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  1. Folks Tony Isola deserves an award for journalistic excellence for that title. I'm still laughing but also realize it's no joke. Actually its quite sad.
  2. tony


    I think Ed gave you plenty of information that is highly accurate and correct I think you should take a very close look at Vanguard Life Strategy Funds. They come in different allocations and are self managed so you can let them sit and you won't have to worry about rebalancing or diversification. I'm in one of them myself. They will cost you slightly more since they require extra work on the part of Vanguard to keep things balanced but they pretty much have the same index funds you would own if you set up a 3-4 fund index fund portfolio. Ed is a do it your-self kind of guy but he has good knowledge and is comfortable with what he is doing. If you feel the least bit timid about handling details by your self than its hard to beat the Life Strategy funds at Vanguard. https://investor.vanguard.com/mutual-funds/lifestrategy/#/ Tony
  3. yeah I'm on the fence about joining facebook actually.
  4. gotta love this article's title https://tonyisola.com/2019/08/two-steaming-piles-of-403b-s/
  5. that's a funny analogy MN Gopher!!
  6. "Forget about getting everything right. Most people are so consistently wrong that merely avoiding major errors is enough to set you apart from the pack.That is the message in the latest data from Dalbar, a Massachusetts research firm that has been studying the behavior of mutual fund investors for 25 years". I found it interesting that he stated annuities because of surrender charges helps an investor stay put and may help him/her do better long term...interesting, I never thought of surrender charges being an advantage. https://www.nytimes.com/2019/07/26/your-money/stock-bond-investing.html?rref=collection%2Ftimestopic%2FMutual Funds&action=click&contentCollection=timestopics&region=&module=stream_unit&version=latest&contentPlacement=1&pgtype=collection
  7. https://www.nytimes.com/2019/08/02/business/social-security-questions.html?nl=todaysheadlines&emc=edit_th_190804?campaign_id=2&instance_id=11318&segment_id=15860&user_id=1d567eabb2db6b59e2801a5177069678&regi_id=200074250804
  8. Opinion on Vanguard . I agree with his positives and his few negatives. I wished he had mentioned the 403b move to Newport. https://humbledollar.com/2019/08/whither-vanguard/
  9. Some good info . https://assetbuilder.com/knowledge-center/articles/how-investors-can-win-with-target-retirement-funds
  10. tony

    My vendor list

    I want to emphasize with Aspire you can tap into pretty much any fund you want and won't need a salesperson, so your over all costs will be cheaper. I think Aspire is a doable option and is far from the maddening crowd of annuity products. How do you self-direct? just write it on the application or call them.
  11. Great user name!!! I second that. very appropriate actually
  12. Another article along these lines https://www.marketwatch.com/story/this-flight-attendant-has-enough-money-saved-to-retire-at-44-but-she-wants-to-keep-working-2019-07-10?siteid=yhoof2&yptr=yahoo
  13. It is hard to imagine but trust me people do it all the time and many don't have a reserve . If you are smart with your money it can be done. I've known a few people from my past who would/could support a family of on that income. My dad was one of them. Even paid for colleges.
  14. I would really push this for the average employee. They are usually too lazy to learn about retirement issues and that's why annuity salesman get their way so often with them. So, maybe, if you start them off automatically in a decent plan then MAYBE they will be too lazy to change it over to something worse. Also this move is kind of an endorsement by the district that its O.K to invest there. This may or may not make a difference. Much depends on the employee's financial acumen. I would instead hold multiple in-services on financial literacy and investing for retirement . Certainly these would have to be done without the help of the insurance industry. . There is power in numbers so the more employees you can get to make some noise the better the chances of instituting real change. This will require that the employees having some real financial understanding.
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