Key Takeaways:
1) Maximize 401(k), 403(b), 457 retirement contributions.
2) Pay off all debt (except the mortgage) before aggressively saving for retirement.
Key Takeaways:
1) Smaller accounts perhaps use a target date of funds 50k.
2) Accounts > 50k perhaps use low-cost index funds in a diversified portfolio.
3
When you are on the Teachers Retirement System of Texas or TRS, this provides a monthly pension if you serve the required number of years. But to have the most
As you may know, the TSP, or Thrift Savings Plan, is one of my favorite retirement plans. It offers the best in retirement plans, such as simple low-cost
Required Minimum Distributions or RMDs generally are minimum amounts that a retirement plan account owner must withdraw annually starting with the year that
Working in public service is very rewarding because you can serve the public and do good for society. Examples of teachers molding students' minds, doctors
403(b) vs 457(b) Plans
One of the significant benefits of working for a state or local government is the option to enroll in a 457(b) plan. These plans are
Key Takeaways:
1. Maximize your TSP
2. Save in a Roth IRA
3. Have an emergency fund
4. Passive income
5. Open a brokerage account
6. Pay down debt
The FIRE
Working as a teacher can be a gratifying profession. Being able to shape the minds of young students in your community can be very powerful and fulfilling. But
In many state higher education jobs, you get a choice of either enrolling in the state government pension or the 403(b) plan. This can be a tough choice for
Many state and local governments have an option for their employees to enroll in a 457-defined contribution plan. This is similar to a 401(k) or 403(b) plan
Social Security is one of the most underappreciated retirement benefits that you can get. Very few pensions are indexed for inflation and provide such generous
