Author Archive | David Waldrop, CFP®

5 Misconceptions Putting Your Finances At Risk

5 Misconceptions Putting Your Finances At Risk

The financial world can be complicated and there is always more to learn. Not only is there a staggering amount of information, but the laws and regulations change regularly.  Over the years, I’ve had thousands of conversations and email exchanges on various personal finance matters. I’ve included some of the misconceptions I’ve heard along the way. Beware of […]

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403b Plans And What Teachers Need To Know

403b Plans And What Teachers Need To Know

Retirement investing for teachers can be confusing. In addition to pensions, teachers can have access to 403b and 457 plans. There are also considerations related to Social Security. It’s no wonder many teachers are scratching their heads. 403b plans were first introduced roughly 50 years ago. They are sometimes called Tax Sheltered Annuities or TSAs. Long ago, annuities were the […]

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Retirement Home Purchase: 4 Questions Answered

Retirement Home Purchase: 4 Questions Answered

Retirement Home Purchase: 4 Questions Answered is a guest post from Dave Rowan, CFP® and founder of Rowan Financial, LLC. You’ve spent the last few years researching where you’d like to buy a retirement home.  You’ve vacationed at several different locations, spoken with friends and relatives and narrowed your search.  This coming winter could finally […]

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Diversification Alone Isn't Enough

Diversification Isn’t Enough

Diversification is an important principle that prudent investors and advisors adhere to. It is best explained by the expression “don’t keep all of your eggs in one basket.” If XYZ stock is the basket you put all your eggs into and it goes haywire, all your eggs are gone. And that isn’t good. Diversifying requires an investment […]

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CalSTRS Won't Be Enough

CalSTRS Won’t Be Enough For Retirement

CalSTRS won’t be enough for your retirement and I know that sounds harsh. While having a pension can bring a sense of comfort, teachers must resist this false sense of security. Relying on your teacher’s retirement pension alone might be harmful to your financial health. According to the California Teachers Association website CTAinvest.org “the median CalSTRS pension […]

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