Question: Why would anybody use a retirement plan that generates the most customer complaints according to a federal watch dog, FINRA? Answer: Complaints or not, my profession, prek-12 teachers, sign up with tax shelter annuities by the tens of thousands because the they don’t know of the high costs, that annuities are inappropriate retirement plans …
Which retirement plan records the most customer complaints? Read More »
The future of the financial system will be smaller, leaner, low-cost, and less complex (thank goodness!). Currently, the vast majority of retirement plans (403b, 401k, 457b*) are big, fat, high-cost and way too complex. Retirement planning should be about as difficult to discover and learn as our first day on the job. For teachers it …
Hi READERS, Notice to readers. These chapters are an early version of my new book without the 17 appendices, glossary, financial pod casts and other information in the 2nd half of the book. For the finished and completed published book, go to the home page and obtain the free pdf. DO NOT GO TO AMAZON! …
Stock Market Reaching New Highs! Isn’t the stock market going crazy! Our portfolio has made up about a 30% of the cost of purchasing our new Tesla electric car since we bought it two months ago. That’s how wealth building works with investments that grow with the economy (annuities don’t). If the market continues to …
Subtitle: Educators Challenged Tax-sheltered Annuities and WIN! Notice to readers. These chapters are an early version of this book without the 17 appendices, glossary, financial pod casts and other information in the 2nd half of the book. For the finished and completed published book, go to the home page and obtain the free pdf, click …
Continuing the discussion, locating a financial adviser who looks after your best interest Choosing a financial adviser is one of life’s major decisions that could cost you thousands of dollars in investment fees over many years, if you don’t do your due diligence. As you know Dan and I have our money in Vanguard because …
Fee-only Fiduciary Financial Advisers, discussion continues. Read More »
Hello, Below is information we gave out to the participants at the last financial workshop. The first is a list of compiled comments I have heard over the years from financial sales pitches versus objective information from a fiduciary. If you have additional comments you heard from financial sale force, please post what you heard …
Finding and Evaluating a Genuine Fee-only Fiduciary Financial Adviser Read More »
Los Angeles Unified School District and United Teachers Los Angeles All Day Financial Investment Seminar. There is a lot of information in this one post! I tried to do the impossible: illustrate and discuss the investment seminar main points in one post. It’s impossible and will be overwhelming if you had not attended. My hope …
Report of LAUSD/UTLA Investment 403b/457b Workshops, April 26, 2014 Read More »
Dan and I will be presenting for the third time! Come and enjoy the information from all the presenters with lite breakfast and lunch included for $5.00. We will be giving away information about evaluating financial advisers, fiduciary responsibility definition and the oath and the list of all LAUSD 403b/457b options.
ATTENTION Readers: This chapter is an early version of my new book just released, March, 2015. For an update of all the Chapters including this Chapter 10, go to the home page and scroll down. On the right are directions to get the full story in 11 Chapters and 17 appendices, resources, letters, books, podcasts …
Chapter 10: Our Committee Recommends a new TPA, a Genuine Fiduciary. Read More »