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L.a. Unified Teachers-Mark Your Calendar! Saturday, October 7, 201


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#1 sschullo

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Posted 12 September 2017 - 01:45 PM

For Los Angeles Teachers

Investment Workshop

Open to novice and experienced investors

Investment Education

 

Investment Professionals will cover topics that include:

Retirement and Investment Basics

Mutual Funds, Annuities

Active vs. Passive Investments

 

LAUSD Sponsored Award Winning 457(b) Plan

Navigating CalSTRS' New and revamped 403bCompare.com

And so much more  . . .

 

Saturday, October 7, 2017

Sepulveda Middle School (Evans Hall) 

(Please be advised that this is the first time the workshop will be held at a school)

 

15330 Plummer Street

North Hills, CA 91343

 

8AM—1PM

 

(Check in begins at 7:30AM w/ coffee and light snacks)

 

Online Registration: www.utla.net/contact/investmentworkshop100717

 

$5.00 per person (exact change preferred) will be collected at the door

For more information, please contact Claudia Padilla

UTLA Conference Admin.  213-487-5560

 

Sponsored by UTLA’s Pre-Retirement Issues Committee

All are welcome and invited to attend our Committee meetings.  They are held from 4:30—5:30 on the same evening as the House of Representatives meeting


Steve Schullo

Author and Co-Author of two books:

1. Late Bloomer Millionaires: A Financial Story and Investment Guide for the Late Starter (2013)

2. Fighting Powerful Interests: Educators Challenge Tax-sheltered Annuities and WIN! (2015)


#2 sschullo

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Posted 12 September 2017 - 09:19 PM

Pushing this up. 


Steve Schullo

Author and Co-Author of two books:

1. Late Bloomer Millionaires: A Financial Story and Investment Guide for the Late Starter (2013)

2. Fighting Powerful Interests: Educators Challenge Tax-sheltered Annuities and WIN! (2015)


#3 sschullo

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Posted 15 September 2017 - 08:21 PM

LAUSD teachers! For the first time in LAUSD history, or for the history of public K12, 

4.5 hours of professional development credit will be awarded for attending this financial education workshop! 


Steve Schullo

Author and Co-Author of two books:

1. Late Bloomer Millionaires: A Financial Story and Investment Guide for the Late Starter (2013)

2. Fighting Powerful Interests: Educators Challenge Tax-sheltered Annuities and WIN! (2015)


#4 Imua808

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Posted 16 September 2017 - 01:37 AM

cool! Wish we had an option like this in Hawaii. 



#5 sschullo

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Posted 16 September 2017 - 08:43 AM

Hi Imua,

These workshops are initiated by a team of employees and us retired folks. More than 500 have gone to at least one in the last five years. Way back in the 90s, another educator, Sandy, and I, started an informal group and met at a restaurant, just to chat. People would leave their emails and I would grow that list and keep people informed. This is way before the powerful social media tools we have today. Our very first Saturday workshop at a high school just four blocks away from this current venue drew 55 teachers! YES, 55! on a beautiful Saturday morning. This is back in the dark ages of 2002. Dan Otter was there and the first time I met him. I was the primary presenter but we had a panel. To tell the truth, I was not that organized because we figure about 5-10 would show up. But people stayed and wanted more support. 

 

Our colleagues are begging for objective information, and are fed up with sales pitches. After all of these years, the word is slowly spreading that annuities are not a good plan, but it is still a MAJOR problem. 

 

Just start meeting and be there no matter who shows up. In those early days, we sometimes had only one colleague and that was fine because NOBODY was doing anything like this ANYWHERE IN THE COUNTRY WITH PUBLIC K12. I cannot overestimate that--even today, I don't know more than a handful of people who frequent here organize some type of meeting, website, or presentation covering the basics:

 

1. Stay the hell away from ANNUITIES of all types, except for TIAA. Tell them that because of costs and restrictions, they will never get stock or bond market returns from annuities, both fixed and variable. Our pension plans (also endowments and foundations) never use annuities because they have a fiduciary agreement to provide the best returns, and annuities fall way short of those basic fiduciary standards. 

2. Never pay commissions!

3. Showing your colleagues the low-cost investments that are available in your 403b or 457b plans: Vanguard, Fidelity, TIAA, and the low-cost third-party administrators.

4. Show them any state plans that are low cost. Here in California, we have the great CalSTRS's Pension 2. 

5. Show them the 457(b) plan if its an open architecture with genuine investment choices (NO ANNUITIES): index funds, no-load mutual funds.

 

In this workshop coming up, there will be one or two people who will come up to me and say that they met me 15-20 years ago at that restaurant, and thank me and Sandy for offering that opportunity to straighten themselves out. 

 

So Imua, announce that you are going to be at such and such restaurant and the subject will be the infamous 403b, and or the 457b. Most restuarants have meeting rooms that you can use for free but people have to order a meal.  

 

Thats it,

Good luck

Steve


Steve Schullo

Author and Co-Author of two books:

1. Late Bloomer Millionaires: A Financial Story and Investment Guide for the Late Starter (2013)

2. Fighting Powerful Interests: Educators Challenge Tax-sheltered Annuities and WIN! (2015)


#6 sschullo

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Posted 17 September 2017 - 08:42 AM

Pushing this up:

 

LAUSD teachers! For the first time in LAUSD history, or for the history of public K12, 

4.5 hours of professional development credit will be awarded for attending this financial education workshop! 

 

Saturday, October 7, 2017

Sepulveda Middle School (Evans Hall) 

(Please be advised that this is the first time the workshop will be held at a school)

 

15330 Plummer Street

North Hills, CA 91343

 

8AM—1PM

 

(Check-in begins at 7:30 AM w/ coffee and light snacks)

 

Online Registration: www.utla.net/contact/investmentworkshop100717


Steve Schullo

Author and Co-Author of two books:

1. Late Bloomer Millionaires: A Financial Story and Investment Guide for the Late Starter (2013)

2. Fighting Powerful Interests: Educators Challenge Tax-sheltered Annuities and WIN! (2015)


#7 sschullo

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Posted 20 September 2017 - 11:34 AM

Pushing up


Steve Schullo

Author and Co-Author of two books:

1. Late Bloomer Millionaires: A Financial Story and Investment Guide for the Late Starter (2013)

2. Fighting Powerful Interests: Educators Challenge Tax-sheltered Annuities and WIN! (2015)


#8 sschullo

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Posted 21 September 2017 - 07:31 AM

pushing up

 

LAUSD teachers! For the first time in LAUSD history, or for the history of public K12, 

4.5 hours of professional development credit will be awarded for attending this financial education workshop! 

 

Saturday, October 7, 2017

Sepulveda Middle School (Evans Hall) 

(Please be advised that this is the first time the workshop will be held at a school)

 

15330 Plummer Street

North Hills, CA 91343

 

8AM—1PM

 

(Check-in begins at 7:30 AM w/ coffee and light snacks)

 

Online Registration: www.utla.net/contact/investmentworkshop100717


Steve Schullo

Author and Co-Author of two books:

1. Late Bloomer Millionaires: A Financial Story and Investment Guide for the Late Starter (2013)

2. Fighting Powerful Interests: Educators Challenge Tax-sheltered Annuities and WIN! (2015)


#9 sschullo

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Posted 23 September 2017 - 05:28 AM

pushing up. Two weeks from today. Need to register here: Online Registration: www.utla.net/contact/investmentworkshop100717 


Steve Schullo

Author and Co-Author of two books:

1. Late Bloomer Millionaires: A Financial Story and Investment Guide for the Late Starter (2013)

2. Fighting Powerful Interests: Educators Challenge Tax-sheltered Annuities and WIN! (2015)