Today’s guest, Rob Phelan, who we are jokingly dubbing Rob FI-elan, is the kind of teacher you wish you had or that your kids had. Not only does he teach them personal finance concepts, he teaches them how to start their own business. He is also part of the FI or Financial Independence movement which means he has several side hustles.
Teacher Chris Nye, who we are dubbing the "403(b) Guy" is remarkable. Not only has he gotten better vendor choices for his district, he has helped countless teachers via educational workshops and one-on-one meetings.
In this last pod of the year we answer some reader questions, give a preview of some 2020 403bwise initiatives and Dan reads a poem called: How the TPA Grinch Stole the 403(b).
00:34 Jibberish including discussion of Star Wars and German soldiers on crystal meth
04:35 403bwise Facebook Group killing it
07:09 Dan gets and misses a Facebook Inquiry from a TV Reporter
08:15 Dan Flynn has a word generator
09:46 Traditional IRA vs. Roth IRA (pre-tax vs. Roth)
18:11 Special Medicare Tax
20:44 403(b) and 457(b) 2020 contribution limits
26:20 403bwise 2020 initiatives
30:34 How the TPA Grinch Stole the 403(b)
In what we are jokingly calling an emergency pod, we discuss the just released article Teachers Pay High Fees for Retirement Funds. Unions Are Partly to Blame. by Anne Tergensen and Gretchen Morgenson of The Wall Street Journal. This is the union-focused 403(b) article we have been long hoping for.
Part two of our interview with Dr. Carolyn McClanahan, a medical doctor who became a certified financial planner. We touched on a cross section of healthcare and planning topics:
We talk to Dr. Carolyn McClanahan, a medical doctor who became a certified financial planner. She discusses the intersection of health and personal finance and her firm's unique approach to planning: focusing on the here and now.
In part two of a two-part series on working with planners, Dan interviews fiduciary advisors Scott Dauenhauer CFP® and Breanna Reish CFP® about how a planner can help a teacher approaching retirement. We also discuss planner compensation.
Dan interviews fiduciary planners Scott Dauenhauer CFP® and Breanna Reish CFP® about how a planner can help teachers. In part one we look at helping the new teacher, and helping the mid-career teacher.
Topics include: Dan's trip to Buffalo to talk 403(b) with Williamsville, NY teachers, 2020 403(b) contribution limits, and how Horace is not the 403(b) Mann.
We talk new 403(b) articles from The Wall Street Journal and The Dallas Morning News. We also discuss AXA gaslighting.
We talk Buffalo Springfield 2019 moment and Florida’s misnamed Model 403(b) Plan.
We talk about our newest blog post — An Even Fishier Smell in the Teacher's Lounge — growth of the 403bwise.org Facebook Group, the video of our appearance on the Motley Fool Answers podcast and our participation in an S.E.C. 403(b) event.
Scott and Dan talk with one of the smartest financial minds: Cullen Roche who runs the Orcam Financial Group. Scott and Cullen talk money, finance, and economics while Dan takes notes!
We talk to a New York teacher couple who have saved a substantial sum in their 403(b) and 457(b) plans.
Teach and Retire Rich (book)
Jackie Cummings Koski, author of Money Letters 2 My Daughter, a book of financial wisdom written for her then high school aged daughter. Jackie will soon retire from a corporate job to focus on her passion: spreading financial literacy. We talk about her book, how she achieved F.I.R.E. (Financially Independent Retire Early), and her future plans around teaching personal finance.
Scott goes deep on how to access a 403(b)...
Accessing a 403(b)
We talk to coach and longtime F04 (Friend of 403bwise) Chad Stoner who, along with his teacher-baker wife, Stacey, is building an impressive retirement portfolio.
Scott and Dan interview District of Columbia teacher turned 403(b) advocate turned advisor Andrew Katz-Moses who wrote an article that details how the financial service industry preys on new District of Columbia Public School employees. They also discuss Scott and Dan's upcoming trip to Washington, D.C.
Scott and Dan discuss strategies the insurance industry uses to hook teachers on their high fee products.
AXA "Advisors" had a seat at the table at the San Francisco Unified School District New Teacher Orientation.
We catch up with super saver Jeff York, a school custodian who we interviewed in episode 53, which has been our most listened to pod to date. Jeff shares what he has been up to, how he helps colleagues, and he gives us a glimpse of his future plans.
We talk to Jocelyn, a Bay Area California 4th grade teacher who suspected something wasn't quite right with her 403(b) plan.
Dan talks to Massachusetts high school teacher Adam Cole about transition from teaching math to teaching personal finance. They also discuss Adam's efforts to help his colleagues better understand the 403(b).
Dan and Scott share big changes at 403bwise. We discuss how it happened and what it means for the K-12 403(b) advocacy movement.
Dan picks up his conversation with Long Island, N.Y. teacher Nancy Bachety who drops some big news.
Dan talks teaching, teaching personal finance, and 403(b) advocacy with one of our favorites: Nancy Bachety.