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 »
Hi LAUSD Colleagues! Dan and I certainly hope you were as satisfied after attending last week’s investment workshops as our contented 13-year-old Korean Jindo mix, Sammy. The evaluation results showed you were! Thanks for coming! This was our fourth workshop as presenters. We were happy to see colleagues that I have worked with years ago looking so good. …
LAUSD’s Investment Workshop Employees’ Comments/Follow up Read More »
CBS Money Watch Interviewed Dan and I about investing and teachers. The following articles are not just for teachers, but for ALL investors. CBS Money Watch financial reporter, Kathy Kristof, published her article here based on data from this website Openfolio. Here is another article, “Why Teachers Make Good Investors,” for more information about teachers and their remarkable investment acumen. But …
CBS Money Watch’s “Report Card:” Teachers Earn an “A” on Investing! Read More »
Image courtesy of debspoons at FreeDigitalPhotos.net The educational leadership is beginning to look out for your best interests. In case you missed it, Click here for my earlier post about the Los Angeles Unified School District’s 457(b), 2nd largest school district receiving a “Plan Design” award. In this blog post, I am thrilled to …
Looking for a GREAT Employer-Sponsored Retirement Plan? Read More »
From Fighting Over Money Issues: To Working Together: We think we have something valuable to say about couple disagreements as we celebrate our 40th anniversary this year. We believe our experience with financial decisions will encourage and inspire all couples, whether lesbian, gay or straight, to see how we worked together despite some inherent money-related …
Rebalancing Our Retirement Portfolio and Our 40-Year Relationship Read More »
Tax-sheltered Annuity’s (TSA) Long, Sordid, and Lucrative Sales History with the Public PreK-12 Educational Culture Since 1961 in California, the Tax-sheltered Annuity (TSA) retirement plan has had runaway sales in the billions of dollars to a very specific clientele: public school PreKindergarten-12th grade educators. Public school employees are familiar with the “TSA” label, which has been …
How Does Irony Explain the 403(b)/TSA “Safe” Money “Guarantees”? Read More »
My name is Steve Schullo, retired LAUSD elementary teacher and former UTLA member. Dan Robertson, also a retired educator, and I created this blog to start a conversation about retirement planning using our district’s volunteer retirement savings plans. This topic is rarely talked about in educational circles. Far too many of our colleagues have no …