WELCOME Los Angeles Educators
(September 2015): Late Bloomer Wealth! Scroll down for a CALL TO ACTION!
Our names are Steve Schullo (Taller one) and my late hubby, Dan Robertson, with our dog Sammi in front of our home in Rancho Mirage, CA. We are retired educators. Our blog and our personal finance books are about how two educators without any formal financial training, started saving late, made mistakes, learned from these experiences and still managed to save enough for our retirement so we could say adios to the classroom earlier than most educators.
I (Steve) worked as an elementary teacher at Hoover, Politi and Alta Loma, and was a technology coach for Cochran MS for 24 years before retiring in 2008. Dan is a retired teacher from LAUSD, where he started teaching sp. ed. in the 1960s, went on to Cal-State Los Angeles and subsequently developed a computer training program at the LGBT Van Ness Recovery House. He also wrote Special Ed grants.
We both saved for retirement in our 403(b) plans. But before you start your plan, read my free downloadable book: Just scroll down on the right, register for our blog and get the free book: Fighting Powerful Interests. You can always opt out later. We have tons of information and links to financial experts that Dan and I trust relating to personal finance. All of our information is based on our experience. We are not professional financial advisers.
Take a look around. But first, to help you get started here are some important prior articles and links about the LAUSD’s 403b and 457b plans specifically for LAUSD employees.
Click here for numerous reviews from people who know about what we have done to help teachers save for retirement. Here is one book reviewer’s example: Pure, unadulterated and honest financial advice from a couple of guys who have persevered through everything life has thrown at them. It’s rare to get such a personal account of someone’s financial life, Late Bloomer Millionaires is really a financial memoir. Steve and Dan walk you through their financial lives and give you an all access pass to their struggles, triumphs, defeats and their victories. I can tell you this, you will NOT read another personal finance book like this one. It is more than just a financial book, it’s a heartwarming journey of love, relationship and growth that uses personal finance as the central theme. This is nonfiction at its best and an adventure worth experiencing. By the end you will feel smarter and empowered financially and full of hope that you can do this thing called life…I mean, retirement!
—Scott Dauenhauer CFP, MSFP, AIF email@example.com
A. CALL TO ACTION: The 457(b) Roth is Coming to LAUSD. BUT Teacher Larry Shoham from Hamilton HS needs your support: firstname.lastname@example.org . Check out his guest article about the Roth’s phenomenal strategy and incentive to save for retirement. http://latebloomerwealth.com/retirement-planning/a-case-for-the-roth-457b-at-l-a-unified-school-district-or-your-employer You are not required to do anything. Larry and the advisory committee that I serve need to show the higher ups at LAUSD a list of people who want the 457b Roth. Please, PLEASE send a message to Larry. If you have questions, just ask either Larry or me.
B. All Available 403(b) and 457(b) Options to LAUSD employees: http://latebloomerwealth.com/lausdretirementinvestmentadvisorycommitteemeeting
C. Websites: Financial Literacy For Teachers
1. National Endowment for Financial Education (NEFE) • 1331 17th Street, Suite 1200 • Denver, CO 80202 • 303–741-6333. NEFE High School Financial Planning Program — http://www.hsfpp.org — LOGIN FOR TEACHER OR STUDENT MATERIALS.
2. FINANCIAL LITERACY SCHOLARSHIP (HIGH SCHOOL SENIORS) –
California Contact — http://www.hsfpp.org/state-programs.aspx
3. University of California Cooperative Extension–Riverside
Connie Costello: email@example.com (951) 827‑5241
D. Here are Materials for Teaching Personal Finance to your students for all grade levels. Inspired by LAUSD award-winning teacher Rafe Esquith and developed by Vanguard. All grade levels. Check it out: https://about.vanguard.com/community-involvement/promoting-financial-literacy/