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  1. 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
  2. Agreed. Let's hope he's successful!
  3. https://403bwise.com/k12/story/382
  4. 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.
  5. Great resource for teaching Personal Finance

    Super helpful. Thanks for sharing.
  6. LAUSD financial literacy workshop report

    Thanks, Steve. You, Sandy and the other organizers should be very proud. What a great event!!
  7. The NY Times and Tara Siegel Bernard and Ron Lieber, in particular, are killing it with this 403(b) series.
  8. Good idea. Do you have any contacts?
  9. We've cloned Scottyd

    Cloning takes years off your life (in a good way!).
  10. Retire Early

    First of all, congratulations on how well you have planned for early retirement. Well done. Health care is always the biggest concern in this country when contemplating an early exit (sigh). I wouldn't be able to comment on the language of your employer's health care policy, but have you looked at the "Obamacare" exchanges in your area? This could provide a bridge to eligibility. Dan Otter
  11. We've cloned Scottyd

    New Wise : Speaking Directly (About Advice and Cloning)
  12. Finally (!) a directory of fiduciary advisors for the 403(b) and 457(b) audience. 403(b)wise launches the 403(b)wise Fiduciary Advisory Directory Public 403(b) plans are notorious for expensive 403(b) products pushed by non-fiduciary sales agents. “Teachers, professors, nurses, and those who work at educational institutions, and non-profits don’t know who to trust when it comes to financial advice,” said Dan Otter, a teacher, and founder of 403(b)wise.com, a website that provides news and information, and advocates for better 403(b) plans. “It’s long been my goal to provide a resource of fiduciary advisors who understand the 403(b) and 457(b) plans.” The directory launched March 1, 2018 with eight CFPs®. In addition to being a CFP®, each has agreed to sign The 403(b)wise Fiduciary Pledge. Individuals who have been authorized to use the CFP® certification have met rigorous professional standards and have agreed to adhere to the principles of integrity, objectivity, competence, fairness, confidentiality, professionalism and diligence when dealing with clients. The minimum designation for inclusion in the directory is a CFP®. Currently 403(b)wise is not accepting applications from Registered Representatives or those licensed to sell insurance. The directory will will only feature fee-only, fiduciary financial advisors. For more information on applying to The 403(b)wise Fiduciary Advisory Directory.
  13. How To Find The Right Financial Pro

    Finally (!) a directory of fiduciary advisors for the 403(b) and 457(b) audience. 403(b)wise launches the 403(b)wise Fiduciary Advisory Directory Public 403(b) plans are notorious for expensive 403(b) products pushed by non-fiduciary sales agents. “Teachers, professors, nurses, and those who work at educational institutions, and non-profits don’t know who to trust when it comes to financial advice,” said Dan Otter, a teacher, and founder of 403(b)wise.com, a website that provides news, information, and advocates for better 403(b) plans. “It’s long been my goal to provide a resource of fiduciary advisors who understand the 403(b) and 457(b) plans.” The directory launched March 1, 2018 with eight CFPs®. In addition to being a CFP®, each has agreed to sign the 403(b)wise Fiduciary Pledge. Individuals who have been authorized to use the CFP® certification have met rigorous professional standards and have agreed to adhere to the principles of integrity, objectivity, competence, fairness, confidentiality, professionalism and diligence when dealing with clients. The minimum designation for inclusion in the directory is a CFP®. Currently 403(b)wise is not accepting applications from Registered Representatives or those licensed to sell insurance. The directory will will only feature fee-only, fiduciary financial advisors. For more information on applying to the 403(b)wise Fiduciary Advisory Directory
  14. This Index Card Says It ALL

    Savers Celebrate As Stocks Go On Sale!
  15. 2017 Return, costs and asset allocation

    Steve, This is such great information. - Dan
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