Teacher Retirement Plans

Understanding the nuances between 401(k) and 403(b) retirement plans is crucial for securing your financial future. Know the differences, assess your options, and consult with a financial advisor to choose the right path towards a comfortable retirement. 💼💰 #RetirementPlanning #401kvs403b #FinancialWellness

When do you need a financial advisor? Here are 3 signs! 💡 You’re stuck making decisions about your investment account We can guide you through your retirement plan, helping you maximise returns and savings with the resources available to you. 📉 Your investments are underperforming Are your returns hovering around 2-5%? It might be time to reconsider your investment choices! With the right strategy, achieving returns of 6-12% is possible when you know where to invest. 🏠 You’re planning major purchases Before jumping into significant debt, talk to a professional! Our clients have saved around $10,000 just by getting advice before making a large purchase. Book a call to make sure your money is working FOR YOU, not against you: https://lnkd.in/gefxHQg9 #financialadvisor

Imagine you received an offer from Microsoft stating that part of your compensation will be paid in RSUs. What does this mean? 🤔 Microsoft, as part of its compensation package, offers employees RSUs, or Restricted Stock Units. Essentially, RSUs give you ownership in the company—but with a catch. You don’t receive the stock right away. Instead, you have to wait for a vesting period, which is a set amount of time before you officially own the shares. Once vested, those shares are yours to keep, sell, or hold. 📈 Swipe left to see what RSUs offer you! ➡️ Have you ever been paid in RSUs? How long did it take you to "unlock" your funds? 💰 #rsus #microsoft #retirementplanning

Are you a teacher in your mid-to-late 40s just starting to save for retirement? Here are a few tips to help you get started!

Being an Early Childhood Educator means embracing challenges with resilience and passion every day. It's about giving your all when it feels like you have little left, and creating a nurturing space where young minds can flourish. ECE isn’t for the faint-hearted—it’s for those who are driven, determined, and dedicated to shaping the future through each lesson and every story.

Consider buying a car? Then this post is for you! The 20-4-10 rule is a helpful theory that can help you establish a "safe" budget for your car purchase, taking your current income into account. So what does "safe" mean? It means you can acquire a new vehicle without overspending or threatening your finances. Here's how it works ⤵️ Follow us and learn how to manage your finances wisely!

SAVING VS INVESTING 🤔 Do you want to build a solid retirement fund? Getting your funds work FOR YOU? Stop waiting for a perfect oppotunity – start investing now! If you have hesitations about your retirement strategy, schedule a free second-opinion call with Jason Crump – founder of Teacher Retirement Plans, and investing advisor with decades of experience.

Should you go for Roth IRA or Traditional One? Both types of retirement accounts offer great benefits, but the right choice depends on your individual financial situation. Here's a simple comparison to help you decide!

Do you wish to have the freedom to choose when to retire? As a teacher, you have a unique advantage – not only do you have access to a 403(b) plan, but you can also opt for a 457(b) plan! The 457(b) plan is a flexible retirement savings account available specifically to public workers, including teachers. With several advantages over the 403(b), such as allowing penalty-free early withdrawals, it can be an excellent option if you’re aiming to retire earlier. Save the spreadsheet for later and explore your options! At Teacher Retirement Plans, we’re an independent consultancy dedicated to raise awaraness of available financial tools to educators. Follow to learn more!

What is the Rule of 25? The Rule of 25 is a popular self-help guideline for planning your retirement savings. By using this rule, you can estimate how much you need to save for a comfortable retirement. It's simple to apply: Just calculate your annual expenses and multiply that number by 25. This gives you a target savings amount that can help ensure financial stability during your retirement years!