Was it all just a dream? New Jersey teachers are losing a fantastic 403(b) option: Lincoln Investment's Participant Directed Platform. Dan and Scott interview New Jersey teacher Chris Nye who shares what he has learned about the future of Lincoln PDP in New Jersey.
Tax Deferred Services, whose CEO was arrested in what the California Department of Insurance called a “$4 million securities fraud scheme,” blankets teacher email inboxes with deceptive message.
Illinois Principal Scott Liska teamed up with the business manager to dramatically improve Evergreen Park ESD 124's 403(b) and 457(b) plan.
Looking for a higher interest rate in your fixed investment(s)? Scott details some provisions that might help.
Interest rates are rising. What should you be doing?
Teacher Shaun Morgan discusses online teaching, and his upcoming free Teach Toward Retirement Summit.
We regrade 403(b) vendor list for Broward County Public Schools. But they sure didn't make it easy to get information.
What are they? How do they work? What role if any should they play in saving for retirement?
A union that does it right. New Jersey's bad 403(b) bill. Crazy markets.
Educators and state employees have access to multiple excellent, low-cost retirement savings vehicles (none of which is a 403(b) plan).
Districts are responding to our 403(b) Plan Rating Project. We recently heard from two school districts asking us to upgrade their D-rated plans because of improvements they had made.
New RMD rule changes proposed for the 403(b)/457(b); AIG works on its core; Aspire follows Vanguard model.
Our guest today is a fee-only, advice-only CPF® and fiduciary who specializes in providing hourly advice to do-it-yourself investors. He's a long-time advocate of simple, low-cost investing. He isn't all about work though. How can you be when you live in sunny San Diego? In 2019, he and his wife, Lien, dedicated one full year to travel.
North Carolina teachers Dave and Brandon help colleagues and students get wise to saving for retirement (updated with correct audio track).
Southern California high school math teacher gets a Fidelity 457(b) added to his vendor list.
One of our favorite guests, teacher/travel hacker Justin Garritt talks about his decision to leave the classroom to become a full-time fiduciary advisor. We also talk travel hacking and carrying a "whole ham" on a flight.
In the wake of the SEC's settlement with Equitable Financial we are getting a lot of inquiries about how to find the right kind of financial advice.
Fifty million more reasons to hate Equitable Financial after the Securities and Exchange Commission fined the firm $50 million for "materially misleading statements and omissions concerning investor fees."
We discuss settlement and ask the question: Why would any school district continue to let this firm sell financial products to its employees?
Student loan expert (and former teacher) David Gourley discussed a time-sensitive student loan provision that could save borrowers thousands of dollars.
Prior to event he asked for volunteers to share their loan data sets. He analyzed three submissions. During the event he announced that these three educators would save $14,000, $23,000, and $50,000 respectively.
David also answered lots of student loan questions.
Educators in several states have access to a 401(k). We discuss the similarities and differences between the 403(b) and 401(k), and we ask the question: Should all educators have access to a 401(k)?
In language eerily similar to Pennsylvania's Act 5, which prevents school districts from going single vendor, proposed New Jersey legislation would require large school districts to have at least three 403(b) vendors.
We speak with “Izzy” Tannenbaum, partner at Withum, a tax advisory and public accounting firm. Izzy supports the intent of the bill but acknowledges it contains flaws.
Sponsors of Bill A1974
Recently retired 49-year old LAUSD veteran talks teaching, saving for an early retirement, and what's next.
Security Benefit releases dubious "study" that to the surprise of no one supports its sales-agent based approach.
Vendors like AXA/Equitable and National Life Group sell high-cost products to educators but make excellent low-cost retirement plans available to their employees. We look at these firm's 401(k) plans.
Part 2 of interview with former AXA/Equitable vice president for business development. Topics covered include: firm's feelings toward 403bwise.org; company name change; importance of ASBO; key markets; where firm will be in 10 years.