Late Bloomer Wealth

Late Bloomer Wealth

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

PreK-12 Educators

Iowa Took Courageous steps to Reform their 403b. Wish California was Courageous too.

Leave a Comment / Low Cost Investors, PreK-12 Educators, Retirement Planning / By

Iowa Reforms Their 403b In 2008 Iowa took steps to move from an “any willing provider 403(b) environment” to a competitive bid process. In California just about everything else that school district need to run programs is competitively bid by outside contracts such as books, computer equipment, consultants, BUT NOT THE 403b. We tried twice to …

Iowa Took Courageous steps to Reform their 403b. Wish California was Courageous too. Read More »

Retired teacher worries about running out of money & other tidbits

Leave a Comment / Late Bloomer, Late Starters, Laymen to Laymen Financial Information, Low Cost Investors, Passive Investment Strategy, Personal Finance, PreK-12 Educators, Retirement Planning, Women Investors / By

A former teacher worries about running out of money in retirement. Don’t we all? Look for this article in the Business Section of the LA Times this Sunday, September 28: Click here. Other tidbits in the investment world Some California Teachers wonder about Pension2 changes: If you are investing in Pension2, you have gotten a …

Retired teacher worries about running out of money & other tidbits Read More »

Can 403b vendors sell product on LAUSD school campuses?

Leave a Comment / PreK-12 Educators, Retirement Planning / By

  Los Angeles Unified School District employees have the option to enroll in two tax-deferred retirement plans—a 457(b) plan and/or a 403(b) plan. District policy on vendor access to campuses differs greatly for each plan. In this article I hope to resolve any question regarding vendor access to school campuses and, for that matter, any …

Can 403b vendors sell product on LAUSD school campuses? Read More »

Money Roundup: Portfolio Evaluation, CA couple saved 1.5M under 40 w/ 2 kids! & other tid bits.

Leave a Comment / Beginning Investing, Consumer Finance, Financial Education/Literacy, Frugal Habits, Late Bloomer, Late Starters, Laymen to Laymen Financial Information, Low Cost Investors, Passive Investment Strategy, Personal Finance, PreK-12 Educators, Retirement Planning / By

Portfolio Evaluation Anybody? Listen to my friend Ron DeLegge of the Index Investing Show evaluate a listener’s portfolio. Ron just did his weekly Portfolio Report Card on a $95,0000 retirement portfolio for Charles – a farmer, in Sweetwater, OK.  If you want your portfolio evaluated, send your request to Ron and he will do it …

Money Roundup: Portfolio Evaluation, CA couple saved 1.5M under 40 w/ 2 kids! & other tid bits. Read More »

Which retirement plan records the most customer complaints?

Leave a Comment / Beginning Investing, Consumer Finance, Fee Only Fiduciary Financial Advisors, Fiduciary Standard, Financial Education/Literacy, Laymen to Laymen Financial Information, Low Cost Investors, Personal Finance, PreK-12 Educators, Retirement Planning / By

Question: Why would anybody use a retirement plan that generates the most customer complaints according to a federal watch dog, FINRA? Answer: Complaints or not, my profession, prek-12 teachers, sign up with tax shelter annuities by the tens of thousands because the they don’t know of the high costs, that annuities are inappropriate retirement plans …

Which retirement plan records the most customer complaints? Read More »

Los Angeles Unified WINS 457(b) Retirement Plan Award!

1 Comment / Fiduciary Standard, Low Cost Investors, Passive Investment Strategy, PreK-12 Educators / By

National Association of Governmental Defined Contribution Administrators (NAGDCA) NAGDCA released their annual Leadership award recipients for 2014. Los Angeles Unified School District won in the 457(b) “Plan Design” category! Why did we win? Very easy, LAUSD has one of the lowest costs retirement plans in the country. Take a look at the fees in the …

Los Angeles Unified WINS 457(b) Retirement Plan Award! Read More »

Our Portfolio Mid-Year 2014 Evaluation and Performance

Leave a Comment / Beginning Investing, Consumer Finance, Financial Education/Literacy, Laymen to Laymen Financial Information, Low Cost Investors, Passive Investment Strategy, Personal Finance, PreK-12 Educators / By

Hi, We have not provided an update to our portfolio since we published our book 1.5 years ago. In the last two years, our portfolio has performed so well, we finished remodeling our house with new AC and a master bath and our portfolio has remained the same! Our purpose now is to show how …

Our Portfolio Mid-Year 2014 Evaluation and Performance Read More »

John Bogle Says….

2 Comments / Baby Boomer Investors, Beginning Investing, Consumer Finance, Do it yourself investors (DIY), Fee Only Fiduciary Financial Advisors, Fiduciary Standard, Financial Education/Literacy, Frugal Habits, Gay Investors, Investor, Late Bloomer, Late Starters, Laymen to Laymen Financial Information, Lesbian Investors, Low Cost Investors, National Save for Retirement Week, Passive Investment Strategy, Personal Finance, PreK-12 Educators, Retirement Planning, Socially Responsible Investing, Women Investors / By

The future of the financial system will be smaller, leaner, low-cost, and less complex (thank goodness!).  Currently, the vast majority of retirement plans (403b, 401k, 457b*) are big, fat, high-cost and way too complex. Retirement planning should be about as difficult to discover and learn as our first day on the job. For teachers it …

John Bogle Says…. Read More »

New Proposed 403b/457b Book for Educators

Leave a Comment / Beginning Investing, Consumer Finance, Fee Only Fiduciary Financial Advisors, Fiduciary Standard, Financial Education/Literacy, Laymen to Laymen Financial Information, Low Cost Investors, Personal Finance, PreK-12 Educators, Retirement Planning / By

Hi READERS, Notice to readers. These chapters are an early version of my new book without the 17 appendices, glossary, financial pod casts and other information in the 2nd half of the book. For the finished and completed published book, go to the home page and obtain the free pdf. DO NOT GO TO AMAZON! …

New Proposed 403b/457b Book for Educators Read More »

Scroll to Top