Many great companies exist that support the best values of our civilization–world peace, healthy living, great working conditions, clean energy using consumer goods, and entertainment. They produce goods and services which make the world a better place. In this article, I will show you how to support a couple of ideas and save a ton of money on home power usage and auto transportation. My favorite companies are clean, green, and pay their workers well. Computer technology, green energy, and biotech companies are primary drivers of my vision for the future and social values. Many products, services, and devices are developed, made, and delivered from hundreds of companies that affect our leisure time, how we work and travel, and our health and social well-being. These corporations are Socially Responsible Investments (SRI) because they exist to support our civilization’s peaceful efforts throughout the world, and for people to be more harmonious, productive and happy.Learn More
A Sad and True Story About One of Our Los Angeles Unified School District (LAUSD) Teacher Colleagues. He delayed retiring year after year despite constant nagging from friends.Learn More
LAUSD Employees! Another personal finance workshop that you must attend. As will all of the past workshops offered, it is packed full of good information about how to invest and plan for retirement, use of CalSTRS’ 403bcompare.com, and how one of our colleagues used to be in the financial industry but decide to work with children. Read with participants said about previous investment workshops.Learn More
When you think about greatness, we default to Micheal Jordan, President Lincoln or Albert Einstein. The Los Angeles Unified School District’s 457(b) plan may not appear to be great but when compared to the typical 403(b) plan, it is most certainly GREAT!Learn More
Welcome New York Times Readers to my Blog. My name is Steve Schullo, a retired Los Angeles Unified School teacher and an advocate for cheaper 403(b) plans for over 20 years. Please follow up on these fantastic (and rare) print media articles by a fantastic New York Times editorial staff, and their superb reporter Tara Siegel-Bernard.
She has been working on these articles since the beginning of the year. The educational professional and its institutions are reticent to talk about the 403(b). The rationale is easy. We educators hardly ever talk about the 403(b) publically or in any organized manner. Why? Nothing wrong with talking about how to best invest our retirement money that supplements our pension plan. After all, the 403(b) is 100% of our money.Learn More
Ten years ago a brilliant benefits administrator, George Tischler (now retired), launched Los Angeles Unified District’s 457(b) plan. Since then, our advisory committee has lowered costs and selected more index funds with broad diversification. It is the model which all employer-sponsored retirement plans should follow because the plan and the advisory committee follows the fiduciary standard. My free eBook, Fighting Powerful Interests, is about the history, development and the reasons why the Award Winning 457(b) became an option in 2006. Since I have been on the advisory committee, we have followed the fiduciary standard since day one for good reason–to look out for your best financial interests.
This blog post is for all public educators who want to discover how to use the 403(b) or the 457(b). It is specifically for my LAUSD colleagues. I will discuss fiduciary standard, a little history of our complicated relationship of LAUSD, its employees, insurance industry’s 403(b), and why the 457(b) came into fruition to fix and clarify the historical and often corrupted 403(b).