Welcome to the Executives Association of Long Beach Member Directory

The long standing slogan of the association has been "Business is our Business". The Executives Association of Long Beach (EALB) was founded in 1922. It is an association of Long Beach business executives, each of whom represents his or her respective firm at the management level.

The Long Beach Executives Association is a member of the International Executives Association, a worldwide group of similar associations. It is not a service club, a social group or fraternal order. The EALB is a networking group for business owners and high level executives. It has but one unique objective: to capture the natural bond of common interest which exists between business executives and by regular weekly meetings, develop and enjoy a brand of fellowship conducive to the creation of additional and profitable business for all its members.

It does not require its members to patronize each other, but it does provide opportunities for each member to promote their products or services and it can open doors that otherwise are closed to desired business. Members of the EALB often consider the association as an extension of their own business or profession.


Location: The Grand

Day: Monday

Time: 12pm - 1:15pm

Visitors please contact us to be our guest.


Michael Shafer | April 1, 2019

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On Monday, April 1st the Executives Association of Long Beach met for their weekly luncheon to hear from Michael Shafer of Edward Jones. 

Since 2013, Michael Shafer has worked as a financial advisor for Edward Jones, specializing in retirement planning. As a retirement planner, Michael works with his clients to reach their retirement goals through advising and developing specific investment strategies. 


Michael Shafer was born and raised in Long Beach with his mom and brother. He attended college at CSULB. Michael has been married for 13 years with three kids and currently lives in Seal Beach. Before becoming a financial advisor, he was handled investments for 10 years and was an elementary school teacher for eight years where he learned the teaching skills that he uses as a financial advisor.


Michael’s talk provided insight into his life as an Edward Jones financial advisor. Even though he is an Edward Jones financial advisor, he works independently and is able to be selective about his clients. This selectivity allows him to choose clients that meet his criteria, but that criterion is not about how much his client’s make or how much they need to invest, but rather it is about helping clients find the right plan that will help them reach their retirement goal. He consistently lets clients know that he is a private trader and is not attached to specific companies, which allows him the freedom to find the appropriate investment.


Michael gave us insight into different options for retirement and what California is now mandating for business owners. Michael explains that his strategy of an overfunded life insurance plan could give business owners a tax-free income retirement. After overfunding the life insurance plan when you turn 70 there should be a large sum to take out of the life insurance plan tax free. It is considered to be a different type of VUL (Variable universal life) plan. ROTH IRA is another type of retirement plan that when you withdrawal it will be tax free. Michael explains that when you retire you still have two main things you have to pay for, taxes and health insurance. Using one of these strategies could be helpful to off set one of those things.


This year California has mandated to make retirement savings manadory for all business to have a retirement plan for its employees. If you have 100 or more employees you will need to a plan set up by 2020, 50 or more by 2021, 5 or more by 2022. If you have 401k, IRAs, set up, those will be accepted. Please make sure your 401ks have been benchmarked so your company doesn’t get penalized.   An employee can also opt out of the retirement plan as well. If a company decided to put into the retirement plan, it could be tax advantages for the company. Please check for more information.


Michael is not afraid to talk about fees because he does not charge a fee for advice and his commission is low for IRA’s and 401K’s. Michael wants his clients not to think about their money and instead let him worry about their investments. He wants them to live their lives while he helps them reach their retirement goals..  


Next Meeting: 

Next Monday we are back at The Grand to hear from Vince Bunting and Long Beach K9 Association.  


Remember to invite guests to keep our membership continually growing! 

1st Classification Postings:


2nd Classification Postings:


Membership Postings:


Welcome New Members:

Please welcome Bob Cook of Business Printing and Imaging under the classification of Printing - Small Commercial 

Other Membership News: 

Rodney Bolton of HR Bizz membership has been canceled because of past dues. The classification of HR is now open

Corey Vane has left A-Throne. We are in contact with A-Throne to find a replacement. 

Classification of the Month:

Featured Classification for April:


Advertisements/Want Ads:

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PGA West La Quinta Condo. Call Jim Nesmith for details (562) 900-2230.

Board Meeting Minutes: 


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