Late Bloomer Wealth

Late Bloomer Wealth

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

PreK-12 Educators

“Genuine Financial Transparency Demonstrated” Part 1

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Part 1 (of 10) Genuine Financial Transparency Demonstrated 2006-2011 Alexander the Great untied the Gordian Knot with his sword. Previous attempts to solve the impossible entanglement were unsuccessful by conventional thinking. Whoever unraveled the maze would become King of ancient Phrygia. Zeus was so pleased with Alexander’s shrewdness he granted royal status and a lifetime of …

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Late Starters? Don’t Worry, get started now

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“ETF Funds For Late Starters” Excerpts: “One of the more unnerving facts about retirement investing is the illusion of knowledge. As we get older and more wise to the world, the tendency is to believe that we understand how things work.”  I agree! Excerpt: “Late starters to investing can avoid this trap by using index …

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Member of LAUSD 403b/457b Oversight Advisory Committee Died Suddenly

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All of us on the 457b/403b oversight advisory committee are shocked and saddened by Jack Moscowitz’s sudden death. The retired principal of some of the biggest high schools in our district, Los Angeles Unified School District, Jack was a natural leader and our committee’s alternate Chair. He represented the administrators’ union from the onset of our …

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Chapter 8–IRS’ Problem with 403b

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Chapter 8 IRS’s Problem with the 403b 2004-2010 The print media, American Federation of Teachers’s AFT_Special_Report Shark ATTACK and our legislative effort highlighted 403b troubles across America. In 2004 the Internal Revenue Service (IRS) entered the fray by proposing new 403b regulations! Why? Was their update going to fix the 403b as the 2001 Economic Growth …

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Chapter 7: California Assembly Bill 2506

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NOTICE TO READERS! This chapter 7 is an early version of my book, “Fighting Powerful Interests.” For the finished and completed published book, go to the home page and obtain the free pdf. (Click here and scroll down. Subscribe to our blog and download the book!). For­ward 2002. In this chapter we head for Sacramento …

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Chapter 5: American Federation of Teachers (AFT) seeks a National 403b Vendor

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NOTICE TO READERS! This chapter 5 is an early version of my book, “Fighting Powerful Interests.” For the finished and completed published book, go to the home page and obtain the free pdf. (Click here and scroll down. Subscribe to our blog and download the book!). Foreword to Chapter 5: Read what the American Federation …

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Chapter 6: TIAA CREF Effort to Get “Union Approved”

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The great TIAA CREF low cost 403b signed on to LAUSD’s 403b list in 2001. Then they tried unsuccessfully to get the United Teachers Los Angeles (UTLA) “Union Approved” stamp.   My decade-old story is timely today. The resistance to TIAA CREF entering the PreK-12 educational profession remains strong. Teachers seldom have low cost 403b plans. My story provides clues as to the reasons why the resistance to low cost 403b companies …

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Chapter 4: TIAA CREF Signs LAUSD’s Hold Harmless Agreement!

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ATTENTION Read­ers: This chap­ter is an early ver­sion of my new book just released, March, 2015. For an update of all the Chap­ters includ­ing this Chap­ter 4, go to the home page and scroll down. On the right are direc­tions to get the full story in 11 Chap­ters and 17 appen­dices, resources, let­ters, books, pod­casts …

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“National Save for Retirement Week” Open Letter to LAUSD school district Board of Education and Superintendent

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     Crystal Mendez, Teacher LAUSD    Brad Rumble, Principal LAUSD September 7, 2013 Los Angeles Unified School District Board Members and Superintendent The Los Angeles Unified School District’s Board of Education will proclaim “National Save for Retirement Week,” on October 20th-26th for the seventh year. Many reports show the dire need of Americans to …

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Chapter 3: 403b Aware: Self-Help was Born

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403b Aware: 403b Self-Help Group was Born 1998-2002 Chapter 3 A Self-Help Group was Born 1998-2002 NOTICE TO READERS! This chapter 3 is an early version of my book, “Fighting Powerful Interests.” For the finished and completed published book, go to the home page and obtain the free pdf. (Click here and scroll down. Subscribe …

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