Shows
Teach and Retire Rich403bwise to Get Wiser?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®).
2025-08-0154 minTeach and Retire RichEt tu, Vanguard?We discuss Vanguard's settlement with the SEC over issues with target date funds held in taxable accounts. Vanguard to Pay More than $100 Million Over Target Date Violations US Inflation Calculator 403bwise Vendor Grades LA Wildfire Relief Learned by Being Burned - Short pod series about how teachers got burned then got wise to the 403(b) Meridian Wealth Management 403bwise.org Nothing presented or discussed is to be construed as investment or tax advice. This can be secured from a vetted Certified Financial Planner (CFP®).
2025-01-2434 minTeach and Retire RichLooking Back, Looking ForwardBarbara O'Neill, CFP®, AFC®, and owner of Money Talk and a regular contributor to 403bwise looks back at key money issues in 2024 and ahead to 2025. 2024 Personal Finance Recap for 403(b) Participants Million Dollar 403(b) Mistake Morgan Housel books & podcasts Learned by Being Burned - Short pod series about how teachers got burned then got wise to the 403(b) Meridian Wealth Management 403bwise.org Nothing presented or discussed is to be construed as investment or tax advice. This can be secured from a vetted Certified Financial Planner (CFP®).
2025-01-0353 minTeach and Retire RichChicago Public Schools Single Vendor StoryKarla Kirkling, executive director of healthcare and benefits at Chicago Public Schools shares how she used data, facts, and common sense to create one of the best single-vendor K-12 403(b) in the country. It is plan that will save employees tens of thousands of dollars in fees over the lifetime of their careers. City of Chicago 403(b)/457(b) Plan 403bwise Grade of City of Chicago Plan Learned by Being Burned - Short pod series about how teachers got burned then got wise to the 403(b) Meridian Wealth Management 403bwise.org Nothing presented or discussed is to be con...
2024-11-151h 00
The Grow Your Wealthy Mindset PodcastEpisode 126: A Closer Look at the 403bI have often thought of the 403b as being the non-profit version of the 401K but through recent events, I’ve learned some differences that may affect those working at non-profits. This may be especially true if your spouse is a teacher or works for a school system. I found https://403bwise.org/ to be a helpful website. They rate different 403b providers at https://403bwise.org/advocacy/rating_systemThis podcast is also a story of how it can be frustrating to navigating getting your financial house in order but hopefully show you that any...
2024-10-2320 min
Take A Cue040 - Personal Finance Tips For TeachersJen and Erik dive into what finance information and tips they wish they would have known when they started out teaching. The duo discuss how they started out financially and then jump into budgeting, transportation, credit cards, building credit, salary guide movement, insurance, and retirement - WHEW!
Resources from Episode 40:
- Monarch Money (budgeting/tracking app) - https://www.monarchmoney.com/referral/ctgimkisf4
- The Money Guy Show - great advice with simple to follow guidelines for wealth building.
- Dave Ramsey - helps people get out of debt.
- Stacking Benjamins - a great podcast to learn more...
2024-10-081h 25Teach and Retire RichEducating Future Teachers About the Dangers of the K-12 403(b) (#340)Scott and Dan have a heart-to-heart about new 403bwise.org tools to help pre-service teachers get wise to the 403(b) and teacher retirement plans. On-Demand Learning Module for Pre-Service Teachers YouTube video for Pre-Service Teachers Blog Post: Inoculating Pre-Service Teachers From 403(b) Sales Sharks Equitable SEC Settlement Our Pod on the SEC/Equitable Settlement Learned by Being Burned - Short pod series about how teachers got burned then got wise to the 403(b) Meridian Wealth Management 403bwise.org
2024-09-2012 minTeach and Retire RichCurious About Becoming a Fiduciary Advisor?Teachers-turned fiduciary advisors Emily Maretsky and Andrew Katz-Moses, CFP® share their journey from the classroom to full-time planners in this live 403bwise Event. Emily Maretsky Teacher Financial Planner Katz-Moses Financial The Externship (deadline May 24, 2024) Learned by Being Burned - Short pod series about how teachers got burned then got wise to the 403(b) Meridian Wealth Management 403bwise.org Nothing presented or discussed is to be construed as investment or tax advice. This can be secured from a vetted Certified Financial Planner (CFP®).
2024-05-241h 10
NGPF PodcastDan Otter and Scott Dauenhauer, 403bwiseIn this NGPF Podcast episode, Dan Otter and Scott Dauenhauer of 403bwise discuss the challenges teachers face with 403B retirement plans, including high fees and poor investment options. The duo shares their advocacy journey to empower educators with better financial literacy and tools for improving retirement outcomes. They also explore state policies impacting financial education and offer practical advice for educators aiming to enhance their financial plans. Listen to this discussion to learn how educators can navigate and advocate for better retirement options.
2024-05-1738 minTeach and Retire RichNTSA 403(b) "Research" Easily DebunkedScott refutes National Tax-Deferred Savings Association research claim, among other things, that the multi-vendor environment leads to more enrollment than single vendor. Debunking the NTSA’s 2018 "Improving Retirement Savings for America's Public Educators" study NTSA "Study" 403bwise Zoom Event on May 21: Curious About Becoming a Fiduciary Advisor? Learned by Being Burned - Short pod series about how teachers got burned then got wise to the 403(b) Meridian Wealth Management 403bwise.org Nothing presented or discussed is to be construed as investment or tax advice. This can be secured from a vetted Certified Financial Planner (CFP®).
2024-05-1740 minTeach and Retire RichTeacher Turned-Fiduciary Advisor Reflects on TransitionWe check in with fiduciary advisor Andrew Katz-Moses CFP® five years after the big move to full time advisor. Katz-Moses Financial 403bwise Zoom Event: Curious About Becoming a Fiduciary Advisor? Learned by Being Burned - Short pod series about how teachers got burned then got wise to the 403(b) Meridian Wealth Management 403bwise.org Nothing presented or discussed is to be construed as investment or tax advice. This can be secured from a vetted Certified Financial Planner (CFP®).
2024-05-1036 minTeach and Retire RichNew Fiduciary Rule + So You Want to Be a Fiduciary Advisor?Does the new Fiduciary Rule have teeth? Does it apply to the 403(b)? We also discuss our May 21 event for those curious about becoming a fiduciary advisor. New DOL Fiduciary Rule Fact Sheet 403bwise Zoom Event: Curious About Becoming a Fiduciary Advisor? Learned by Being Burned - Short pod series about how teachers got burned then got wise to the 403(b) Meridian Wealth Management 403bwise.org Nothing presented or discussed is to be construed as investment or tax advice. This can be secured from a vetted Certified Financial Planner (CFP®).
2024-05-0330 minTeach and Retire RichIs 403bwise Anti-Union?We address anti-union charges leveled at 403bwise.org Shark Attack NEA Valubilder Expose Learned by Being Burned - Short pod series about how teachers got burned then got wise to the 403(b) Meridian Wealth Management 403bwise.org Nothing presented or discussed is to be construed as investment or tax advice. This can be secured from a vetted Certified Financial Planner (CFP®).
2024-04-1920 min
The Teacher Money Show39: 403b Challenges and Solutions with Dan Otter from 403bwise
Join Shaun Morgan as he sits down with Dan Otter, the founder of 403bwise.org, to discuss the challenges with the K-12 403b and how you can overcome them.
Explore the show notes at:
https://www.teachermoneyshow.com/show39
Become a guest on the show:
https://www.teachermoneyshow.com/guest
Leave a voicemail question:
https://www.speakpipe.com/teachermoneyshow
The Problem
403b plans for teachers often have high fees (1-2% is considered a high fee!), limited investment options (often only annuities), and predatory sales practices (like pretending they're endorsed by the school). A little education can help teachers overcome...
2024-04-1738 minTeach and Retire RichDan and Scott Speak to Teacher EducatorsDan and Scott talk discuss their keynote address to the Association of Teacher Educators. ATE 403bwise Enlists Teacher Educators in Fight to Fix K-12 403(b) Learned by Being Burned - Short pod series about how teachers got burned then got wise to the 403(b) Meridian Wealth Management 403bwise.org Nothing presented or discussed is to be construed as investment or tax advice. This can be secured from a vetted Certified Financial Planner (CFP®).
2024-04-0518 minTeach and Retire Rich10 Questions Posted on the 403bwise Facebook Group (#315)To celebrate hitting 15,000 Facebook Group members we ask and answer 10 recent questions posted in this vibrant community. Bad Vendors Who Have Good Plans How to Get Out of a Bad 403(b) How to Get Out of AXA/Equitable Working with a Financial Professional Learned by Being Burned - Short pod series about how teachers got burned then got wise to the 403(b) Meridian Wealth Management 403bwise.org Nothing presented or discussed is to be construed as investment or tax advice. This can be secured from a vetted Certified Financial Planner (CFP®).
2024-03-2934 minTeach and Retire RichIllinois Single Vendor 403(b) Legislation; Scott Banned (again); & MoreGrab bag of topics: Illinois single vendor 403(b) legislation (AB 2568); Scott banned (again); IPX transitioning to Aspire; LAUSD adds Vanguard and the 403bwise Facebook Group is very close to hitting a milestone. Learned by Being Burned - Short pod series about how teachers got burned then got wise to the 403(b) Meridian Wealth Management 403bwise.org Nothing presented or discussed is to be construed as investment or tax advice. This can be secured from a vetted Certified Financial Planner (CFP®).
2024-03-1535 minTeach and Retire RichShady Bid"ness"?Did a Southern California benefits consortium fail to act in the best interests of educators? Normally we drop our pods on Friday morning. But this is a time-sensitive episode because of a meeting that will occur Friday, January 12th at 11am PST. In our opinion a Southern California consortium has failed to act in the best interests of educators. We describe the issue in this episode in the hope that educators and others will weigh in by submitting written comments before the meeting and/or attend the meeting via Zoom, which we readily acknowledge is very difficult given teaching...
2024-01-1047 minTeach and Retire Rich2024 Changes Affecting 403(b) ParticipantsAnnual beginning of the year check-in with Barb O’Neill, CFP, AFC (Accredited Financial Counselor), and owner/CEO of Money Talk: Financial Planning Seminars and Publications, and a regular contributor to 403bwise. She shares what 403(b) participants need to know in 2024. 2024 Changes Affecting 403(b) Participants Secure Act 2.0 (pt 1) Secure Act 2.0 (pt 2) Secure Act 3.0 Pod Secure Act 3.0 Podcast Your Future Self: How to Make Tomorrow Better Today Learned by Being Burned - Short pod series about how teachers got burned then got wise to the 403(b) Meridian Wealth Management 403bwise.org Nothing presented or discussed is to be con...
2024-01-0540 minTeach and Retire Rich403bwise Milestone + Bad New Jersey District403bwise Facebook Group reaches a Taylor Swift-like milestone. New Jersey school district throws teachers under the bus. 403bwise Facebook Group New Jersey District Throws Teachers Under the Bus Meridian Wealth Management 403bwise.org Nothing presented or discussed is to be construed as investment or tax advice. This can be secured from a vetted Certified Financial Planner (CFP®).
2023-10-0632 minTeach and Retire Rich403bwise Wins Innovator AwardDan and 403bwise community honored by InvestmentNews. We tell the 403bwise origin story. How a Former Teacher is Educating the World About 403(b)s An Annuity for the Teacher — and the Broker (New York Times) 403bwise in 2000 Paying for College with Ron Lieber (podcast) Meridian Wealth Management 403bwise.org
2023-09-1539 minTeach and Retire Rich2023 Money MovesWe welcome back Barb O’Neill, CFP, AFC (Accredited Financial Counselor) and 403bwise columnist to discuss wise 403(b) and other money moves to make in 2023. 403(b) New Year's Resolutions Learned by Being Burned (short podcast series) Meridian Wealth Management 403bwise.org
2023-01-2758 minTeach and Retire RichB is for BrowardWe regrade 403(b) vendor list for Broward County Public Schools. But they sure didn't make it easy to get information. Broward 403bwise Grade Broward County Public Schools Learned by Being Burned Meridian Wealth Management 403bwise.org
2022-10-2135 min
Bogleheads® LiveDan Otter: 403(b) feesDan Otter discusses investing in K-12 403(b)s.Show Notes403bwise.org403bwise Advocacy Toolkit How to campaign for a better 401(k) plan403bwise Facebook groupBogleheads® Live with Sean Mullaney and Cody Garrett: Episode 11; #FIRE TaxesBogleheads® Live with Steven Fox: Episode 17Wise Advice"Fine" 403(b) CompaniesEquitable SEC Settlement (#229)'Learned by Being Burned' podcastJohn C. Bogle Center for Financial LiteracyBogleheads® ForumBogleheads® WikiBogleheads® RedditBogleheads® FacebookBogleheads® TwitterBogleheads® on Investing podcastBogleheads® YouTube Bogleheads® Local ChaptersBogleheads® Virtual Online ChaptersBogleheads® on Investing PodcastBogleheads® ConferencesBogleheads® BooksThe John C. Bogle Center for Financial Literacy is a 501(c)3 nonprofit organization. At Boglecenter.net...
2022-09-2636 minTeach and Retire RichAXA/Equitable Insider (pt. 2)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. Part 1 Equitable Bermuda Triangle Meridian Wealth Management 403bwise.org
2022-06-1745 min
Financially Independent TeachersEpisode 59- Part I:403bWise Founder (Dan Otter) Shares Info On Dangers Of The 403b IndustrySend us a text403bwise was launched in March 2000 by Dan Otter and John Moore, two educators fed up with the lack of objective 403(b) information available to participants. If information was provided at all to employees, it was usually through sales pitches in classrooms, lunchrooms and union offices. In fact, Dan first learned about the 403(b) when a representative waltzed into his classroom one afternoon pitching something called “TSAs.” He declined to enroll. It was only several years later that he learned this salesperson was selling high-fee variable annuity products.In the years since our laun...
2022-04-1045 min
Teaching MillionairesWORST RETIREMENT PLAN | 403b ExplainedHere's an interview about the worst retirement plan the 403b with Barb Besal. Enjoy! Join "Millionaire Movement” Discord Community - https://teachingmillionaires.com/discord Join waitlist for Rich's LLC Educational Program - https://teachingmillionaires.com/waitlist So here are the links I mentioned in this video: 👇 1) 403bwise website - https://403bwise.org 2) 403bwise Facebook Group - https://www.facebook.com/groups/349968819000560 3) "Learned by Being Burned" podcast - https://podcasts.apple.com/us/podcast/learned-by-being-burned-teachers-and-the-k-12-403-b/id1612391030 4) Book a Call with Rich - https...
2022-04-0622 min
The Long ViewDan Otter and Scott Dauenhauer: Why Retirement Savings Options for Educators Are So BadOur guests on the podcast today are Dan Otter and Scott Dauenhauer. Together they run the website 403bwise, which is geared toward providing education and advocacy on retirement planning for educators. Dan started 403bwise in 2000 with John Moore as a means of shedding light on the often opaque landscape of retirement plans for K-12 educators. Scott is a certified financial planner and principal and owner of Meridian Wealth Management. He got interested in the 403(b) space after researching retirement plan options available to his wife, who is a teacher. They've each written books about 403(b)s and retirement planning...
2022-03-2956 minTeach and Retire RichAward Winning Single Vendor 403(b) Plan (#199)Single vendor. Low costs. Employer match. Auto enrollment. Online enrollment. What is happening? Change is happening. We spotlight the Harris County, GA 403(b) plan. Award Winning Plan 403bwise Plan Grade 403(b) Plan Rating Project Meridian Wealth Management 403bwise.org
2022-01-1453 minTeach and Retire RichChicago Public Schools Goes Single Vendor (#193)We discuss Chicago Public Schools move to a single vendor 403(b). It has excellent pricing and investing options. The biggest surprise? AIG is the vendor. Video of 403bwise Zoom Event for Chicago Public Schools Plan Rating Project Podcast Meridian Wealth Management 403bwise.org
2021-12-0332 minTeach and Retire Rich403(b) Plan Rating Project (#186)403bwise launches school district 403(b) & 457(b) database and A-F rating system. Dan and Scott discuss initiative that they hope will bring sunshine and accountability. Search the Database A-F Rating System Explained Meridian Wealth Management 403bwise.org
2021-10-151h 15Teach and Retire RichIowa IPERS Experts (#179)Retired Colorado teacher Karl Fisch and former Iowa teacher and administrator, and current University of Northern Iowa instructor Matt Townsley discuss their new book for members of the Iowa Public Employees' Retirement System. Iowa IPERS Book TL;DR Series Interested in Collaborating with Karl? 403bwise Events Meridian Wealth Management 403bwise.org
2021-08-2748 minTeach and Retire RichIllinois TRS Experts (#175)Retired Colorado teacher Karl Fisch and former Illinois teacher and current Illinois College instructor Eric McClarey discuss their new book for members of the Teachers' Retirement System of Illinois. Illinois TRS Book TL;DR Series Interested in Collaborating with Karl? 403bwise Events Meridian Wealth Management 403bwise.org
2021-07-3027 minTeach and Retire RichGPO & WEP Impact (#171)The Government Pension Offset and Windfall Elimination Provision can reduce Social Security benefits (from live 403bwise Event recorded 6.7.21). Michael Kitces GPO article Michael Kitces WEP article Devin Carroll WEP Explainer WEP/GPO Facebook Group Social Security Solutions 403bwise Meridian Wealth Management
2021-07-021h 10Teach and Retire RichChild Tax Credit (#169)More than 40 million families are set to receive a new Child Tax Credit that some think will slash the poverty rate in half. We go over the details. IRS Child Tax Credit Information Rich Smith YouTube Child Tax Credit Explainer 403bwise On Demand Learning Meridian Wealth Management 403bwise.org The opinions expressed in this program are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security. Full disclosure
2021-06-1827 minTeach and Retire RichSECURE Act 2.0 (#168)Pending legislation would make saving for retirement easier. We review the highlights which include: auto enrollment, increased catch-ups, and assistance to student loan borrowers among other provisions. 403bwise On Demand Learning Meridian Wealth Management 403bwise.org The opinions expressed in this program are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security. Full disclosure
2021-06-1154 minTeach and Retire RichAspire Financial Services (#167)National Sales Director for Aspire Financial Services, Matt Drummond, talks K-12 403(b) and 457(b), the company's unique approach to the K-12 market, and shares some big California news. Aspire Financial Services Matt Drummond 403bwise On Demand Learning Meridian Wealth Management 403bwise.org The opinions expressed in this program are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security. Full disclosure
2021-06-0434 min
The 3rd Decade Podcast403bwise - Navigating Imperfect Retirement PlansJoin Scott Bennett & Dan Otter for today's episode on 403bwise; an organization that Dan founded to help K-12 educators navigate and make the best of a very flawed 403b system. In this episode, they discuss different resources available, things to look out for in your plan, and questions to ask your plan administrators - insights that can be applied to not just 403b's, but all employer sponsored plans.403bwise.org
2021-06-0224 minTeach and Retire RichVanguard Alums Form RIA (#166)Ty McGilberry and Tim Catanzano discuss their time at Vanguard and the financial planning firm they formed. Pegasus Financial Planning 403bwise On Demand Learning Meridian Wealth Management 403bwise.org The opinions expressed in this program are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security. Full disclosure
2021-05-2740 minTeach and Retire RichBill Bernstein (#165)Award winning author of A Splendid Exchange and the Four Pillars of Investing talks with Scott and Dan about this new book: The Delusions of Crowds: Why People Go Mad in Groups. The Delusions of Crowds: Why People Go Mad in Groups. If You Can 403bwise On Demand Learning Meridian Wealth Management 403bwise.org The opinions expressed in this program are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security. Full disclosure
2021-05-2151 minTeach and Retire RichMichelle Singletary (#164)Wide ranging interview with nationally syndicated columnist for The Washington Post, Michelle Singletary. We discuss her new book, What to Do with Your Money When Crisis Hits: A Survival Guide, her upbringing which shaped her financial outlook, her volunteer work, and the upside of adult kids living at home for a period of time. Michelle Singletary What to Do With Your Money When Crisis Hits 403bwise On Demand Learning Meridian Wealth Management 403bwise.org The opinions expressed in this program are for general informational purposes only and are not intended to provide specific advice or recommendations for a...
2021-05-1451 minTeach and Retire RichInvesting vs. Speculation (#163)Fiduciary advisors Breanna Reish, CFP® and Mychal Eagleson, CFP® of An Exceptional Life Financial discuss the difference between investing and speculation in this May 6, 2021 403bwise Event. An Exceptional Life Financial 403bwise Events Meridian Wealth Management 403bwise.org The opinions expressed in this program are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security. Full disclosure
2021-05-071h 22Teach and Retire RichHow to Get Out of a Bad 403(b) Plan (#162)Updated information on exiting a bad 403(b). Also, Dan shares two animal adventures. 0-8:46 Dan Shares Two Animal Stories 8:47-38:13 Financial Portion of Podcast CNBC: Invest in Teachers 5.5.21 from 4-5pm EST How to Get Out of a Bad 403(b) Plan 403bwise Events Meridian Wealth Management 403bwise.org
2021-04-3038 minTeach and Retire Rich4 Who Have Retired (#161) Two teachers, a custodian, and a personal finance writer share how they successfully retired in this April 15, 2021 403bwise Event. Money Letters 2 My Daughter Late Bloomer Wealth 403bwise Events Meridian Wealth Management 403bwise.org The opinions expressed in this program are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security. Full disclosure
2021-04-231h 22Teach and Retire RichPower of State Based 403(b) & 457(b) Plans (#159)Sandy Blair, Director of Retirement Readiness for CalSTRS, and Christina Elliott, Executive Director of Ohio’s state-based 457(b) plan discuss the power of state-based 403(b) and 457(b) plans for K-12 teachers in this April 6, 2021 403bwise Event. CalSTRS Pension 2 Ohio Deferred Compensation 403bcompare 403bwise Events Meridian Wealth Management 403bwise.org The opinions expressed in this program are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security. Full disclosure
2021-04-091h 15Teach and Retire RichColorado PERA Expert (#158)Retired Colorado teacher Karl Fisch talks about his easy-to-read guide to financial literacy and the Colorado teacher retirement pension PERA (Public Employees' Retirement Association). TL;DR: Financial Literacy for Employees of Colorado Public Schools: Optimizing Financial Decisions Based on your PERA and School District Benefits Book Resources Colorado PERA Interested in Collaborating with Karl? 403bwise Events Meridian Wealth Management 403bwise.org The opinions expressed in this program are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security. Full disclosure
2021-04-0151 minTeach and Retire RichHappy Travel Hacker (#157)Baltimore math teacher, entrepreneur and prolific travel hacker Justin Garritt talks travel hacking: how to do it, who it is for, and who it is not for. Garritt Financial Solutions Happy Saver TRR Pod #98 Happy Meter Podcast Choose FI Travel Hacking Travel Freely Rich Smith YouTube Channel The Secret History of the Credit Card 403bwise Events Meridian Wealth Management 403bwise.org
2021-03-261h 10Teach and Retire RichThe Wealthy Custodian Retires Part 2 (#156)Recently retired California custodian and super saver, Jeff York, age 55, shares how he is spending his time in retirement. The Wealthy Custodian Retires Pt. 1 (pod 155) The Wealthy Custodian (pod 74) Custodian Cleans Up His 403(b) (pod 53) 403bwise Events Meridian Wealth Management 403bwise.org
2021-03-1938 min
Earn More TutoringEP 6: How Dan Otter Built 403bwise.comDan Otter is a father, husband, teacher, author, and executive director of 403bwise.org, along with being a doctor. 403bwise.org is a website designed to educate and empower teachers and school employees about their retirement options. In 2012, Money Magazine named him a “Money Hero” for his "extraordinary efforts to improve others' financial well-being." Dan educated himself on investing and started to see the weakness of the 403b, so he wanted to educate other people on it and started to meet other advocates for it. Dan’s main message is for educators to look at their 403b and their vendor...
2021-03-151h 09Teach and Retire RichThe Wealthy Custodian Retires (#155)One of our favorite guests, Redding, California custodian and super saver, Jeff York, age 55, retires. He shares details on how he's funding his retirement. The Wealthy Custodian (pod 74) Custodian Cleans Up His 403(b) (pod 53) 403bwise Events Meridian Wealth Management 403bwise.org
2021-03-1252 minTeach and Retire RichWomen & Personal Finance (#154)Three educators — Danielle Greco, Jessica Logan and Tara Slyman — and a personal finance author, Jackie Cummings Koski, shared their perspective in this 2.25.21 403bwise Event. 403bwise Events Meridian Wealth Management 403bwise.org
2021-03-051h 33Teach and Retire RichToo Many 403(b) Vendors (#153)Dan and Scott talk 457(b) video news and California's huge 403(b) vendor lists. Blog: Too Many 403(b) Vendors Blog: California K-12 Teachers Have a Great 403(b) Choice. They Just Don't Know It. In Praise of 403bcompare.com The Paradox of Choice 403bwise Events Meridian Wealth Management 403bwise.org
2021-02-2543 minTeach and Retire RichEducating Pre-Service Teachers About the 403(b) (#152)Two professors and a Dean of a College of Education discuss how to educate pre-service teachers about the 403(b) and saving for retirement before the sales sharks get to them (403bwise Event recorded on 1.27.21). Eric McClarey Mark Schug Anthony Scheffler 403bwise Events Meridian Wealth Management 403bwise.org The opinions expressed in this program are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security. Full disclosure
2021-02-191h 17Teach and Retire RichAXA/Equitable Bermuda Triangle (#151)Bad AXA/Equitable things come in threes. Equitable Bermuda Triangle Mutating 403(b) Phish 403bwise Events Meridian Wealth Management 403bwise.org The opinions expressed in this program are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security. Full disclosure
2021-02-1259 minTeach and Retire RichTeachers Who Got Better Investment Choices (#147)Recording of our January 6, 2021 event with three teachers who successfully added better 403(b) and/or 457(b) investment choices. 403bwise Events Adam Pod Tara Pod Chris Pod 403bwise Advocacy Tools What is a 403(b)? (video) Meridian Wealth Management 403bwise.org The opinions expressed in this program are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security. Full disclosure
2021-01-141h 36Teach and Retire RichFire in the Belly (#146)New Jersey teachers says no to bad 403(b) choices and yes to educating colleagues about saving for retirement. 403bwise Events When Bad 403(b) Vendors Offer Good Investing Choices What is a 403(b)? (video) Meridian Wealth Management 403bwise.org The opinions expressed in this program are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security. Full disclosure
2021-01-0859 minTeach and Retire RichSaying No to No (#145)Undaunted by roadblocks, 30-year-old Speech Language Pathologist gets a better 403(b) vendor. 403bwise Events What is a 403(b)? (video) Meridian Wealth Management 403bwise.org Build Your Stax by NGPF.org The opinions expressed in this program are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security. Full disclosure
2020-12-311h 11Teach and Retire RichESG Investing (pt. 2) (#144)We continue conversation about ESG (Environmental, Social and Governance) investing with Joey Fishman, an Investment Advisor Representative at Ritholtz Wealth Management. Joey Fishman 403bwise Events What is a 403(b)? (video) Meridian Wealth Management 403bwise.org The opinions expressed in this program are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security. Full disclosure
2020-12-2437 minTeach and Retire RichESG Investing (pt. 1)We talk ESG (Environmental, Social and Governance) investing with Joey Fishman, an Investment Advisor Representative at Ritholtz Wealth Management. Joey Fishman 403bwise Events What is a 403(b)? (video) Meridian Wealth Management 403bwise.org The opinions expressed in this program are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security. Full disclosure
2020-12-1835 min
ChooseFI279 | Be Wise, Your Financial Future is at Stake | Dan Otter Teachers have been getting taken advantage of when it comes to their investment options. Thankfully, the internet and technology have made it easier to get the word out and help teachers wanting to do better. During his first year of teaching, Dan Otter was asked if he cared about his financial future. He politely listened to a hardball sales pitch about an investment scheme he didn't fully understand. Rather than blindly following other teachers at his school who had invested in it, Dan began to educate himself by learning about John Bogle, Vanguard, and low-cost investing. He learned the salesperson...
2020-12-1839 minTeach and Retire RichHelping Colleagues Get Wise (#142)Rochester, New York math teacher Craig Mills is helping colleagues get wise to saving for retirement. Also, Dan, a Bills fan, and Craig, a Dolphins fan, bond over their mutual dislike of the New England Patriots. Picture from Dan's 1995 Trip to a Miami Dolphin Game 403bwise Events What is a 403(b)? (video) Meridian Wealth Management 403bwise.org
2020-12-1146 minTeach and Retire RichMail Bag (pt. 2) (#141)Scott and Dan address more questions posed by the 403bwise Facebook Group. They also continue to hash out a half-baked plan to start a 403(b) themed brewery. 00:08 Social Security and teacher pensions 08:14 Solid Roth IRA and house paid Off. Should I start a 403(b) or taxable brokerage account? 14:04 What to do with a bad 403(b) vendor? 19:45 Which vendors should I lobby my district to add? 23:17 Dan’s beer name ideas 25:09 How to help co-workers without sounding boorish, condescending and sales-ish? 27:34 Scott comes up with name of 403(b) themed brewery 29:05 What to do with bonds in a rising interest rat...
2020-12-0448 minTeach and Retire RichMail Bag (pt. 1) (#140)Scott and Dan address questions posed by the 403bwise Facebook Group. They also hatch a half-baked plan to start a 403(b) themed brewery. 1:39 The math behind retiring early vs. waiting to maximize pension benefit 24:35 Health Savings Account (HSAs) 33:16 Does it make financial sense to switch school districts? 37:46 Retire early once pension benefit has been maximized? 43:46 What to do with 403(b) plans from former employers 403bwise Teaching and Advocacy Tools 403bwise Events What is a 403(b)? (video) Meridian Wealth Management 403bwise.org
2020-11-2751 minTeach and Retire RichModel Teaching (#139)Creative high school chemistry teacher talks effective teaching strategies, and teaching teachers about saving for retirement. Teacher Story with Barb 403bwise Teaching and Advocacy Tools 403bwise Events What is a 403(b)? (video) Meridian Wealth Management 403bwise.org
2020-11-2053 minTeach and Retire RichTeachers Can Be Financially Fit (#138)Mark Schug, President of Mark Schug Consulting Services and Professor Emeritus at the University of Wisconsin-Milwaukee, discusses teaching middle school, research work, and his new book designed to help teachers get financially fit. Mark Schug Mark and Dan on NGPF Podcast 403bwise Events What is a 403(b)? (video) Meridian Wealth Management 403bwise.org
2020-11-131h 04Teach and Retire RichTeaching Pre-Service Teachers About the 403(b) (#137)Teaching teachers about the 403(b) before they enter the classroom. Eric McClarey Financial Concepts Every New Teacher Should Know 457(b) > 403(b)? Find a Good Vendor 403bwise Events What is a 403(b)? (video) Meridian Wealth Management 403bwise.org
2020-11-0634 minTeach and Retire RichAdding a 457(b) Easy as 123 (#136)Super advocate Chris Nye shares how easy it was to add a 457(b) from Fidelity at his school district. Fight for Better 457(b) > 403(b)? Find a Good Vendor 403bwise Events What is a 403(b)? (video) Meridian Wealth Management 403bwise.org
2020-10-3037 minTeach and Retire RichRoth Conversion and Backdoor Roth Contribution (#135)Scott discusses how to convert a Traditional IRA to a Roth IRA and how to do a Backdoor Roth Contribution. Dan talks about dentistry. How to Convert to a Roth IRA Convert IRA Roth Calculator How to Do a Backdoor Roth Conversion Find a Good Vendor 403bwise Events What is a 403(b)? (video) Meridian Wealth Management 403bwise.org
2020-10-2257 minTeach and Retire RichThe Roth IRA (#134)We talk Roth IRA which for many teachers can be a better option than the 403(b). Modified Adjusted Gross Income (MAGI) Find a Good Vendor 403bwise Events What is a 403(b)? (video) Meridian Wealth Management 403bwise.org
2020-10-1641 minTeach and Retire RichDirecting Financial Literacy (#133)Aaron Standish is the Financial Literacy Coordinator (K-12) for the School District of Palm Beach County, Florida. It's a position every school district should have. He can be reached on Twitter at @SDPBC_FinLit Find a Good Vendor 403bwise Events What is a 403(b)? (video) Meridian Wealth Management 403bwise.org
2020-10-0953 minTeach and Retire RichFinLit Fanatic (#132)Innovative high school personal finance teacher and newest member of Next Gen Personal Finance, Brian Page, talks teaching personal finance, NGPF, and luggage choices. NGPF Find a Good Vendor 403bwise Events What is a 403(b)? (video) Meridian Wealth Management 403bwise.org
2020-10-0246 min
The Happy Meter#15: 403b’s: Learning to bWise with Daniel Otter, PhD#15: 403b’s: Learning to bWise with Daniel Otter, PhD
Justin and Kevin welcome Daniel Otter, founder of the financial literacy nonprofit 403bwise, to the Happy Meter Podcast! Daniel discusses the history of 403b investments and explains how to evaluate choices and avoid pitfalls.
Here is a link to https://403bwise.org/
Here is a link to Dan and Scott’s Teach and Retire Rich podcast: https://podcasts.apple.com/us/podcast/teach-retire-rich-talking-teacher-retirement-savings/id186294653
Here is a link to Dan’s book: https://teachandretirerich.com/
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The Happy Meter is brought t...
2020-09-2934 minTeach and Retire Rich403(b) Lemon Challenge (#131)In California, it's the worst of 403(b) times (too many vendor choices), and it's the best of 403(b) times (generally at least one good vendor). Unfortunately, not all districts in the state have at least one good vendor. We challenged the community to find the lemons. Challenge met! 403(b) Lemon Challenge 403bcompare.com Find a Good Vendor 403bwise Events What is a 403(b)? (video) Meridian Wealth Management 403bwise.org
2020-09-2529 minTeach and Retire RichMillennial Educator (#130)Twenty-something music teacher Keelan paid off $45,000 in student loan debt. He shares financial wisdom in his blog: Millennial Educator. Millennial Educator Find a Good Vendor 403bwise Events What is a 403(b)? (video) Meridian Wealth Management 403bwise.org
2020-09-1845 minTeach and Retire RichGot Vanguard? How About Aspire? You might. (#129)403bwise launches new vendor search tool that allows users to quickly see if they have Vanguard or Aspire available at work. Find a Good Vendor 403bwise Events What is a 403(b)? (video) Meridian Wealth Management 403bwise.org
2020-09-1126 minTeach and Retire RichSingle Vendor Focus (#128)Former teacher turned investment advisor representative helps school districts move to a single vendor 403(b) plan. Investors Asset Management Katie Oliver 403bwise Events What is a 403(b)? (video) Meridian Wealth Management 403bwise.org
2020-09-0443 minTeach and Retire RichGetting Out of a Bad 403(b) Annuity (#127)New Jersey teacher was sold multiple, terrible, misleading variable annuity products. Lucky for her, fiduciary planner Scott Dauenhauer did some digging... How to Get Out of a Bad 403(b) 403bwise Events What is a 403(b)? (video) Meridian Wealth Management 403bwise.org
2020-08-281h 06Teach and Retire RichPenny Pinching Pathologist (#126)New York speech pathologist gets wise to saving for retirement while helping others. 403bwise Events What is a 403(b)? (video) Meridian Wealth Management 403bwise.org Email: pennypinchingpathologist (at) gmail.com
2020-08-2133 minTeach and Retire RichWhat's That Phishy Smell in Your Inbox? (#125)Across the country teachers are being spammed by phony financial professionals. A savvy high school teacher almost took the bait. PERA Lead Generation Company File an FTC Complaint 403(b) Trojan Horses (Pod) Football Coach Scores with 403(b) (Pod) We Teach and Live Well Cookie Monger 403bwise Events What is a 403(b)? (video) Meridian Wealth Management 403bwise.org
2020-08-1429 minTeach and Retire RichAIG/Valic SEC Settlement (#124)We talk $40 million AIG/Valic settlement with the SEC. Link to Stories on Settlement Pod: You Down with SEC? 403bwise Events What is a 403(b)? (video) Meridian Wealth Management 403bwise.org
2020-08-0734 minTeach and Retire RichChoir Teacher + Author on F.I.R.E. (#123)Crystal, a 36-year old high school choir director and author, plans to retire soon. Crystal's Book: Retirement for Teachers: How to Come Up with a Plan That Works for You Seed Savers California Teachers Have Great 403(b) Choices. They Just Don't Know It. Pod: 403(b) Trojan Horses 403bwise Events What is a 403(b)? (video) Meridian Wealth Management 403bwise.org
2020-07-3153 minTeach and Retire RichOur Teachers Need an Oxygen Mask (#122)Speech pathologist discusses concerns about teaching in the fall in the midst of a global pandemic. In Defense of Our Teachers by Dave Grohl 403bwise Advocacy 403bwise Events What is a 403(b)? (video) Meridian Wealth Management 403bwise.org
2020-07-2438 minTeach and Retire RichTeacher + 403bwise Super Advocate Greg Ford (#121)Scott and Dan talk with northern California high school teacher Greg Ford who is a member of the first-ever 403bwise Super Advocacy cohort. Bonus material: Dan gets results of his Covid-19 screening on air. 403bwise Advocacy 403bwise Events What is a 403(b)? (video) Meridian Wealth Management 403bwise.org
2020-07-1744 minTeach and Retire RichOur Money Stories with Eugenie´ George (#120)Former Teach for America and charter school teacher Eugenie´ George talks about her new book which explores how personal history, ancestry and environments influences money habits. Our Money Stories: A Six Week No B.S. Holistic Financial Wellness Plan @_EugenieGeorge 403bwise Events What is a 403(b)? (video) Meridian Wealth Management 403bwise.org
2020-07-1146 minTeach and Retire Rich403(b)ill of Rights (#119)We re-introduce an updated 403(b)ill of Rights. Ten simple ideas that are hardly revolutionary. 403(b)ill of Rights 403bwise Events What is a 403(b)? (video) Meridian Wealth Management 403bwise.org
2020-07-0339 minTeach and Retire RichEstate Planning Simplified (#118)We talk with Nancy Hall, vice president of customer experience for EP Navigator Plus (Update: new firm name Estate Guru), an affordable, user-friendly estate planning service. Updated with new website: Estate Guru 403bwise Events What is a 403(b)? (video) Meridian Wealth Management 403bwise.org
2020-06-2645 minTeach and Retire RichCITs in the 403(b)? (#117)Collective Investment Trusts (CITs) are being touted as a way to lower investment costs in the K-12 403(b) plan. We talk CITs with Ben Taylor, senior vice president at the consulting firm Callan. Ben Taylor The Case for CITs in the 403(b) Bill Introduced to Allow Collective Investment Trusts in 403(b)s 403bwise Events What is a 403(b)? (video) Meridian Wealth Management 403bwise.org
2020-06-1947 minTeach and Retire RichThe Budget Teacher (#116)Veteran math teacher David Gourley is leaving the classroom to run The Budget Teacher, a service that helps teachers take control of their finances. The Budget Teacher 403bwise Events What is a 403(b)? (video) Meridian Wealth Management 403bwise.org
2020-06-1252 minTeach and Retire RichWEA Member Benefits (#115)Bob Phillips of WEA Member Benefits in Wisconsin talks about his unique organization and their excellent 403(b) plan for teachers. WEA Member Benefits Previous Podcast with WEA 403bwise Events What is a 403(b)? (video) Meridian Wealth Management 403bwise.org
2020-06-0540 minTeach and Retire RichAspire to Be in the 403(b) Vanguard (#114)Recording of our May 13, 2020 event with Aspire Financial Services and Vanguard about how to get better K-12 403(b) choices. We are also joined by teacher advocates Nancy Bachety, Adam Holy, and Chris Nye. Vanguard 403(b) Information Aspire Financial Services 403(b) Information 403bwise Events What is a 403(b)? (video) Meridian Wealth Management 403bwise.org
2020-05-3059 minTeach and Retire Rich403(b) Trojan Horses (#113)Sales agents utilize "Trojan Horse" tactics to hook teachers on high-cost 403(b) products. 403bwise Events What is a 403(b)? (video) Meridian Wealth Management 403bwise.org
2020-05-2239 minTeach and Retire RichPension Maximization (#112)Pension maximization. What is it? Does it make sense? We also discuss our recent event with Aspire Financial Services and Vanguard. 403bwise Events What is a 403(b)? video Meridian Wealth Management 403bwise.org
2020-05-1635 minTeach and Retire RichTeachers Are Getting Schooled (#111)We talk with Diana Britton, author of Teachers are Getting Schooled in Retirement, a piece she wrote for wealthmanagement.com. The story is so good we use it in our 403b education events to help get people up to speed on the problems with the K-12 403(b). Teachers Are Getting Schooled on Retirement A Studebaker Auto Plant and ERISA Transparency with Diana B 403bwise Events What is a 403(b)? video Meridian Wealth Management 403bwise.org
2020-05-0843 minTeach and Retire RichWorking with Clients During a Pandemic (#110)Scott shares what it's like to work with clients during a pandemic. Dan shares a few wise and unwise money moves he has made recently. 403bwise Events What is a 403(b)? video Meridian Wealth Management 403bwise.org
2020-05-011h 06Teach and Retire RichCARES Act Information for Teachers (#106)We discuss the recently passed CARES Act and how it impacts teachers. Rebates for individuals (3:45) Penalty-free distribution from 403(b)/457(b) etc. (27:43) 403(b)/457(b) etc. loan provisions (36:35) RMD changes (50:44) Charitable contributions (53:25) Jeffrey Levine An Exceptional Life Financial 403bwise CARES Act Information What is a 403(b)? video Meridian Wealth Management 403bwise.org
2020-04-031h 04Teach and Retire RichMarket Volatility Questions (#104)The 403bwise Facebook Group community had a lot of questions about market volatility. We try to provide answers. The New York Times Annuity Scam Article The New York Times: Your Money and the Coronavirus: You Asked, Experts Answered What is a 403(b)? video Meridian Wealth Management 403bwise.org
2020-03-201h 18Teach and Retire Rich403bwise Radio (#96)When the NTSA goes low. We write a song, and then enlist our creative friends. What is a 403(b)? video Meridian Wealth Management 403bwise.org
2020-01-2904 min