The Problem
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
Educators and administrators enrolled in the Teachers Retirement System (TRS) of Texas have an option of the Partial Lump Sum Option (PLSO) upon separation from
Insurance is used primarily to protect against the risk to your health, life, property, and employment. Unfortunately, insurance often gets a bad wrap since you
There is the three-legged stool of retirement benefits working in the federal government. The three are the Basic Benefit Plan or the federal government pension
I often get the question of whether to use the Texas College Savings Plan. This is the 529 college savings plan where you can go online and enroll in an account
Types of Retirement Plans
There are two general types of retirement plans at your workplace. These are defined benefit pension plans and defined contribution
As we know, 529 college savings plans are an excellent way for a parent to set money aside to pay for their child's education. Grandparents also want to do what
A weighty decision for both uniform and civilian members is whether you should do Roth or Traditional Thrift Savings Plan (TSP). This blog post discusses how to
What are the different options to withdraw your money from the TSP when you separate from federal service in retirement? I will discuss the three main options
I often get asked how you can reduce your income taxes as an educator or government worker. I have five ways that you can reduce your federal tax liability that
Working as a college professor and financial planner myself, I have first-hand experience in how to navigate and maximize retirement benefits in this setting
The most common way for public service workers to save for retirement is their pension and/or 401(k) type plan, such as a Thrift Savings Plan (TSP) for federal
