We are happy to announce our new podcast: Teachers (b) Planning. While there are a gazillion podcasts out there, ours is a bit different. We deal specifically with the problems (too numerous to mention here) that are inherent in most K-12 public school 403(b) retirement plans. Simply put, most teachers’ investment options really suck. The…
The Most Expensive Tuition
Experience is a good school, but the tuition can be too high. Many investors often don’t get what they pay for. Teachers will frequently complain to us that their spouses have higher balances in their 401(k) than what is in their 403(b)s, in spite of the fact they started contributing similar amounts at roughly the…
Delightful Possibilities for Exploitation
What do many college athletes and brokerage clients have in common? They are both victims of financial exploitation. Degree-less athletes and fee-ravaged brokerage clients are the outputs of two broken systems. The majority of college jocks will never make it to the pros. According to Jason Gay of The Wall Street Journal, “A few…
It’s Monday Again…..When Is My Retirement?
Good Morning! Here are this week’s retirement links. Have a great day. Why You Might Want To Leave A 401(k) With A Former Employer – Wall Street Journal 10 Things Advisors Would Change About 401(k) Plans – InvestmentNews Attorney Opens Up About 403(b) Lawsuits – InvestmentNews Health Savings Account: The Hidden Retirement Option- Barron’s The…
Holding The Line
“When the snows fall, and the white winds blow, the lone wolf dies, but the pack survives.” – Ned Stark The pack survived Hurricane Harvey’s fury. Despite evil intent, the raging flood waters did not destroy Houston. They held the line. Heroic pictures of strangers helping each other will live long after the deluges have…
Facebook, Twitter, and Instagram Cannot Replace Labor Unions
Workers’ voices need to be heard now more than ever. No one likes to be abandoned or forgotten. Miserable workers turn into angry voters. In 2016, we all know how that turned out. In celebration of Labor Day 2107, we need to take a step back in time to understand why unions became such a…
It’s Monday Again…..When Is My Retirement?
Happy Labor Day!- Click on these links and help turn your life into a permanent holiday. IRS provides 401(k) Tax Relief Due To Hurricane Harvey – InvestmentNews You’re Fired! 401(k) Plan Sponsor Satisfaction With Advisors – 401KSpecialist Then and Now: The Big Shift at Work – Wall Street Journal Retiring Soon? Here are 4 Money…
The Dash (-) is What’s Important
Plan for the dash – not the number. While listening to a speaker at our sons’ new school, I heard something pretty interesting. They are entering ninth grade and will be the class of 2017-2021. The speaker mentioned the goal of similar schools is to “prep” their students for college. The endgame: high grades and…
It’s Monday Again…..When Is My Retirement?
Good Morning! Here are this week’s retirement links. Have a great day. How to (and not to) work effectively with teachers as 403(b) clients – InvestmentNews 401(k)s Put Spotlight On Wealth Gap – Financial Advisor 6 Ways To Help Your Parents And Still Save For Retirement – Forbes How Far Does $1 Million Go In…
Here Is What We Don’t Need
First figure out what you don’t want to do. According to a 1986 Harvard commencement address from Charlie Munger: You can see the results of not learning from others’ mistakes by simply looking about you. How little originality there is in the common disasters of mankind -drunk driving deaths, reckless driving maimings, incurable venereal diseases,…
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