Section 403(b) Compliance Guide for Public Education Employers by Ellie Lowder Book Review and an Editorial by Steve Schullo As a retired teacher serving on my district’s 403(b)/457(b) Retirement Investment Advisory Committee, I read this book with great interest. While it’s a compliance guide written for district employers and their benefit administrators, every public education …
Hi LAUSD Colleagues, Exciting development! Because some of you began asking for the Roth 403b/457b, this item has caught the attention of our Retirement Investment Advisory Committee. We are in full support of implementing this wonderful benefit, but payroll tells us they don’t have the resources or the personnel to implement it. Now you need to …
Both Sexes Could Learn from Each Other About the Investing Process Dan and I love reports that show the gradual and incremental commitment to wealth building produces higher returns than the get rich, competitive, short-term “success.” For now, this report, once again, shows that thinking long term is best displayed by female investors. Males trade …
The guest author is a Los Angeles Unified S.D.’s (LAUSD) teacher at Hamilton HS. For the past few weeks, Larry and I have been emailing each other about making the Roth 457(b) a reality for all LAUSD’s employees. Our Retirement Investment Advisory Committee voted to approve the Roth option a year ago, but LAUSD …
A Case For the Roth 457(b) at the Los Angeles Unified School District Read More »
Happy New Year! How did your portfolio perform in 2014? Today’s blog is not about competition, heaven forbid! We show you how we evaluated our return so that it is following the overall stock and bond market index returns. Our goal is to earn the market averages, not exceed them. We invite you to share …
2014 Portfolio Return for “Late Bloomer Millionaire” Authors Read More »
Click here on our society’s problem about leadership and trust. There is probably not much that we already don’t know. But the author starts with the leadership model of Nelson Mandela. Who could possibly fill that great leader’s shoes? Click here to read what John Bogle (The financial world’s “Nelson Mandela”) says about leadership and …
Trust and Leadership. Nelson Mandela and John Bogle. Read More »
What is Objective Information? In the financial world, nothing is more important than objective information. People who approach you about saving for retirement at your place of business, your classroom or union hall are NOT providing objective information. The words “guaranteed” returns and offering “free” refreshments are clear tip-offs that the information provided is biased …
Los Angeles Unified School District’s 403(b)/457(b) A List of All Vendors
Update August 19, 2013 All of my motions were tabled. We ran out of time. We did discuss Crystal Mendez and all were in agreement that she and other LAUSD employers should be recognized too. This will be part of a larger marketing campaign to get the word out that LAUSD has one of the lowest costs plan …
Pound Foolish by Helaine Olen I eagerly anticipated reading “Pound Foolish” by former Los Angeles Times financial (Makeover Feature) editor, Helaine Olen. It’s right down my alley–another critique of the personal finance industry’s dirty underwear and how this industry looks out for their best interests over our own. I was in heaven! I love these types of …