Martin Olvera was not just a teacher in the next classroom, he was a friend and colleague that had an huge impact on my teaching career, but especially my students. I heard of his shocking and sudden death just a week ago and wrote this piece to remember what he did, not just …
My Latest Good News on My “Modest Proposal.” By Steve Schullo Member-at-Large, LAUSD Retirement Investment Advisory Committee (RIAC) If you read my previous post just published the other day, you read my thinking, analyses, and my purpose for undertaking a major revamping. Let me be clear, the current plan is a great plan. While …
Steve’s LAUSD’s 457(b) “Modest Proposal” Update! Read More »
Los Angeles Unified School District’s Headquarters in downtown Los Angeles The word “passive” is hardly ever been a positive word in our aggressive, capitalistic, and materialistic-minded culture. We value and reward assertiveness and aggressiveness. We see the hero, always a lone wolf, played out in the media, movies, TV shows, the stories we tell …
First in a Series: Passive Strategy Proposal for LAUSD 457(b) plan Read More »
If you are thinking about hiring a financial adviser, you might be wise to read my experience of unethical “advisers” who took full advantage of my naivete to impose unorthodox legal commissions and high costs.
My financial story is remarkably simple. I have always given people the benefit of the doubt, even though I was taken advantage of when I was younger, which cost me $6000. I call this the youthful “tuition” of getting wiser and knowledgeable about everything financial, and now helping others. Some may regret this negative and costly experience for the rest of their lives. I do not. I did something about it—my suggestions about what I do now are contained in this blog post.
Number 6 in this long series of 67 shark attacks and repellant posts on how to protect yourself with a little financial know-how.
In this series, you will discover shark repellent by finding a genuine fiduciary financial adviser. A fiduciary is a financial professional who looks out after your best interests over theirs. Now that’s REPELLENT against the predatory attacks by unethical and self-conflict professionals who only look at getting commissions and high fees FROM YOU. Make no mistake, in the public K12 world the 403(b) greedy sharks are EVERYWHERE!
A fiduciary financial adviser should construct a well-diversified low-cost Vanguard portfolio like the one I constructed for myself and have used now for 15 years with good success. Fiduciaries are not sharks.
Number 5 in this long series of 67 shark attacks and repellant posts on how to protect yourself with a little financial know-how.
In this series, you will discover shark repellent by finding a genuine fiduciary financial adviser. A fiduciary is a financial professional who looks out after your best interests over theirs. Now that’s REPELLANT against the predatory attacks by professionals who only look at getting commissions and high fees FROM YOU. Make no mistake, in the public K12 world the 403(b) sharks are EVERYWHERE!
Suggestions for a married couple when your spouse is not interested in knowing how to manage the family’s finances, this is a must-read! A naive’ widow (and some widowers too) is prime AAA golden goose who is 100% vulnerable to shark attacks. Protect your spouse and your family fortune before it is too late.
Number 4 in this long series of 67 shark attacks and repellant posts.
This massive series on how to recognize the difference between conflict-loaded financial advice (aka sales pitches) versus conflict-free objective advice (from a genuine fee-only fiduciary financial adviser).
If you are a K12 teacher be aware. The nicely dressed and smiley sharks are everywhere on public k-12 school campuses and district offices 24/7.
Number 3 in this series of 67 shark attacks and repellant posts.
This massive series on how to recognize the difference between conflict-loaded financial advice (aka sales pitches) versus conflict-free objective advice (from a genuine fee-only fiduciary financial adviser).
Most shark attacks occur on public K12 school districts. But everybody will discover how to protect yourself from conflicted advice. Sales pitches are everywhere! The salesforce are comprised of people who are very nice, smart, social, talkative, and nicely dressed. But they are not acting on your best interests because they get a kickback in the form of a commission or annual costs of the retirement plan they sold you, typically annuities.
You will not only recognize the difference between a nonfiduciary financial professional and a fiduciary, this series of 67 posts (one tip per day for the next two months), will clear up the distractions of the financial language. Thus, you can more effectively monitor your current financial adviser, find a new one, or just take matters into your hands and evolve into a DIYer (do-it-yourself). Once you are exposed to the basics spelled out in this series, you will discover that the financial world is not complicated or intimidating as all of us were lead to believe.
If you are a K12 teacher be aware. I repeat. The sharks are everywhere on school campuses and district offices 24/7. Their attacks occur routinely at public K-12 school districts.
Number 2 in this series of 67 shark attacks and repellant posts.
This series on how to recognize the difference between conflict-loaded financial advice (aka sales pitches) versus conflict-free objective advice (from a genuine fee-only fiduciary financial adviser). While this series focuses on K12 teachers where most shark attacks occur in the corrupted 403(b), everybody will discover how to protect yourself from conflicted advice.
You will not only recognize the difference between a nonfiduciary financial professional and a fiduciary, this series of 67 posts (one tip per day for the next two months), will clear up the distractions of the financial language. Thus, you can more effectively monitor your current financial adviser, find a new one, or just take matters into your hands and evolve into a DIYer (do-it-yourself). Once you are exposed to the basics spelled out in this series, you will discover that the financial world is not complicated or intimidating as all of us were lead to believe.
If you are a K12 teacher be aware. The sharks are everywhere on school campuses and district offices 24/7. Their attacks occur routinely at public K-12 school districts for decades.
The next 67 posts are human shark attacks euphemistically called sales pitches.
This series on how to recognize the difference between conflict-loaded financial advice (aka sales pitches) versus conflict-free objective advice (from a genuine fee-only fiduciary financial adviser). While this series focuses on K12 teachers where most shark attacks occur, everybody will discover how to protect yourself from conflicted advice.
You will not only recognize the difference between a nonfiduciary financial professional and a fiduciary, this series of 67 posts (one tip per day for the next two months), will clear up the distractions of the financial language needed to monitor your current financial adviser, find a new one, or just take matters into your hands and evolve into a DIYer (do-it-yourself). Once you are exposed to the basics spelled out in this series, you will discover that the financial world is not complicated or intimidating.
One Important Exception: Fee-only financial advisors who charge an out-of-pocket hourly fee and sign a fiduciary oath are NOT sharks.