Late Bloomer Wealth

Late Bloomer Wealth

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

National Save for Retirement Week

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

Leave a Comment / Fiduciary Standard, Financial Education/Literacy, LAUSD Employees, National Save for Retirement Week, PreK-12 Educators / By

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.

John Bogle Says….

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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 …

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Introduction to a new proposed Book

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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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Chapter 10: Our Committee Recommends a new TPA, a Genuine Fiduciary.

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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 …

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“National Save for Retirement Week” Open Letter to LAUSD school district Board of Education and Superintendent

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     Crystal Mendez, Teacher LAUSD    Brad Rumble, Principal LAUSD September 7, 2013 Los Angeles Unified School District Board Members and Superintendent The Los Angeles Unified School District’s Board of Education will proclaim “National Save for Retirement Week,” on October 20th-26th for the seventh year. Many reports show the dire need of Americans to …

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Los Angeles USD 403b/457b Retirement Investment Advisory Committee Meeting Agenda and Proposed Motions

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Update August 19, 2013 All of my motions were tabled. We ran out of time. We did discuss Crystal Mendez and all were in agreement that she and other LAUSD employers should be recognized too. This will be part of a larger marketing campaign to get the word out that LAUSD has one of the lowest costs plan …

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