Teacher Retirement
TRS Pension
We specialize in the TRS Pension for educators. During a consultation, we can help you calculate when you can retire, your estimated benefits in retirement, and what options are presented to you based off of your years of service and TRS tier. We can help faciliate buying service credits for out of state pensions or military service, and we can also determine any offsets that would apply to your Social Security benefits if you have reached your 40 quarters. If you have not yet already, you will want to create an account on the MyTRS website to verify your years of service and what tier you fall under. Click the link below to be taken directly to the website.
403(B) Employer Plan
Are you new to your district and want to enroll in retirement benefits? Did you have an old 401(k) or 403(b) from your prior employer and need help rolling it into the plan? Do you need to save money on taxes through a payroll deduction? We can help. Matt and I work with over 100 districts in the state of Texas to faciliate the 403(b) plans through each employer. During an appointment, we can go over your specific options availble in your employer's plan and help you determine which investment is most suitable for your time horizon and goals.
Choosing the Right Investments
Our business is built on integrity and providing education on your investment options. Whether you are wanting guidance on the investments in your employer plan, or wanting to invest outside of retirement, we will make sure you understand all risks and fees involved. You will walk away feeling secure about your investment vehicle (ex: mutual funds), you will have full knowledge of the type of account you have, how to access it, and how compounding interest works to help you reach your goals. All of our advisors are licensed fiduciary advisors who are well versed in your plan options through your district.
403(b) Contribution Limits
Your contribution will be taken out of each paycheck. You can contribute as little as 1%. Even saving just a little bit can help you in the future. You can also adjust the amount at any time.
To the right, you will find the maximum allowable contributions for the plan depending on your age. Even if you contribute a small amount, your money has the potential to grow due to compounding. Compounding refers to the value of an investment increasing because the earnings on an investment are reinvested and earn additional interest as time passes.