Teach and Retire Rich - The podcast for teachers, professors and financial professionals

Teacher Dan Otter, Ph.D. and Certified Financial Planner Scott Dauenhauer discuss teacher retirement savings issues over a couple of micro beers. Never too serious, Dan and Scott strive to make learning about pensions, the 403(b), the 457(b), and investing, fun and understandable.

Planner Mychal Eagleson (#64) 02/17/2019

Planner Mychal Eagleson (#64) We talk to Mychal Eagleson, CFP, ChSNC, AAMS, owner of An Exceptional Life Financial and a member of the 403(b)wise Fiduciary Advisor Directory. /episode/index/show/teachandretirerich/id/8673152

The 457(b) Plan (#63) 01/14/2019

The 457(b) Plan (#63) We talk 457(b) plan. What is it? How does it work? How is different than a 403(b)? Is it better than the 403(b)? /episode/index/show/teachandretirerich/id/8248856

GoldenMinus (#62) 11/12/2018

GoldenMinus (#62) We talk increased 403(b) contribution limits, our visit to the New York Times, Securities and Exchange Commission (SEC) involvement in the 403(b), and a not so golden 403(b) product. /episode/index/show/teachandretirerich/id/7528022

Fighting Conflict of Interest (#61) 09/04/2018

Fighting Conflict of Interest (#61) We speak with Daniel Alexander, CEO and Managing Director of Principal Review, a firm taking on the conflict of interest service and sales structures that exist within group sponsored retirement plans (ERISA and Non-ERISA including the 403(b) plan). Principal Review’s services include a Conflict of Interest Audit that identifies conflicted structures that serve to undermine the health of the plan and its participating employees. The firm then provides solutions to remedy the conflict. /episode/index/show/teachandretirerich/id/7004211

Stuck in AXA (#60) 07/29/2018

Stuck in AXA (#60) Adam, a 27-year-old counselor from New Haven, Connecticut, was sold an AXA 403(b) five years ago. After reading The New York Times series on the 403(b), including Think Your 403(b) Plan is Bad? Talk to a Teacher, he started doing homework about his plan. He soon realized he was trapped in a high-fee plan. He reached out to us to see what can be done. /episode/index/show/teachandretirerich/id/6861071

Fee-Only Planner (#59) 04/29/2018

Fee-Only Planner (#59) Delia Fernandez, MBA and CFP®, is founder and president of Fernandez Financial Advisory, LLC, an independent, fee-only financial planning and registered investment advisory firm in Los Alamitos, California, which she opened in 1994. She helps individuals and small business owners plan and invest for their future. She describes herself as the "Kind of advisor she would like to use." /episode/index/show/teachandretirerich/id/6534178

Teacher Turned Planner (#58) 03/27/2018

Teacher Turned Planner (#58) Our guest is Ryan Frailich, a fee-only planner from New Orleans and a former teacher, who was recently profiled in a March 16, 2018 New York Times story called Teachers and Annuities: A Questionable Match and Hard Products to Shed. /episode/index/show/teachandretirerich/id/6413663

A Fiduciary Directory (#57) 03/07/2018

A Fiduciary Directory (#57) We discuss the launch of The 403(b)wise Fiduciary Advisor Directory. /episode/index/show/teachandretirerich/id/6339387

The Market is Down (and so is Scott) (#56) 02/11/2018

The Market is Down (and so is Scott) (#56) Wait, the market goes down? Dan Otter, owner of 403bwise.com, and Scott Dauenhauer, CFP, talk fluctuation, flu and media market fever. /episode/index/show/teachandretirerich/id/6248624

Episode #55: A Crash is Coming (or Maybe Not) 01/07/2018

Episode #55: A Crash is Coming (or Maybe Not) Scott and Dan discuss increased 403(b) and 457(b) contributions, the raging bull market, and the Buffalo Bills finally making it back to the playoffs. /episode/index/show/teachandretirerich/id/6123949

Episode #54: TIAA Troubles 12/04/2017

Episode #54: TIAA Troubles On October 21, 2017 a pretty damaging New York Times article came out about a company — TIAA or TIAA CREF — that we have long admired. We discuss. /episode/index/show/teachandretirerich/id/6006291

Episode #53: Custodian Cleans Up His 403(b) 11/10/2017

Episode #53: Custodian Cleans Up His 403(b) Jeff bought three annuities in the late 90s because he wanted to diversify. Then he got wise. Jeff, a public school custodian, shares his remarkable story of extreme saving. /episode/index/show/teachandretirerich/id/5930900

Episode #52: 403bcompare.com 10/01/2017

Episode #52: 403bcompare.com Wouldn’t it be great to know how much the investments in your 403(b) cost? Wouldn’t it be great to know if there were surrender charges and how long they last? Such a resource exists and it’s called 403bcompare.com We talk 403bcompare with Mike Wilson one of the architects of the site’s redesign. /episode/index/show/teachandretirerich/id/5794917

Episode #51: Vanguard 403(b) Changes 09/03/2017

Episode #51: Vanguard 403(b) Changes In a bit of a surprise, Vanguard announced they will no longer be the record keeper of their small market 403(b) plans (less than $20 million). The firm also rolled out plan fee changes. /episode/index/show/teachandretirerich/id/5702788

Episode #50: The Monk Who Wants to Fix the 403(b) 08/07/2017

Episode #50: The Monk Who Wants to Fix the 403(b) We interview Doug Lynam, director of Educator Retirement Services for Long View Asset Management. Doug was featured in a June 9, 2017 NY Times piece by one of our favorite writers Ron Lieber. Story was titled The Monk Who Left the Monastery to Fix Broken Retirement Plans. /episode/index/show/teachandretirerich/id/5616249

Episode #49: Music Teacher Escapes AXA 06/18/2017

Episode #49: Music Teacher Escapes AXA An AXA 403(b) was not music to the ears of Elementary music teacher and his teacher wife. They have successfully moved to a lower cost option. 403(b)wise Meridian Wealth Management /episode/index/show/teachandretirerich/id/5459008

Episode #48: Consolidating Retirement Plans 05/01/2017

Episode #48: Consolidating Retirement Plans Scott helps Dan and his wife consolidate their many retirement savings plans from past and present employers. 403(b)wise Meridian Wealth Management /episode/index/show/teachandretirerich/id/5314181

Episode #47: A Couple Gets Out of Debt 04/09/2017

Episode #47: A Couple Gets Out of Debt Dan interviews a New Jersey teacher and his wife who are getting their financial lives in order. They discuss tackling debt, sharing money management duties, working multiple jobs, and, of course, being stuck with a bad 403(b). 403(b)wise Meridian Wealth Management /episode/index/show/teachandretirerich/id/5250380

Episode #46: Professor Financial Literacy 03/28/2017

Episode #46: Professor Financial Literacy David Martin, Vice President, Client Analytics and Research, Fidelity Investments, discusses the 2017 Higher Education Faculty Study. Key takeaways: Professors give themselves a "B" One third feel like beginning investors Three in ten unsure how retirement savings are invested Retirement Readiness Survey for Higher Education Professionals 403(b)wise Meridian Wealth Management /episode/index/show/teachandretirerich/id/5212167

Episode #45: Fighting to Save the Fiduciary Rule 03/13/2017

Episode #45: Fighting to Save the Fiduciary Rule Micah Hauptman is the financial services counsel at the Consumer Federation of America. Micah and his organization are fighting to save the Department of Labor’s Conflict of Interest Rule (a.k.a. the fiduciary standard) which is under assault by the Trump administration. Micah Hauptman Conflict of Interest Rule Fact Sheet Email comments to: EBSA.FiduciaryRuleExamination@dol.gov. Include RIN 1210-AB79 in the subject line of the message. To President-Elect Trump: What If Everything You’ve Been Told About the DOL Fiduciary Rule Is Wrong? The Committee For The Fiduciary Standard 403(b)wise Meridian Wealth Management /episode/index/show/teachandretirerich/id/5163668

Episode #44: New NY Times 403(b) Article 03/04/2017

Episode #44: New NY Times 403(b) Article We discuss the latest NY Times 403(b) article When Teachers Face the Task of Fixing Their Retirement Accounts. We also speak with Connecticut state representative Matthew Lesser (D) who is trying to improve 403(b) plans in the state. Matthew Lesser 403(b)wise Meridian Wealth Management /episode/index/show/teachandretirerich/id/5139585

Episode #43: Two Educators Get Wise 02/19/2017

Episode #43: Two Educators Get Wise Christina and Matt, two New York educators who live in Connecticut, discuss past investing mistakes, steps they are taking to save better, and they have questions about saving for college. Saving for College 403(b)wise Meridian Wealth Management Beer Misty Mountain IPA by Back East Brewery of Bloomfield, CT Hurricane Kitty by Keegan Ales of Kingston, NY Saturday Morning Cartoons Breakfast Cereal Milk Stout by Brew Rebellion of San Bernardino, CA Double White by Marble Brewery of Albuquerque, NM /episode/index/show/teachandretirerich/id/5098918

Episode #42: The Millionaire Educator's Big Life Move 01/28/2017

Episode #42: The Millionaire Educator's Big Life Move In episode 18, Ed Mills, a.k.a. "The Millionaire Educator" described how he and his teacher wife socked away more than $100,000 in 2015. In this episode, Ed describes how he and his family did what many dream of doing. Millionaire Educator Accessing money prior to age 59 1/2 Roth conversion 403(b)wise Meridian Wealth Management /episode/index/show/teachandretirerich/id/5033201

Episode #41: A 23-Year-Old Student Teacher Talks Savings 12/18/2016

Episode #41: A 23-Year-Old Student Teacher Talks Savings Dan interviews 23-year-old soon to be teacher Melissa of Albuquerque, NM. She is about to be married and she is about to enter the classroom full time. What should she know about saving for retirement? Think Your Retirement Plan Is Bad? Talk to a Teacher An Annuity for the Teacher — and the Broker: A look inside the high-pressure job of selling workplace annuities to public schoolteachers Even Math Teachers Are at a Loss to Understand Annuities Nonprofit Employees, Already Underpaid, Face Special Challenges in Retirement How to Fix a Retirement Plan at a School or Nonprofit 403(b)wise /episode/index/show/teachandretirerich/id/4923509

Episode #40: Mellody Hobson of Ariel Investments 11/27/2016

Episode #40: Mellody Hobson of Ariel Investments Mellody Hobson, president of Ariel Investments, and one of the most impressive women in finance, talks Cubs baseball, investments, the power of internships, and other really cool topics. Ariel Investments TED Talk: Color blind or color brave? Vanity Fair interview with Mellody Ariel Community Academy /episode/index/show/teachandretirerich/id/4863017

Episode #39: Live at FinCon16 11/13/2016

Episode #39: Live at FinCon16 Scott interviews retired teacher and reform advocate Steve Schullo about Los Angeles Unified School District's award winning 457(b) plan. They discuss what the 457(b) is, how it is different than a 403(b), how it is similar to the 403(b), and how Steve's work led to a strong plan for LAUSD employees. What is a 457(b)? LAUSD 457(b) Plan FinCon Steve Schullo /episode/index/show/teachandretirerich/id/4827009

Episode #38: The New York Times Drops the Hammer on the Public 403(b) 10/27/2016

Episode #38: The New York Times Drops the Hammer on the Public 403(b) Planner Tony Isola, CFP of Ritholtz Wealth Management, joins Scott and Dan to discuss the first two New York Times stories in a series on public 403(b) plans. They also take on the teacher bashing expressed in some of the comments to these stories. Think Your Retirement Plan Is Bad? Talk to a Teacher An Annuity for the Teacher — and the Broker: A look inside the high-pressure job of selling workplace annuities to public schoolteachers Claymation: What do a fox, a wolf, and sheep have to do with the 403(b)? A Teachable Moment “It is difficult to get a man to understand something, when his salary depends on his not understanding it.” — Upton Sinclair /episode/index/show/teachandretirerich/id/4781344

Episode #37: From PhD to Life 10/13/2016

Episode #37: From PhD to Life Our guest, Jennifer Polk, PhD, helps graduate students and PhDs achieve "career and life goals" often beyond academia. From PhD to Life 403(b)wise Meridian Wealth Management /episode/index/show/teachandretirerich/id/4741830

Episode 36: Dina and Tony Isola of Ritholtz Wealth Management 09/18/2016

Episode 36: Dina and Tony Isola of Ritholtz Wealth Management We interview planning couple Dina and teacher turned planner Tony Isola. Together they head up the 403(b) division at the powerhouse Ritholtz Wealth Management firm. Dina strives to provide clarity and common sense to demystify the “jargon” of the financial world, so that investors stop feeling intimidated or inadequate when considering their financial planning options. Tony is a former teacher who gets it. He saw first hand the abuses in the 403(b) world. While the profession lost a great classroom teacher, it gained a strong 403(b) advocate. Ritholtz Wealth Management Team A Teachable Moment Joe Strummer Subscribe to the Teach and Retire Rich podcast /episode/index/show/teachandretirerich/id/4676526

Episode 35: Ed Derman of CalSTRS 08/31/2016

Episode 35: Ed Derman of CalSTRS We interview one of the unsung heroes of the 403(b) world: Ed Derman, retiring Deputy Chief Executive Officer of the California State Teachers Retirement System (CalSTRS). Ed discusses the work he has done on behalf of teachers in the state of California. CalSTRS 403(b)compare /episode/index/show/teachandretirerich/id/4632353

Teach and Retire Rich - The podcast for teachers, professors and financial professionals

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