Late Bloomer Wealth

Late Bloomer Wealth

Dedicated to Helping K12 Teachers with their 403(b) & 457(b) plans.

Fiduciary Standard

Did Garrett Planning Network Pass the Smell Test?

8 Comments / Do it yourself investors (DIY), Fee Only Fiduciary Financial Advisors, Fiduciary Standard, Financial Education/Literacy / By

A teacher colleague of mine was rejected when asking for financial help because the advisor told my reader that “…a lot of financial advisers don’t like to take hourly work.” Wow! This adviser’s comment is absolutely against Garrett’s founder Sheryl Garrett mission statement about fee-only, hourly work. For the record, this adviser has been taken off the Garrette Planning Network.
Read this short story, and you will discover how to best approach and interview a potential adviser and if something goes array you can report a complaint.

Which retirement plan records the most customer complaints?

Leave a Comment / Beginning Investing, Consumer Finance, Fee Only Fiduciary Financial Advisors, Fiduciary Standard, Financial Education/Literacy, Laymen to Laymen Financial Information, Low Cost Investors, Personal Finance, PreK-12 Educators, Retirement Planning / By

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 …

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Los Angeles Unified WINS 457(b) Retirement Plan Award!

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National Association of Governmental Defined Contribution Administrators (NAGDCA) NAGDCA released their annual Leadership award recipients for 2014. Los Angeles Unified School District won in the 457(b) “Plan Design” category! Why did we win? Very easy, LAUSD has one of the lowest costs retirement plans in the country. Take a look at the fees in the …

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John Bogle Says….

2 Comments / Baby Boomer Investors, Beginning Investing, Consumer Finance, Do it yourself investors (DIY), Fee Only Fiduciary Financial Advisors, Fiduciary Standard, Financial Education/Literacy, Frugal Habits, Gay Investors, Investor, Late Bloomer, Late Starters, Laymen to Laymen Financial Information, Lesbian Investors, Low Cost Investors, National Save for Retirement Week, Passive Investment Strategy, Personal Finance, PreK-12 Educators, Retirement Planning, Socially Responsible Investing, Women Investors / By

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 …

John Bogle Says…. Read More »

New Proposed 403b/457b Book for Educators

Leave a Comment / Beginning Investing, Consumer Finance, Fee Only Fiduciary Financial Advisors, Fiduciary Standard, Financial Education/Literacy, Laymen to Laymen Financial Information, Low Cost Investors, Personal Finance, PreK-12 Educators, Retirement Planning / By

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! …

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Free ebook, Calculators and another reference to connect with fee-only financial advisers

Leave a Comment / Beginning Investing, Consumer Finance, Fee Only Fiduciary Financial Advisors, Fiduciary Standard, Financial Education/Literacy, Frugal Habits, Late Bloomer, Late Starters, Laymen to Laymen Financial Information, Low Cost Investors, Personal Finance, PreK-12 Educators, Retirement Planning, Women Investors / By

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 …

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Introduction to a new proposed Book

1 Comment / Baby Boomer Investors, Beginning Investing, Consumer Finance, Do it yourself investors (DIY), Fee Only Fiduciary Financial Advisors, Fiduciary Standard, Financial Education/Literacy, Gay Investors, Investor, Late Bloomer, Late Starters, Laymen to Laymen Financial Information, Lesbian Investors, Low Cost Investors, National Save for Retirement Week, Passive Investment Strategy, Personal Finance, PreK-12 Educators, Retirement Planning, Socially Responsible Investing, Uncategorized, Women Investors / By

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 …

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Fee-only Fiduciary Financial Advisers, discussion continues.

Leave a Comment / Beginning Investing, Consumer Finance, Fee Only Fiduciary Financial Advisors, Fiduciary Standard, Financial Education/Literacy, Laymen to Laymen Financial Information, Passive Investment Strategy, Personal Finance, PreK-12 Educators, Retirement Planning / By

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 …

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Finding and Evaluating a Genuine Fee-only Fiduciary Financial Adviser

Leave a Comment / Beginning Investing, Consumer Finance, Fee Only Fiduciary Financial Advisors, Fiduciary Standard, Financial Education/Literacy, Laymen to Laymen Financial Information, Personal Finance, PreK-12 Educators, Retirement Planning / By

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 …

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Report of LAUSD/UTLA Investment 403b/457b Workshops, April 26, 2014

2 Comments / Beginning Investing, Consumer Finance, Do it yourself investors (DIY), Fee Only Fiduciary Financial Advisors, Fiduciary Standard, Financial Education/Literacy, Low Cost Investors, Passive Investment Strategy, PreK-12 Educators / By

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 …

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