Late Bloomer Wealth

Late Bloomer Wealth

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

Women Investors

Unexpected Advantages from Financial Literacy

Leave a Comment / Financial Education/Literacy, Loss, Women Investors / By

Is managing your money well considered romantically hot in the dating world? Yes, it is, according to a recent survey and a subsequent article by Bloomberg. The article reveals that a high credit score shows financial responsibility stood out much higher than intelligence, job title, physical looks, trustworthiness, and owning a nice car. This blog post addresses those of us who are single no matter what age and how financial literacy can help you achieve romantic happiness whether you are looking for love at the beginning of adult life or in retirement. Financial literacy is a huge plus. Read how I reclaimed my romantic life after my loss two and half years ago and how financial knowledge helped big time.

Book Review: “The Wisdom of Finance”

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After reading Dr. Desai’s excellent book twice, I could still benefit from a book club discussion to comprehend the enormous challenges that “The Wisdom of Finance” takes on. Thus, I present an amateur review of a complex problem from a do-it-yourselfer (DIY) regular investor. But the implications of combining humanity and finances have never been greater. The world is changing, the financial industry and the humanities had better get prepared for this inevitable evolution.

Book Review: The Soul of Money

Leave a Comment / Consumer Finance, Donating to Charities, Financial Education/Literacy, Frugal Habits, Women Investors / By

If you want a more emotional, personal, and passionate point of view of money, read my review of The Soul of Money by Lynn Twist. It is surprisingly similar to John Bogle’s Enough book. I have come to realize the when it comes to thinking about money, people who do not have it, think about it all the time, and those who have saved, invested and managed their money, can think of supporting causes that make this planet a better place for all of us. I have discovered that I have become a better person by discovering and learning the investment process.

New York Times 403(b) Horrific K-12 Stories

Leave a Comment / LAUSD Employees, PreK-12 Educators, Women Investors / By

Welcome New York Times Readers to my Blog. My name is Steve Schullo, a retired Los Angeles Unified School teacher and an advocate for cheaper 403(b) plans for over 20 years. Please follow up on these fantastic (and rare) print media articles by a fantastic New York Times editorial staff, and their superb reporter Tara Siegel-Bernard.

She has been working on these articles since the beginning of the year. The educational professional and its institutions are reticent to talk about the 403(b). The rationale is easy. We educators hardly ever talk about the 403(b) publically or in any organized manner. Why? Nothing wrong with talking about how to best invest our retirement money that supplements our pension plan. After all, the 403(b) is 100% of our money.

Legal Marriage: A LGBTQ Investor game-changer!

Leave a Comment / Gay Investors, Lesbian Investors, Women Investors / By

How has last year’s marriage equality law passed by the Supreme Court affected the hundreds of benefits here-to-fore only afforded to straight married couples? I have compiled four published articles that address some of these benefits. I have one in depth response to one of the articles whose author is an LGBTQ adviser who also wants to be your “friend” of the community, only because he is gay. The primary competency you need to look for when hiring your LGBTQ adviser is to make sure he or she is a genuine fiduciary.

Karen Shares Her Financial Epiphanies

1 Comment / Beginning Investing, Do it yourself investors (DIY), Fee Only Fiduciary Financial Advisors, Laymen to Laymen Financial Information, Women Investors / By

An epiphany is defined by “a ​moment when you ​suddenly ​feel that you ​understand, or ​suddenly ​become ​conscious of, something that is very ​important to you.” Read this short story of my good friend’s financial epiphany and how all of her questions were answered by who she describes as an “independent financial adviser” she paid by the hour.

Investing Basics, Final Part 4

Leave a Comment / Baby Boomer Investors, Beginning Investing, Consumer Finance, Do it yourself investors (DIY), Financial Education/Literacy, Gay Investors, Investor, Late Bloomer, Late Starters, LAUSD Employees, Laymen to Laymen Financial Information, Lesbian Investors, Low Cost Investors, Personal Finance, PreK-12 Educators, Retirement Planning, Women Investors / By

Part 4: Putting It All Together In Part I we discussed what to ignore in the enormous and complex financial industry and what to focus on–stocks and bonds. The proverbial “needle” in the “needle in the haystack” is found easily. Knowledge of ignoring the financial world ‘s “haystack” is the trick to finding the needle. …

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Looking for a GREAT Employer-Sponsored Retirement Plan?

1 Comment / Fiduciary Standard, Financial Education/Literacy, LAUSD Employees, PreK-12 Educators, Retirement Planning, Women Investors / By

Image courtesy of debspoons at FreeDigitalPhotos.net   The educational leadership is beginning to look out for your best interests. In case you missed it, Click here for my earlier post about the Los Angeles Unified School District’s 457(b), 2nd largest school district receiving a “Plan Design” award. In this blog post, I am thrilled to …

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Female investors outperformed males for 2014!

Leave a Comment / Consumer Finance, Fiduciary Standard, Late Bloomer, LAUSD Employees, Lesbian Investors, Passive Investment Strategy, Personal Finance, PreK-12 Educators, Retirement Planning, Women Investors / By

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 …

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Los Angeles Unified/Teachers Union Investment Planning Workshop November 15

Leave a Comment / Beginning Investing, Consumer Finance, Fee Only Fiduciary Financial Advisors, Fiduciary Standard, Financial Education/Literacy, Late Bloomer, Late Starters, Personal Finance, PreK-12 Educators, Retirement Planning, Women Investors / By

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 …

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