A recent 2020 survey of members of TRS showed that younger active TRS members are less confident that they will have enough money saved for their retirement.1 T
The federal government has a more generous retirement program than most other levels of government and the private sector. You essentially have three components
The Thrift Savings Plan (TSP) is one of the best 401(k) plans out there. It has meager expenses and is straightforward to manage. You are only dealing with
Working in government is a rewarding career since you can serve the public and significantly impact society. But many civil servants want the opportunity to
The FIRE movement, or Financial Independence, Retire Early, is popular among millennials, especially in corporate careers who want to gain financial
There are several reasons Roth IRAs are an excellent opportunity to save money for retirement. You put in after-tax money now, so there is no immediate tax
Professors, administrators, and staff in public higher education institutions in Texas have many different options for retirement plans.
Professors and
Key Takeaways:
Pros of TSP Rollover: Full control of investments, more investment options, portability, professional money management
Cons of TSP Rollover: Ty
Financial planners have traditionally been skeptical, to say the least, of annuity products. These products provide some guaranteed income with the potential
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
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
