A question that many financial planners get is: do I have enough to retire? In the past, this was an easy calculation, and you would get a defined benefit
Introduction
You may accumulate retirement benefits from different employers, including government pensions, as you navigate your career. This is common if you
Retiring early is a dream many share, and for military personnel, it is possible to achieve it with careful planning and strategic decisions. In this blog post
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
