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  1. Axa Equitable is looking to grow its retirement adviser arm and focus on growth opportunities in the 403(b) space as it reported outflows from its investment management and individual retirement arms. Announcing its Q2 results, the recently floated US operations of the French insurance giant blamed net outflows of $7.7billion.
  2. Thanks for the report, Steve! I wish I could have gone. I have followed this movement closely for the past few years.
  3. Hey All, It took some time, but the latest — and 7th edition — of Teach and Retire Rich is now available for purchase. We have a fancy new website (and cover) as well (thanks, Amanda!): Teach and Retire Rich 7th edition.
  4. Admin

    403b loan question.

    Hey Michael, Great to hear from you. Thanks for superb contribution. I hope all is well. - Dan
  5. This is great news! Well done!
  6. Admin

    Disability Protection

    Important article on need for disability insurance from one of the members of our 403(b)wise Fiduciary Directory: Disability Protection
  7. Admin

    Why Teachers are Walking Out?

    This is the single best story I have seen on this topic. As Steve, points out, it really helps explain, without even mentioned the plan, why the K-12 403(b) largely stinks. As MoeMoney mentions, there is much original thinking in this story. - Dan
  8. Admin

    403(b) Choices

    Sorry for being a little late to this discussion. Kevin, thank you for sharing this, and thank you for trying to make sense of the insane world that is the K-12 403(b). Thank you too to all of the 403(b) advocates helping you out. I don't believe this was shared but if you want to use an advisor ask them these questions: https://403bwise.com/pdf/403bwise_Advisor_Questionnaire.pdf and make them sign this pledge: https://403bwise.com/pdf/403bwise_Fiduciary_Pledge.pdf We have created a special directory of fiduciary advisors who pledge to answer these questions and to sign the Fiduciary Pledge. These advisors will work across state lines. I know that Amy and Anthony are in the New York area: https://403bwise.com/directory
  9. Admin

    403b Questions/Options

    403bwise Discussion Board http://board.403bwise.com/topic/6120-security-benefit’s-neadirect-invest-vanguard-admiral-funds/ http://board.403bwise.com/topic/6400-security-benefits-nea-directinvest-vs-lincoln-investments-partic/ http://board.403bwise.com/topic/6803-choosing-a-403b-plan/?page=2&tab=comments#comment-37383 Bogleheads https://www.bogleheads.org/forum/viewtopic.php?t=180418
  10. I thank Steve Schullo for sharing this article. Brief in University of Pennsylvania 403(b) Lawsuit Points Out Differences From 401(k)s An amici curiae brief filed by the American Council on Education and other higher education associations details the history of higher education 403(b) plans. My Take: It’s an interesting argument being made by the American Council on Education: original design of University retirement plans permitted/acknowledged movement of faculty + 403(b) plan just different than 401(k). On one hand, I fear defendants in any K-12/non-ERISA lawsuits could use a similar argument: plan is different; high fees are part of the culture, but other argument would not fly: plan designed for employee movement. I suspect most K-12 teachers stay in place or move among one state. - Dan
  11. Agreed. Let's hope he's successful!
  12. https://403bwise.com/k12/story/382
  13. Some Colleges Bail from TIAA, Objecting to Increase in Fund Fees Groups in Wisconsin, Virginia combine members’ retirement assets to gain scale after TIAA raised fees on small clients. BTW: Will need subscription to read entire article.
  14. Admin

    Great resource for teaching Personal Finance

    Super helpful. Thanks for sharing.
  15. Admin

    LAUSD financial literacy workshop report

    Thanks, Steve. You, Sandy and the other organizers should be very proud. What a great event!!