It all starts here.
As educators, you’ve spent your career shaping the future of countless students. Now, it’s time to focus on shaping your own future. Teachers Retirement Solutions (TRS) is here to help you make the most of your retirement, ensuring you can enjoy life beyond the classroom with confidence and financial security.
OUR MISSION:
Make your savings
your top priority.
Identifying the amount you are short is the first step in fixing the problem.
Step One:
Evaluate how much money you would need in order to retire at the age you desire and live the lifestyle you want.
Step Two:
If there is a gap between your predicted needs and your predicted savings, determine what you can do to get more money into your retirement savings. That is generally going to happen by saving more money, working longer, or taking on extra-pay assignments.
You are ready for an
your action plan.
You have gathered information about your retirement. You have taken the time to evaluate your needs. You are ready for an action plan! With the efforts you have made over the years, you will deserve to fully enjoy what life has to offer.
Step One:
Find simple ways to save. Small contributions to your retirement can add up to big savings overtime.
$5 per month in 20 years you'd have $13,506
Step Two:
Make sure to set up systematic payroll contributions to help you get you closer to your goals. You not only defer taxes on the oney you contribute, any earnings on your savings also have the potential to compound tax deferred until withdrawal.
How can you increase your retirement income?
- Work Longer
- Take on extra pay assignments, such as becoming a soccer coach or yearbook advisor
- Purchase expensive service credit to buy back years
- Start a 403B or 457b account with a TRS Financial Educator
Starting a 403(b) or 457(b) account ensures you have enough income to support the retirement you envision with out the need of having to work longer .
