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 postcard and a letter about changes. Here is a discussion about those changes expressed by three Pension2 investors and Scott Dauenhauer, CFP, MSFP, AIF, consultant to CalSTRS answers:
Discussion 1: http://board.403bwise.com/index.php?showtopic=5851
Discussion 2: http://board.403bwise.com/index.php?showtopic=5857
Bogleheads also chimed in: http://www.bogleheads.org/forum/viewtopic.php?f=10&t=146743
IMO: Pension2 is still a great low-cost retirement plan for California Teachers. I would still use it for my 403b or 457b if I were still working.
Good News From Vanguard: $3 Trillion in Assets and a Birthday!
Vanguard just had its 40th birthday on September 24, 1974. Here is an excellent article about Vanguard and the wonderful man who created it: http://www.philly.com/philly/blogs/inq-phillydeals/John-Bogles-40-year-history-of-Vanguard.html