The Wall Street Jungle (1970) by Richard Ney I love books that expose Wall Street’s ways. My review is more historical in how Ney’s great book fits with another giant who also took on Wall Street’s gambling habits, Jack Bogle, founder of the Vanguard Group and the creator of the indexing strategy. Richard Ney was …
Retirement Planning Savings Plans All Day Investment Workshop Results LAUSD/UTLA 403b/457b Investing Workshop Saturday, November 15, 2014 Here were the workshops presented: Rick Rodgers Keynote and Lunch time talk Art Wexler 457b Presentation Teacher Crystal Mendez’s Story, how she saved $160,000 by age 33. Retired Teachers Steve Schullo/Dan Robertson (Financial Journey with 403b/457b plans). What …
Tuesday, November 11th is Veterans Day Please Remember the Veteran in Your Life. Discounts and Freebies Reported by Heather Sweeney There are literally hundreds of discounts available all over the country. • 2014 Veterans Day Restaurant Offerings • 2014 Veterans Day Travel & Recreation Discounts • 2014 Veterans Day Retailer Offerings • 2014 Veterans …
Who Really Cares: The Surprising Truth About Compassionate Conservatism by Arthur Brooks and James Wilson. Data provided some good points, but the methodology and interpretation was biased to the private enterprise ideology. This started off very interesting, but descended into a chance for the authors to rant. In the end it was not an incentive …
Another great 403b/457b workshop is scheduled for Saturday, November 15 at United Teachers Los Angeles Headquarters. It’s another all day event with several presenters including Dan and I with light breakfast and FREE LUNCH! Dan and I will show and discuss what we did to plan for our retirement as teachers. We will also discuss …
Los Angeles Unified/Teachers Union Investment Planning Workshop November 15 Read More »
Iowa Reforms Their 403b In 2008 Iowa took steps to move from an “any willing provider 403(b) environment” to a competitive bid process. In California just about everything else that school district need to run programs is competitively bid by outside contracts such as books, computer equipment, consultants, BUT NOT THE 403b. We tried twice to …
Iowa Took Courageous steps to Reform their 403b. Wish California was Courageous too. Read More »
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 »
A teacher colleague of mine was rejected when asking for financial help because the advisor told my reader that “…a lot of financial advisers don’t like to take hourly work.” Wow! This adviser’s comment is absolutely against Garrett’s founder Sheryl Garrett mission statement about fee-only, hourly work. For the record, this adviser has been taken off the Garrette Planning Network.
Read this short story, and you will discover how to best approach and interview a potential adviser and if something goes array you can report a complaint.
Los Angeles Unified School District employees have the option to enroll in two tax-deferred retirement plans—a 457(b) plan and/or a 403(b) plan. District policy on vendor access to campuses differs greatly for each plan. In this article I hope to resolve any question regarding vendor access to school campuses and, for that matter, any …
Can 403b vendors sell product on LAUSD school campuses? 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 …