Retirement planning

Introduction Planning for retirement can feel like preparing for a long journey. You need a map, a clear destination, and the right tools to get there. In this guide, we’ll review the best retirement planning tools to help you secure your future. Whether you’re just starting out or looking to improve your plan, we’ve got […]

Introduction When it comes to retirement planning, it is important to understand the various options available. One such option is a 457(b) plan, a type of deferred compensation plan commonly available to state and local government employees, as well as some nonprofit organizations. So, what is a 457(b) plan, and how does it work? Let’s

Introduction Retirement planning is important for everyone, but it’s especially important for teachers. With a unique retirement system like the Teachers Retirement System (TRS), understanding the complexities can significantly impact your post-career life. This article will guide you through everything you need to know about TRS and how to effectively plan for your retirement as

401(k) Plan: A 401(k) plan is a retirement plan that employers offer their employees. It is named for the part of the Internal Revenue Code that governs it. The plan allows employees to contribute a portion of their pretax income to the plan, reducing their taxable income for the year. Employers can also choose to

Retirement Planning If you are between the ages of 55 and 64, you still have time to increase your retirement savings. Whether you plan to retire early, late, or not at all, having enough money saved can make all the difference both financially and psychologically. Your focus should be on building or catching up when