Fiduciary Standard

Conversation with a Fee-Only Fiduciary 0

Conversation with a Fee-Only Fiduciary

Posted by on May 24, 2016 in Fee Only Fiduciary Financial Advisors, Fiduciary Standard, Financial Education/Literacy

The blog post will go help you recognise on-the-spot a fee-only fiduciary financial adviser. It is my vision of what a conversation might look like between a client and an adviser who genuinely looks out for your best interests. If you read this blog post you will be doing yourself a great favor and reducing your anxiety about your success of finding a financial adviser that is genuinely helpful, knowledgeable, a good listener and is competent and confident enough to teach clients to feel confident in their decisions.

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Three-Year Anniversary: PBS Frontline 401(k) Documentary! 0

Three-Year Anniversary: PBS Frontline 401(k) Documentary!

Posted by on Apr 23, 2016 in Fiduciary Standard, Financial Education/Literacy, Retirement Planning

On the evening of April 23, 2013, Dan and I watched at a Bed and Breakfast in Philadelphia the much-anticipated PBS Frontline “The Retirement Gamble”. We were in Philadelphia because we gave our presentation about our just released book, Late Bloomer Millionaires, to 100 Vanguard employees. We were part of Vanguard’s diversity outreach to hire LGBT employees. It was a very exiting time!

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2016 Portfolio Plan, Market Crash and Additional Financial Goodies

Posted by on Jan 20, 2016 in Consumer Finance, Do it yourself investors (DIY), Fiduciary Standard, Financial Education/Literacy, Personal Finance

Today’s post is a follow-up to my previous post about my 2015 portfolio return. In the first weeks of 2016 the stock market had its worst beginning of the new year ever. That is a strong and historic statement. Is there anything we should be doing different? As long as you have a low-cost, diversified plan across all major asset classes and that the stock bond split is appropriate for your age and willingness to take risk, there is no reason to change your plan or to capitulate. In fact, it is not good to change your plan to a less risky portfolio while a crash is underway. Check out my portfolio during this current crash.

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K-12 School Districts and NAGDCA: Will They Ever Get Together? 0

K-12 School Districts and NAGDCA: Will They Ever Get Together?

Posted by on Dec 14, 2015 in Fiduciary Standard, Financial Education/Literacy, LAUSD Employees, National Save for Retirement Week, PreK-12 Educators

Before I report on my takeaways from this year’s conference, I want to discuss the background of NAGDCA and what this wonderful professional organization does for us. Our Los Angeles Unified School District “Retirement Investment Advisory Committee” members may not realize how important NAGDCA is in supporting and assisting us with our ultimate goal of reforming the 403(b) into a fiduciary powerhouse. Public K-12 403(b)s have never been a fiduciary. Thus, LAUSD took advantage of showing the world by providing a fiduciary example with our Award Winning 457(b). Sandy and I thank the committee for voting to pay for our expenses in each of the last four years. We thank Benefits Administration for paying the annual NAGDCA governmental membership fees. Without LAUSD’s institutional membership, Sandy and I could not attend. Finally, we thank this great organization for doing the right thing for all public sector employees.

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Book Review of “If You Can: How Millennials Can Get Rich Slowly” 0

Book Review of “If You Can: How Millennials Can Get Rich Slowly”

Posted by on Oct 4, 2015 in Beginning Investing, Consumer Finance, Do it yourself investors (DIY), Fiduciary Standard, LAUSD Employees, Retirement Planning

Dr. Bernstein starts with a simple three-fund portfolio. The Total Stock Market Index, Total International Stock Market Index, and the Total Bond Market Index are spot-on for those who already have the basics of a diversified investment solution.

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