Late Bloomer Wealth

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: http://board.403bwise.com/index.php?showtopic=5851

Discussion 2: http://board.403bwise.com/index.php?showtopic=5857

Bogleheads also chimed in: http://www.bogleheads.org/forum/viewtopic.php?f=10&t=146743

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: http://www.philly.com/philly/blogs/inq-phillydeals/John-Bogles-40-year-history-of-Vanguard.html

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