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Admin
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  1. Thanks MoeMoney and Steve, I did go full Liverpool at back end but figured most would turn it off. Reds might argue there wasn't enough Liverpool! 🙂
  2. New pod up http://teachandretirerich.libsyn.com/utla-talk-65 We discuss recent UTLA retirement plan workshop. There's also maybe a little bit of #YNWA #LiverpoolFC talk
  3. Hi Karen, Thank you for the kind words. We are really happy that our resources have been helpful. Please spread the word to your colleagues! krow36 is giving you some good advice. It's great that you have Vanguard available. It also seems that a good chunk of your SB money is no longer subject to a surrender charge. I would contact Vanguard about initiating a transfer. Explain the surrender charge situation. They should be able to provide guidance. Since they are potentially receiving the money, they should be more motivated to help than SB! 🙂 Stay in touch and let us know how it goes. - Dan
  4. Great event. My presentation focused on the fact that despite having three solid vendors (CalSTRS Pension 2, TIAA-CREF and USAA), approximately 84% of LAUSD money goes to high fee vendors. Reaction was surprise, a bit of anger, but mostly: "I am going to be making changes." It was great to have Kevin Kirkpatrick of CalSTRS there to share info about 403bCompare, and Barbara Healy there to share information about LAUSD's terrific 457(b) plan. I also learned a lot about fraud issues from the SEC's Peter Kane. Thanks so much to all of the organizers! Special thanks to Leonard Goldberg and Sandy Keaton. - Dan
  5. I agree with krow26. Generally, your retirement takes precedence over children's college costs. The home equity line of credit may be a better way to go.
  6. Hi Megan, Welcome to the site and I apologize for my tardiness in getting you approved to post. Do you have a Roth IRA? If not, you could start with that at say Vanguard and then work to get better 403(b) choices. Here's a story comparing the 403(b) and the Roth IRA: https://403bwise.com/k12/content/23 Also, what state are you in? - Dan
  7. Scott and I had the privilege of attending (along with 403(b) warrior Nancy Bachety) and presenting at the Next Gen Personal Finance Changemaker Summit 2019 in San Fransisco this weekend. You can read about this amazing event here. So many highlights including Steve Schullo getting a shout out from the great Bill Bernstein. - Dan
  8. Hat's off to you as well, whyme. I am hoping this becomes a growing trend. I know NY Times digital subscriptions have been growing: https://www.nytimes.com/2018/08/08/business/media/new-york-times-earnings-subscriptions.html I still contend that of all of the 403(b) stories, no series meant more to the movement than Tara Siegel Bernard and Ron Lieber's work for the NY Times https://www.nytimes.com/2016/10/23/your-money/403-b-retirement-plans-fees-teachers.html
  9. Good to hear about LA Times subscription. Their new owner is pumping money into them. Several years ago I decided to subscribe to a wide variety of media. When you get the Sunday NY Times delivered like we do, you get access to online as well. - Dan
  10. An Unlikely Effect of Jack Bogle’s Creation: Helping to Keep Inflation Low by The New York Times Excerpts... In January alone, the Bureau of Labor Statistics found, overall portfolio management costs in the United States “plunged 5.2 percent,” Michael Feroli, the chief United States economist at J. P. Morgan, said in a note on Feb. 14. By December 2018, Vanguard accounted for 24.8 percent of all stock and bond mutual fund assets in the United States, according to Morningstar. And Vanguard and BlackRock together controlled more than 34 percent of those assets. The two companies continue to attract enormous sums of money around the world: $176 billion flowed into Vanguard last year; $167 billion went to BlackRock. Fidelity was a “distant third’ with $24 billion, Morningstar said. --- Note: I am a NY Times subscriber and we need great journalism more than ever. I hope you will support great journalism. - Dan Otter
  11. Thanks for posting Tricia C., and thanks to the community for their feedback.
  12. Great discussion. It was asked if this was a new article by Joel and it is. - Dan
  13. Tax Deferred Investing: The Unexpected Tax Trap Many assume taxes will be lower in retirement. This may not be the case when Required Minimum Distributions (RMD) kick in.
  14. Hey 403Learning, Glad site can be of use. We have a great discussion board community. Did you try checking his CFP credentials: https://www.cfp.net/utility/verify-an-individual-s-cfp-certification-and-background
  15. Hi and welcome to the board. You mentioned that this individual was a Certified Financial Planner. Can you confirm that was the case? Thanks. - Dan
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