Teach and Retire Rich

Long-time educator, basketball coach, and personal finance instructor, Julius Prezelski, discusses teaching, coaching and his recent retirement.

• Long Time Basketball Coach Fin Lit Educator Retires
• Learned by Being Burned (short pod series about K-12 403(b) issues)
• 403bwise.org
• Meridian Wealth Management

Nothing presented or discussed is to be construed as investment or tax advice. This can be secured from a vetted Certi...

Dan and Scott drop hint about new project they are working on. They also talk about their recent vacations, and the importance of choosing the right teaching location.  

• Learned by Being Burned (short pod series about K-12 403(b) issues)
• 403bwise.org
• Meridian Wealth Management

Nothing presented or discussed is to be construed as investment or tax advice. This can be secured from a vetted Certified Financial Planner (CFP®...

More than 20 years ago legislation (AB2506) was proposed to allow California school districts who wanted to reform their 403(b) plan to be able to reform their 403(b) plan. The industry hated the proposal. It threatened their multi-vendor, high-cost, agent-driven model. We speak with former TIAA-CREF Regional Manager, Dick Shafer, whose company spearheaded the effort to fix the broken California K-12 403(b) plan.  

• California ...

Equitable fires agent who threatened teacher. Delaware has an excellent low-cost, state-run 403(b) plan. We discuss. 

• Equitable Agent Threatens Teacher (blog)
• Equitable Agent Threatens Educator (pod)
• Truth About SIOs (pod)
• 403bwise Facebook Group
• 403(b) & 457(b) Basics: How to start a 403(b) (pod)
• 403(b) & 457(b) Basics: Asset Allocation (pod)

Nothing presented or discussed is to be construed as investment or tax advi...

In episode three of our new pod series: 403(b) & 457(b) Basics, Scott and Dan explain how to get exit a bad 403(b). It's often difficult but very possible. 

• Stuck in a Bad 403(b)?
• How to Get Out of Equitable/AXA
• Bad 403(b) Vendors w/Good Choices
• 403bwise Facebook Group
• 403(b) & 457(b) Basics: How to start a 403(b) (pod)
• 403(b) & 457(b) Basics: Asset Allocation (pod)

Nothing presented or discussed is to be construed as ...

We check in with Jeff York on how retirement’s going and discuss his attempts to hire an estate fiduciary who would act as the trustee of his estate.  

• The Wealthy Custodian (pod)
• The Wealthy Custodian in Retirement (pod)
• Questions to Ask a Professional Fiduciary 
• Learned by Being Burned (short pod series about K-12 403(b) issues)
• 403bwise.org
• Meridian Wealth Management

Nothing presented or discussed is to be construed ...

No doubt that summer is a great time to relax. It can also be a good time to make sure your financial house is in order. Dan & Scott discuss wise money moves, and Dan talks about taking out his first ever car lease. 

• State of Student Loans? Chaos (pod)
• The Importance of Asset Allocation 
• Tripit
• Learned by Being Burned (short pod series about K-12 403(b) issues)
• 403bwise.org
• Meridian Wealth Management

Nothing presented ...

Plan consultant Barbara Healy, CFP® and her colleague Jackie Fabitore-Matheny, had the solution to what woes the K-12 403(b) more than 25 years ago. Imagine if districts had listened? We talk with Barbara about what could have been (and what might still be). 

• Barbara Healy
• EGTRRA
• Industry Lobbyist Brian Graff Describes How Many Vendors His Retirement Plan Has (1:03 mark)
• Learned by Being Burned (short pod series about K-12 403...

Student loan expert and financial planner David Gourley updates Dan and Scott on the volatile state of student loans (particularly PSLF loans) right now. 

• K-12 Planning
• Public Service Loan Forgiveness
• Learned by Being Burned (short pod series about K-12 403(b) issues)
• 403bwise.org
• Meridian Wealth Management

Nothing presented or discussed is to be construed as investment or tax advice. This can be secured from a vetted C...

Tennessee passes an anti-pubic employee law that will subject teachers and others to private company financial sales pitches. We break it down into three parts: 1) What it is 2) What we dislike about it 3) What teachers and state employees should do.

• Tennessee Throws Teachers to the Wolves (Blog Post)
• Tennessee Legislators Illegally Voting with Sticks (John Oliver)
• Learned by Being Burned (short pod series about K-12 403(b) ...

The Los Angeles Unified School District created its own 457(b) plan, and it’s excellent. It has won not one, but two awards. We speak with two members of the LAUSD Retirement Investment Advisory Committee who were and are instrumental to its success.

• LAUSD 457(b) Deferred Compensation Plan Fund Lineup
• Learned by Being Burned (short pod series about K-12 403(b) issues)
• 403bwise.org
• Meridian Wealth Management

Nothing pr...

Who better to make sense of the tariff situation than one of our favorite guests, Cullen Roche, economist, and founder and chief investment officer of the Discipline Funds, a low-fee advisory firm. 

• An Autopsy of American Exceptionalism
• Three Things - China Deal
• Learned by Being Burned (short pod series about K-12 403(b) issues)
• 403bwise.org
• Meridian Wealth Management

Nothing presented or discussed is to be construed ...

Scott finds out just how much commission Equitable salespeople get for selling EQUI-VEST products. No wonder they fight reform so hard. No wonder they love to initiate exchanges. 

• The Price of Enrollment
• Podcast on SIOs
• Plan Fee Disclosure Form for University of Jamestown
• Equitable Plan Fee Disclosure Brochure
• Learned by Being Burned (short pod series about K-12 403(b) issues)
• 403bwise.org
• Meridian Wealth Manage...

Who better than best-selling author Morgan Housel to help put April's market volatility in perspective? Well we couldn't get Morgan on the pod but we have the next best thing: Morgan Houselisms! Enjoy. 

• 9 Charts on Trump’s First 100 Days in the Markets
• Learned by Being Burned (short pod series about K-12 403(b) issues)
• 403bwise.org
• Meridian Wealth Management

Nothing presented or discussed is to be construed...

Retired Los Angeles Unified School District teacher, principal and district administrator, Mary Ann Sullivan, is now officially a CFP®! Not only that, she is opening an advice-only, fee-only firm. 

Note: Mary Ann meant to say that the number of experience hours needed for a CFP® is 4,000 for apprenticeship and 6,000 for standard pathway (not the 2,000 and 4,000 hours respectively that she mentioned in inte...

In episode two of our new pod series: 403(b) & 457(b) Basics Scott and Dan look at asset allocation. They describe what it is, why it's important and they go over several strategies for allocating a 403(b) and a 457(b). 

• Importance of Asset Allocation by Barb O'Neill
• The Price of Peace: Why diversification is difficult, but necessary by Nick Maggiulli
• Risk Tolerance Assessment
• Cullen Roche Discipline Funds
• 403(b) & 457(b) B...

Barbara O’Neill, PhD, CFP, AFC, owner/CEO of Money Talk: Financial Planning Seminars and Publications, and a monthly columnist for 403bwise talks spring cleaning your personal finances. 

Spring cleaning is more than deep cleaning and decluttering. It is a great time to neaten up your finances. 

• Spring Cleaning Your 403(b) and Personal Finances
• The Truth About So-Called "No Fee" Products
• Meridian Wealth Management
• 403bwise.org
...

Nicole and Larry Dubill, two Buffalo, NY area educators, share passion for education, music, and 403(b) advocacy. 

• Cleveland Hill School District 403(b/457(b) Vendor List
• Hamburg Central School District 403(b)/457(b) Vendor List
• The Truth About So-Called "No Fee" Products
• Meridian Wealth Management
• 403bwise.org

Nothing presented or discussed is to be construed as investment or tax advice. This can be secured from a vet...