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  1. I have a question about our contact negotiations. I haven’t been able to find an answer and I know there are many smart people on here that might be able to help out. We have been without a contract for a year now. Recently, we were close to settling when an issue with retro pay came up. The union was prepared to except terms of a new contract. The new contract included retroactive pay for the year we went without a contract. The board claims that we owe money toward the health care premium at the rate we would have paid if we were making the salary that the retro pay covers. The board claims we owe about $150,000 dollars toward health care premiums which they intend on deducting from our retroactive pay. Question: Is it common practice to deduct health care premiums from retroactive pay? As I understand it, the premiums were already paid for.
  2. I was torn on this whyme. In the past I’ve sent out similar emails and teachers have walked into the arms of mutual fund salesman pushing plans with huge wrap fees and slightly lower expense ratios. I’m considering this a start and if anyone contacts me I can go into more detail
  3. Here's a draft so far. Any suggestions would be helpful:
  4. Thank you you everyone! This is good stuff! I’m gonna start drafting a letter this week. I’d like to post a draft here before submitting it so you guys can look it over. Can’t thank you all enough for the feedback!
  5. I’ve been asking my union about getting information out about 403b’s in our district. Specifically, I wanted to let teachers in our district know about the two self-directed options: Security Benefit’s NEA DirectInvest and Lincoln’s Participant Directed Platform. I’ve learned so much in two years, visiting forums like this and bogleheads, and reading recommended books by authors like Clements, Makiel, Bogle etc. The union has agreed to allow me to draft a letter that they would make available to all staff members. I’m excited to write this but came here to ask a few questions and get some ideas. First, I think it would be best to keep it as short as possible. In my limited experience talking to friends about what I learned about these investments, the attention span of listeners is short and they tend to tune out when words like ‘expense ratio’ are used. Do you think it’s enough to just describe the self direct options and explain how to sign up for them? Or, do you think it’s necessary to get into why all other options are bad and expensive? My concern is holding the attention of anyone who actually starts reading the letter. Any suggestions would be helpful.
  6. I started getting serious about looking into my 403b after someone anonymously placed a copy of the NYT article in everyone’s mailbox. I doubt they cleared that with the office though. Since then, I’ve tried to send out information about the only self direct options available to staff members through email. The email was flagged by our district’s BA and she prevented it from going out. My only option now is to use our union website and post info there.
  7. Article on pension reform Act 5 found here may have some answers Krow: https://www.pennlive.com/opinion/2019/01/tax-proponents-biting-the-carbon-that-feeds-them-opinion.html
  8. Hi Debo, Does your district list Vanguard as an option to use for your 403b?
  9. Hi Matt, i would call and stay on top of them. You might have to call more than once. I think your main focus should be getting that account active and getting access to the online platform. I signed up using the Docusign online application and waited a long time before I had an established DirectInvest account. In contrast, I helped someone at work set up an account and they were good to go in just one week. Good luck. Let us know how it goes
  10. This sounds like total BS! Not sure why the TPA would say this.
  11. I’ve had accounts with both Lincoln’s PDP and Security Benefit’s DirectInvest. Security Benefit’s online platform is superior. Lincoln’s, at least when I used it two years ago, was very limited. Security Benefit waves the $35 annual fee for accounts over $50,000. Lincoln does not waive the fee. Lincolns fund selection is superior. They have a huge assortment of Vanguard Funds including Target Date Funds. If anyone would like a list of the fund selection I can supply a copy.
  12. If your district has Lincoln Investment, as a NJ teacher, you will have access to the PDP. If it is Lincoln Investment, call this number: 215-886-7695. They will send you the paperwork to start the account
  13. Not looking to debate interested in the data though
  14. I like this advice. There’s a year to date return number of -7.16% at the top of the page when I log into Security Benefit but, I don’t think that’s what you guys are talking about. I rebalanced a bunch of times and messed around with asset allocation and what I thought was tilting to Small Cap and REITS. In the end I learned that this just confused me and made me nervous about my investments. My goal is to keep it simple and rebalance a few times a year.
  15. I don’t know how to figure out my return for the year. Any suggestions? My portfolio balance is 80/20 Total Stock:VTSAX - 50 Total International VTIAX - 30 Total Bond VBILX - 20
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