Late Bloomer Wealth

Late Bloomer Wealth

Dedicated to Helping K12 Teachers with their 403(b) & 457(b) plans.

LAUSD Employees

K-12 School Districts and NAGDCA: Will They Ever Get Together?

Leave a Comment / Fiduciary Standard, Financial Education/Literacy, LAUSD Employees, National Save for Retirement Week, PreK-12 Educators / By

Before I report on my takeaways from this year’s conference, I want to discuss the background of NAGDCA and what this wonderful professional organization does for us. Our Los Angeles Unified School District “Retirement Investment Advisory Committee” members may not realize how important NAGDCA is in supporting and assisting us with our ultimate goal of reforming the 403(b) into a fiduciary powerhouse. Public K-12 403(b)s have never been a fiduciary. Thus, LAUSD took advantage of showing the world by providing a fiduciary example with our Award Winning 457(b). Sandy and I thank the committee for voting to pay for our expenses in each of the last four years. We thank Benefits Administration for paying the annual NAGDCA governmental membership fees. Without LAUSD’s institutional membership, Sandy and I could not attend. Finally, we thank this great organization for doing the right thing for all public sector employees.

Los Angeles Unified School District’s 403(b) Story: Table of Contents

Leave a Comment / LAUSD Employees, PreK-12 Educators / By

If you have questions about the 403(b)/TSA, Steve’s free book is a must read for all Los Angeles Unified School District Employees and public PreK-12 Educators across the country. Knowledge of the 403(b) will provide you a valuable guidline to retirement security and income.
Take a look at what readers have said about Fighting Powerful Interests at the bottom of this page.

Are Savvy Educator 403(b) Investors Invisible?

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Have you been excited about sharing some news or valuable piece of information? Of course. In the 403b world, however, shrewd and astute educators are less inclined to share their investing knowledge with colleagues. The 403b is a potentially powerful retirement plan IF YOU KNOW WHAT YOU ARE DOING! If you invest in no-load mutual funds offered by Fidelity, TIAA CREF or Vanguard, consider yourself extremely fortunate. Our employers and the teacher’s unions have done NOTHING to help and usually have their own agendas. This blog post is for both savvy investing educators and for those educators who want to talk but don’t know who.

Introducing “Stan the Annuity Man.”

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Introducing “Stan the Annuity Man”

Dan and I like what this man says about annuities!

Because of our negative experiences with surrender fees, putry returns, misleading and conflict of interest sales pitches from insurance agents, we have been critical of large insurance company annuities. Stan the Annuity Man says the same thing that we have been preaching for years.

Welcome to My Personal Finance Website, Los Angeles Teachers!

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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.

Portfolio Performance Report

Leave a Comment / Beginning Investing, LAUSD Employees, Passive Investment Strategy, Personal Finance, PreK-12 Educators, Retirement Planning / By

Happy Belated 4th of July! How did your retirement investment portfolio perform at the half-way mark of 2015? After years of 24/7 chatter about interest rates, the Federal Reserve Board announced that it will raise interest rates by the end of the year. They haven’t yet, but the mere prospect of higher interest rates hit our bond …

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Top Personal Finance Blogs by Young and Highly Successful Do-It-Yourselfers

Leave a Comment / Beginning Investing, Consumer Finance, Frugal Habits, LAUSD Employees, Low Cost Investors, Passive Investment Strategy, Personal Finance, PreK-12 Educators, Retirement Planning / By

A Review for the Millennial Generation who Seek Financial Freedom: Mr. Money Mustache and White Coat Investor Have you ever thought of managing your own money without an expensive financial adviser? Or just needed somebody you can trust not to rip you off with commissions, and high advisory fees? If you have followed our blog here, that’s precisely what …

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Explaining Wall Street, Part 2

Leave a Comment / Beginning Investing, Financial Education/Literacy, LAUSD Employees, PreK-12 Educators / By

  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 …

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