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
Th
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
The U.S. Department of Veterans Affairs estimates that nearly 200,000 service members leave the military every year. For many of them, the transition back to
TSP Funds
The TSP is one of the lowest-cost providers of index mutual funds for the military and federal civil service employees. But when you retire from
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