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 who have not saved.
The author explains and addresses, head-on, the many problems with the financial industry’s relationship to regular investors.
Many people just want to throw up their hands and give up. But not one reader. She asked the perfect question. She wondered if there existed an easier way to learn to invest just enough to manage her own money. Yeah! This blog is for beginners to confidently understand, benefit from and succeed in learning how to invest for retirement. Thus, Dan and I developed this four-part series for beginner investors.
Part 1 of a 4 part series for the absolute beginner. Knowing what to ignore is half of the challenge of becoming a do-it-yourselfer. Parts 2, 3 and 4 are the specific knowledge needed for constructing a portfolio of stocks and bonds.
Part 2: How Wall Street Organizes Stocks and Bonds Since 2008, we have heard negative news about Wall Street. While much of it is true, we can be thankful for one Wall Street historical contribution. In Part 2, we continue our journey of discovering what Wall Street has already done to make investing simple. Understanding …
Part III: The Stock/Bond Allocation Split and Rebalancing Since 2008, a retired friend has put 100% of his money in cash. He recently asked if it’s time to get back into the stock market. You already recognize our friend’s major mistake–100% into anything is not diversification. Still, we can tell a lot about our friend’s …
Part 4: Putting It All Together In Part I we discussed what to ignore in the enormous and complex financial industry and what to focus on–stocks and bonds. The proverbial “needle” in the “needle in the haystack” is found easily. Knowledge of ignoring the financial world ‘s “haystack” is the trick to finding the needle. …
Part 2 of a 3-Part Series: A Way Around Costly 403(b) Plans (Click here if you missed Part 1) In so-called ‘open vendor’ states, high-cost 403(b) plans may be side-stepped by turning to 457(b)s, explains plan-participant advocate Steve Schullo. W. Scott Simon, 06/10/2015 W. Scott Simon is a principal at Prudent Investor Advisors, a registered …
Part 2 403(b) Interview: by Fiduciary Attorney W. Scott Simon Read More »
Reforming K-12 Public School District 403(b) Plans Part 1 of a 3-Part Series For Part 2: click here May 7, 2015 Steve Schullo is working to shed light on the awful shortcomings of K-12 403(b) plans. Scott Simon, 05/07/2015 Scott Simon is a principal at Prudent Investor Advisors, a registered investment advisory firm. He also …
Interviewed by Fiduciary Attorney: K-12 403(b) Plans Read More »
Dan and I joined this local professional organization. The Desert Business Association (DBA) serves 300 members who are mostly LGBT locally-owned businesses. Our book designer, Mark, and a fiduciary financial adviser, Bob, told us about the DBA mixers hosted by different members at their place of business. This gives members and chance to talk about …