A 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 …
Retired teacher worries about running out of money & other tidbits Read More »
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 …
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 »
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 …
Los Angeles Unified WINS 457(b) Retirement Plan Award! Read More »
Hi, We have not provided an update to our portfolio since we published our book 1.5 years ago. In the last two years, our portfolio has performed so well, we finished remodeling our house with new AC and a master bath and our portfolio has remained the same! Our purpose now is to show how …
Our Portfolio Mid-Year 2014 Evaluation and Performance 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 …
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 »