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 …
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 »
I agree with the American Association of Retired Persons’ (AARP) financial reporter Jean Chatzky. The following financial blogs are worth a look. The bold print is my 2-cents worth. Enjoy and happy holidays! Johnny Moneyseed. The author of this blog and his wife are 30-something early retirees. Don’t let that dissuade you. Their posts on topics …
New Book: Money: Master the Game: 7 Simple Steps to Financial Freedom I have never read or followed Tony Robbins. He was too glib, too much of a salesmen, caters to the already wealthy and famous and his walking hot coal story did it for me. I have not read this book. But from what …
Tony Robbins enters the Personal Finance Book Business 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 »
During the summer of 2014, the Los Angeles Unified School District won a Plan Design award for its low-cost, broadly diversified offerings of the 457(b) plan. This table shows the investment choices and the total costs (table updated January 2017). To discover and learn more about this plan, watch this 10-minute video interview. Sandy …
Los Angeles Unified School District 457(b) Plan Design Award! Read More »