Richard Schmitt

Who is Richard Schmitt?

Richard Schmitt is an Adjunct Professor teaching retirement planning at the Edward S. Ageno School of Business at Golden Gate University in San Francisco. Having worked in the retirement plan industry since the origin of 401 plans, he has assisted companies in the design, implementation, and administration of 401, 403, 457 plan, and other retirement savings plans for over 25 years. Before joining academia, he managed corporate compensation and benefit plans for a couple of the largest U.S. companies based in Silicon Valley. He also served other Fortune 500 companies' retirement plans as a senior consultant at major international consulting firms. He is a Fellow of the Society of Actuaries, a Member of the American Academy of Actuaries, and an Enrolled Actuary.

He is an author of the book "401 Day Trading: The Art of Cashing in on a Shaky Market in Minutes a Day ". On July 9, 2012, LA Times published a story on 401k day trading.