Most of the public school districts in Texas have TRS as their pension but do not pay into Social Security. So these teachers will get no benefit from Social
The Alternative Minimum Tax (AMT) is often viewed with disdain for tech workers who have to pay this tax to exercise their Incentive Stock Options (ISOs). As a
Are you a Do-It-Yourself (DIY)-er type of person? Maybe you are the one who sees something that needs to get done or fixed around your home or office and takes
Key Takeaways:
-Average full cost of college in 2020 was $26,820 for a four-year public university in-state tuition
-Use the College Scorecard to determine
Professors, administrators, and staff in public higher education institutions in Texas have many different options for retirement plans.
Professors
The FIRE movement, or Financial Independence, Retire Early, is popular among millennials, especially in corporate careers who want to gain financial
A recent 2020 survey of members of TRS showed that younger active TRS members are less confident that they will have enough money saved for their retirement.1 T
Key Takeaways:
1. Maximize your TSP
2. Save in a Roth IRA
3. Have an emergency fund
4. Rental real estate
5. Open a brokerage account
6. Pay down debt
Being a university faculty member myself, other faculty members often ask me some key considerations to ensure their Personal Finances are in good order.
As
Key Takeaways:
Pros of TSP Rollover: Full control of investments, more investment options, portability, professional money management
Cons of TSP Rollover
Increasingly tech start-up companies are moving to Texas to take advantage of lower taxes and a more favorable business climate. With these moves, high-tech
Despite the importance of teachers in Texas educating, mentoring, and nurturing our children, we are not preparing them enough for retirement. A recent 2020
