For teachers currently enrolled in TRS, you may be asking yourself, what is the Rule of 80? Essentially, the Rule of 80 is when you will be first eligible to
What are FSAs?
In March 2019, 14 percent of private industry workers had access, and 37 percent of state and local government had access to Flexible Savings
What are Target-Date Funds?
Target-date funds are essentially one mutual fund you can save for your 401(k) retirement plan. You would pick your target
Creating a financial plan may seem overwhelming to those that have never completed one, but taking the first steps to create a plan is much easier than you may
Many pension plans offer an array of options to take your pension when you retire. One option is the lump sum. This is an important decision to make as once it
For many Texas teachers who will receive TRS, you should understand the rules for getting Social Security. If you have paid into Social Security and expect to
For those in the education field, such as teachers, professors, and administrators, it incumbent upon them to save for retirement. One of the benefits of
Goal-Based Financial Planning
Goal-based financial planning has become extremely popular in personal finance circles. This is where you prioritize your
The employee benefits for professionals in corporate careers can be generous. Increasingly, most large corporate employers' focus is to provide some level of
You can experience a variety of wealth events that lead to a financial windfall, including the sale of a business or real estate, an inheritance, lottery
Teachers should try to avoid three common pitfalls when it comes to their retirement. The good news is that there are easy solutions to fix these pitfalls.
P
Teachers Pension Inadequacy
A defined benefit pension plan, such as TRS, provides a small group of long-serving teachers with good benefits while leaving
