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BRYAN ZACHERY MATHENY
3204 Round Hill Road
Greensboro, NC 27408-3102
http://www.city-data.com/guilford-county-nc/R/Round-Hill-Road-5.html#ixzz3XFJYN2Xw
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STEVEN B LESTER
3303 Round Hill Road
Greensboro, NC 27408-3103
http://www.city-data.com/guilford-county-nc/R/Round-Hill-Road-6.html#ixzz3XFIjPBBB
https://www.linkedin.com/pub/steve-lester/60/b0b/770
https://leadferret.com/directory/person/steve-lester/34158526
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"Stop Deluding Yourself About Investing Expenses
It’s too easy to ignore fees that are quietly deducted from assets. Brace yourself—and add them up.
Ask me how much my cellphone costs each month, and I can tell you down to the penny. Ask me how much I pay in investment management fees each month, and I have no idea.
...I see my phone bill on my credit-card statement each month. Ditto for my power bill—I write a check to the utility company each month. I am aware of every cent because I actually sit down and pay a bill.
Investment fees—for mutual funds, for 401(k) administration, for a financial adviser—are different.
Most are deducted from your assets automatically.
...Investors rarely pay an actual bill. No checks are written, no credit cards are charged. It is all too easy for investors to ignore the fees altogether, even though they must be disclosed.
...Investors “have no idea what they’re paying,” says Christine Benz, director of personal finance at Chicago-based Morningstar.
...few metrics are as predictive of long-term performance as the fees you pay. The higher the fees, the lower, on average, returns will be.
...Let’s say an investor saves $500 a month for 30 years in a stock fund that generates a 6% average annual return before expenses. If the fund charges an industry average 0.74% a year, he or she will pay $36,297 in total fees. If the fund charges 0.05% a year—the fee, ...he or she will pay $2,681 in fees over the same 30-year period.
...don’t expect the current fee structure to change. It works for the financial industry, which prefers the simplicity, and investors themselves may enjoy the blissful ignorance.
http://www.wsj.com/articles/stop-deluding-yourself-about-investing-expenses-1428669774
"Was my Math incorrect Mr. Matheny?"
George Hartzman
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"Yes"
Zack Matheny
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"Why?"
George Hartzman
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"Times Up"
Zack Matheny
http://greensboroperformingarts.blogspot.com/2015/03/coucilman-zack-matheny-lying-to-george.html
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A cost comparison of Target Date Fund Expense Ratios; Greensboro, NC and Long Beach CA
Long Beach, California created a customized Target Date fund line up that costs less than half of what Greensboro currently pays.
I recommended a customized line up at a February 24, 2015 City Council Work Session, which costs about the same as what Long Beach is charging, but the Deferred Compensation Committee and ICMA-RC representatives didn't show up.
City Council members minus Mike Barber were there.
ICMA member Mary Vigue misled the City Council members who were there, while ICMA member Jim Westmoreland looked on indifferently.
ICMA-RC pays ICMA to use the municipal management organization's credibility and connections with decision makers to fleece most of more than a million participants invested in about 9,000 retirement plans.
Zack Matheny knew exactly what I was proposing and kept his mouth shut.
http://greensboroperformingarts.blogspot.com/2015/03/a-cost-comparison-of-target-date-fund.html
A cost comparison of Target Date Fund Expense Ratios; Greensboro, NC and Long Beach CA
Long Beach, California created a customized Target Date fund line up that costs less than half of what Greensboro currently pays.
I recommended a customized line up at a February 24, 2015 City Council Work Session, which costs about the same as what Long Beach is charging, but the Deferred Compensation Committee and ICMA-RC representatives didn't show up.
City Council members minus Mike Barber were there.
ICMA member Mary Vigue misled the City Council members who were there, while ICMA member Jim Westmoreland looked on indifferently.
ICMA-RC pays ICMA to use the municipal management organization's credibility and connections with decision makers to fleece most of more than a million participants invested in about 9,000 retirement plans.
Zack Matheny knew exactly what I was proposing and kept his mouth shut.
http://greensboroperformingarts.blogspot.com/2015/03/a-cost-comparison-of-target-date-fund.html
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Zack lied to Greensboro's employees, the rest of City Council helped by not saying anything, with ICMA members Jim Westmoreland and Mary Vigue engaged in the cover up.
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"A "Racket (crime)" as "a service that is fraudulently offered to solve a problem, such as for a problem that does not actually exist, that will not be put into effect, or that would not otherwise exist if the racket did not exist.
Conducting a racket is racketeering.
Particularly, the potential problem may be caused by the same party that offers to solve it, although that fact may be concealed, with the specific intent to engender [illegally created] continual patronage for this party...
...the Racketeer Influenced and Corrupt Organizations Act (18 U.S.C. §§ 1961–1968), ...allowed law enforcement to charge a person or group of people with racketeering, defined as committing multiple violations of certain varieties within a ten-year period. The purpose of the RICO Act was stated as "the elimination of the infiltration of organized crime and racketeering into legitimate organizations operating in interstate commerce". S.Rep. No. 617, 91st Cong., 1st Sess. 76 (1968)."
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I believe the City's actions may have violated 18 U.S.C. §§ 1961–1968.
City Staff were involved.
The News and Record went along with it.
Both Zack Matheny and Mary Vigue lied about it.
The retirement plan events appear to fit into RICO covered illegal acts.
