Busi­ness Sec­tion of the LA Times this Sun­day, Sep­tem­ber 28: Click here.

Other tid­bits in the invest­ment world

Some Cal­i­for­nia Teach­ers won­der about Pension2 changes: If you are invest­ing in Pension2, you have got­ten a post­card and a let­ter about changes. Here is a dis­cus­sion about those changes expressed by three Pension2 investors and Scott Dauen­hauer, CFP, MSFP, AIF, con­sul­tant to Cal­STRS answers:

Dis­cus­sion 1:

Dis­cus­sion 2:

Bogle­heads also chimed in:

IMO: Pension2 is still a great low-cost retire­ment plan for Cal­i­for­nia Teach­ers. I would still use it for my 403b or 457b if I were still working.

Good News From Van­guard: $3 Tril­lion in Assets and a Birthday!

Van­guard just had its 40th birth­day on Sep­tem­ber 24, 1974. Here is an excel­lent arti­cle about Van­guard and the won­der­ful man who cre­ated it:

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Did Garrett Planning Network Pass the Smell Test?

A Reader’s Rejec­tion When Ask­ing for Finan­cial Help

One of Their Fee-only Finan­cial Advis­ers Failed the Test

Dan and I are big advo­cates for Gar­rett Plan­ning Net­work and the National Asso­ci­a­tion of Per­sonal Finan­cial Advis­ers. Peo­ple are search­ing for a trusted finan­cial pro­fes­sional who will not screw clients with exces­sive costs or self-conflicting com­mis­sioned laden invest­ments. How­ever, my loy­alty to these fee-only pro­fes­sional orga­ni­za­tions was put to the test recently, but not what you might think nor would I have ever pre­dicted this story.

A reader (I’ll call him “Jake”) wrote after find­ing a Gar­rett finan­cial plan­ner in his neigh­bor­hood from their web­site search fea­ture: “I explained to her that I was tweak­ing my port­fo­lio and wanted to make sure I was on the right track that’s when she informed me that a lot of finan­cial plan­ners don’t like to take hourly work.” After a brief dis­cus­sion, the plan­ner sent Jake on his way.

Jake didn’t seem both­ered, but I was because I always refer peo­ple to Gar­rett. My under­stand­ing is that one of the pri­mary advan­tages of Gar­rett was their hourly ser­vice for poten­tial, savvy clients. My read­ers belong to this group. I fig­ured that these advis­ers want their clients to know about their finances, so clients can han­dle the respon­si­bil­ity which always remains with the client.

This adviser’s dis­parag­ing com­ment about hourly work does not meet the stan­dards of Gar­rett Net­work pro­fes­sional orga­ni­za­tion. She made a huge assump­tion about “a lot of” Garrett’s advis­ers. To assume any­thing about “a lot of finan­cial plan­ners” was out-of-line. If she was too busy, she could have referred Jake to a col­league. I have always under­stood that clients were pro­vided a com­pli­men­tary first ses­sion or are told that new clients are not pos­si­ble at this time. But she dis­missed Jake like yesterday’s newspaper.

Talked with This Adviser

I called the adviser. I told her that I write a finan­cial blog and try to help my teacher col­leagues find fee-only, fidu­ciary finan­cial advis­ers. I have always rec­om­mended read­ers to Gar­rett or NAPFA for pro­fes­sional help. I wanted her side of the story. Wow! Did I get an ear­ful. Con­tinue read­ing

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Can 403b vendors sell product on LAUSD school campuses?

Title for Brads access article

Los Ange­les Uni­fied School Dis­trict employ­ees have the option to enroll in two tax-deferred retire­ment plans—a 457(b) plan and/or a 403(b) plan. Dis­trict pol­icy on ven­dor access to cam­puses dif­fers greatly for each plan. In this arti­cle I hope to resolve any ques­tion regard­ing ven­dor access to school cam­puses and, for that mat­ter, any Dis­trict property.

Click here and scroll down to page 3 for LAUSD BUL-6178.0: Employee Unions, Asso­ci­a­tions, and Orga­ni­za­tions, Solic­i­ta­tions and Sale of Mer­chan­dise, and Use of School Mail, dated Octo­ber 14, 2013, clearly states that “no agent may solicit employ­ees, adver­tise or dis­trib­ute pro­mo­tional mate­ri­als for the pur­pose of insur­ance poli­cies, solic­i­ta­tion of con­tracts for tax-sheltered annu­ities, 403(b) vol­un­tary retire­ment sav­ings or sim­i­lar ben­e­fits on Dis­trict prop­erty (includ­ing vehi­cles) or through Dis­trict media, email or pub­li­ca­tions, includ­ing web­sites.” Sim­ply put, the sale of 403(b) prod­ucts on any Dis­trict prop­erty is not allowed.

The above-mentioned bul­letin also clearly states that autho­rized rep­re­sen­ta­tives of the LAUSD-sponsored 457(b) plan are allowed on Dis­trict prop­erty, includ­ing cam­puses. There is just one 457(b) plan for LAUSD employ­ees, and it is man­aged by the Dis­trict Retire­ment Invest­ment Advi­sory Com­mit­tee, which includes rep­re­sen­ta­tives of Dis­trict bar­gain­ing units and staff. (I rep­re­sent AALA on the com­mit­tee; Alan O’Hara is my alter­nate. See below for a list of union reps on this committee).

This bul­letin goes on to state that pre­sen­ta­tions on retire­ment, per­sonal finance or insur­ance also are not allowed on Dis­trict property—other than by offi­cial rep­re­sen­ta­tives of the LAUSD 457(b) plan, Cal­STRS and CalPERS (Click here for details and to ask for a rep to make a pre­sen­ta­tion on your cam­pus. Any­body can request a pre­sen­ta­tion).

Per the bul­letin, employ­ees may not use Dis­trict facil­i­ties such as tele­phones and fax machines to arrange appoint­ments or dis­cuss any phase of pri­vate insur­ance, annu­ities, 403(b)s or sim­i­lar pro­grams. They may not meet com­pany rep­re­sen­ta­tives on Dis­trict prop­erty. The only excep­tion is autho­rized rep­re­sen­ta­tives of the LAUSD-sponsored 457(b) plan.

More infor­ma­tion on deferred com­pen­sa­tion plans can be found at The autho­rized rep­re­sen­ta­tives of the District-sponsored 457(b) plan may be reached at the LAUSD 457(b) Deferred Com­pen­sa­tion Office at (213) 241‑3136.

About the author: Mr. Rum­ble is prin­ci­pal of Esper­anza Ele­men­tary and serves as the AALA rep­re­sen­ta­tion to LAUSD Invest­ment Advi­sory Com­mit­tee. He is one of sev­eral union reps listed below on this committee:


Building-Trades Coun­cil

SEIU Local 99

Team­sters local 572




Ben­e­fits administration

and Board of Edu­ca­tion rep

If your union is not listed and you are inter­ested in becom­ing a rep or an alter­nate, please call (213) 241‑3136.  ALL unions are wel­comed and encour­age to send a rep. No finan­cial back­ground or expe­ri­ence is necessary.

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Money Roundup: Portfolio Evaluation, CA couple saved 1.5M under 40 w/ 2 kids! & other tid bits.

Port­fo­lio Eval­u­a­tion Any­body?

Lis­ten to my friend Ron DeLegge of the Index Invest­ing Show eval­u­ate a listener’s port­fo­lio. Ron just did his weekly Port­fo­lio Report Card on a $95,0000 retire­ment port­fo­lio for Charles — a farmer, in Sweet­wa­ter, OK.  If you want your port­fo­lio eval­u­ated, send your request to Ron and he will do it for FREE. Ron’s port­fo­lio eval­u­a­tion is right on point. He talks about diver­si­fi­ca­tion, asset classes, stock/bond split, per­for­mance and most impor­tant invest­ment COSTS.Take a lis­ten:–08-28T05_00_00-07_00 (I lis­ten to all of his pod­casts on my iPhone at the gym).

A Young Cal­i­for­nia Cou­ple with 2 young chil­dren tell you how they did it!

You must read this inspi­ra­tional announce­ment and dis­cus­sion about a young cou­ple, he is 39 and she 38 amassed $1.5 mil­lion. Dan and I are thrilled that young peo­ple are get­ting the invest­ment process right. As we have said in our book and on this blog, learn­ing to invest is not com­pli­cated and the rewards are tremen­dous. For starters, peace of mind! These folks have no more money prob­lems for the rest of their lives! Take a look at their amaz­ing story and the responses:

For My PreK-12 Teacher Colleagues.

If you are look­ing for finan­cial advice and don’t know where to turn, you need to con­tact your union and dis­trict and demand that they offer finan­cial plan­ning work­shops. The Cal­i­for­nia Teach­ers Asso­ci­a­tion has been offer­ing finan­cial work­shops. I have not been to them because I am retired, but I have heard that they are good and they sup­pos­edly do not try to sell you some­thing. Ask them to expand their work­shops to more mem­bers. Their online finan­cial web­site has excel­lent 403b/457b infor­ma­tion: You don’t have to be a teacher to learn from the infor­ma­tion pro­vided.

Boglehead’s Authors Released 2nd Edi­tion of their book, The Bogle­heads Guide to Investing.

Dan and I fol­low the Boglehead’s invest­ing philosophy–stay the course, con­trol invest­ment costs and spend­ing, use the index­ing strat­egy that offers broad diver­si­fi­ca­tion over all major asset classes and do NOT for­get to have a bond allo­ca­tion approx­i­mately equal to your age. There are thou­sands of fol­low­ers of Invest­ing giant, John Bogle. The lead­ers of that great forum,, have released their newest edi­tion, The Bogle­heads Guide to Invest­ing, 2nd Edi­tion. It is highly rec­om­mended that you pur­chase this book and read it so you can become that young cou­ple men­tioned above. Pene­lope Wang wrote a great review:

Never too Late to Start

If you are older and think its too late, you are WRONG! That’s why we wrote a book because so many of us started much later and made mis­takes. Pick up a copy of our book, Late Bloomer Mil­lion­aires, its not too late for us old­sters too.

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