The Wall Street Jungle (1970) by Richard Ney I love books that expose Wall Street’s ways. My review is more historical in how Ney’s great book fits with another giant who also took on Wall Street’s gambling habits, Jack Bogle, founder of the Vanguard Group and the creator of the indexing strategy. Richard Ney was …
Retirement Planning Savings Plans All Day Investment Workshop Results LAUSD/UTLA 403b/457b Investing Workshop Saturday, November 15, 2014 Here were the workshops presented: Rick Rodgers Keynote and Lunch time talk Art Wexler 457b Presentation Teacher Crystal Mendez’s Story, how she saved $160,000 by age 33. Retired Teachers Steve Schullo/Dan Robertson (Financial Journey with 403b/457b plans). What …
Another great 403b/457b workshop is scheduled for Saturday, November 15 at United Teachers Los Angeles Headquarters. It’s another all day event with several presenters including Dan and I with light breakfast and FREE LUNCH! Dan and I will show and discuss what we did to plan for our retirement as teachers. We will also discuss …
Los Angeles Unified/Teachers Union Investment Planning Workshop November 15 Read More »
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 »
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 »
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 »
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 …
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 »
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 …
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! …