NGPF Podcast: Dina Isola and Scott Dauenhauer share insights on managing your 403(b) and 457 plans
Dina of Ritholtz Wealth Management) and Scott of Meridian Wealth have a shared goal: for every teacher to have access to high quality vendors for their 403(b) and 457 retirement plans. At a recent NGPF Speaker Series event, they shared insights gained from working with scores of teachers and analyzing thousands of plan documents. Listen to this podcast and walk away with practical knowledge you need to analyze your own plan as well as tips on how to advocate for better plans. Enjoy!
- 0:00~0:45 Introduction
- 0:45~4:31 Dina speaks about her work at Ritholtz Wealth Management
- 4:31~9:30 Scott speaks about his work at Meridian Wealth Management and 403bwise
- 9:30~15:46 The impact of COVID on the economy
- 15:46~22:35 403(b)s and 457(b)s
- 22:35~30:27 What makes a good plan for teachers?
- 30:27~33:13 Why index funds are considered to be a good choice?
- 33:13~41:32 What questions should you ask your financial advisor?
- 41:32~49:46 Teachers advocating and teaching about 403(b)s and 457(b)s
- 49:46~50:40 Conclusion
- Ritholtz Wealth Management
- Ritholtz Blog
- Meridian Wealth
- 403bwise Facebook Group
- Teacher Money Matters Facebook Group
“The person who shows up to your lunchroom with sandwiches, pizza, or breakfast items is not there to feed you. They are there in order to feed themselves. Those sandwiches are a loss leader to get you into products that aren’t good for you. Even if they are a high-quality sandwich, I’m going to call them junk food because they eventually lead to product sales that are not in your best interest.” -Scott
“I had testified before congress about inequities and investor protections that I thought were lacking. And I came back from DC so angry and disgusted by what I saw and what was being defended that was indefensible in my opinion. To me, the only solution was education. We were going to a local school to teach financial literacy and frankly, that’s the only thing that lifted my spirits because I was so steamed about what had gone on and we really have to educate people.” -Dina