Retirement Planning For A New Connecticut Teacher #66
How do you feel about your retirement plans? Do you feel like you’ve explored and considered all the options available to you? If you are looking for helpful resources to get started on your journey toward retirement, you’ve come to the right place! Join me on this episode as I discuss an answer to another listener's submitted question - this week’s topic covers retirement planning for new Connecticut teachers. If you are interested in getting a question answered on one of my upcoming episodes, make sure to submit a question by clicking here!
You will want to hear this episode if you are interested in...
Retirement planning for new Connecticut teachers [0:50]
403B providers [6:30]
Maxing out your retirement options [11:00]
Why you need a will and other legal documents as you plan for retirement [13:00]
Closing thoughts [15:30]
Retirement for teachers in Connecticut
There are a ton of questions out there about retirement and how it works for those who are quickly approaching retirement and for those who are just laying the groundwork. To specifically address 403b accounts, I tackled a few questions about this topic a while back.
Listener, John asked about his wife who is a teacher in Connecticut schools but wanted to know if they could purchase credits for the time she worked as a preschool teaching assistant. Unfortunately, the information I found did not indicate that John’s wife could purchase these credits for that time served but could moving forward as a teacher in the Connecticut school system.
Following my episode regarding 403b accounts, I learned of another option available to educators that is worth considering, NEA (National Education Association) Direct Invest. NEA Members who feel confident enough and wish to make their own retirement planning decisions, there's an online way to invest in the NEA Retirement Program. DirectInvest offers a convenient way to invest through a secure Internet connection.
NEA Direct Invest is part of the overall NEA Retirement Program and is a voluntary retirement savings and investment program designed for educators.
To learn more about this topic and how to enter retirement with confidence, make sure to listen to this episode - you don’t want to miss it!