November 2017

Five Questions All Teachers Should Ask Their Financial Advisor

By | 2018-01-03T21:55:46+00:00 November 16th, 2017|403b, Financial Life Planning, NYSTRS, Pension, Roth IRA, Teachers|

Five Questions All Teachers Should Ask Their Financial Advisor Be honest. How did you choose your Financial Advisor? Did you ask a co-worker? Did you sign up with them because they brought in free pizza or doughnuts and seemed nice? After all, they are approved by your school district so they must all be [...]

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June 2017

Investing as a Teacher is Hard!

By | 2018-01-17T05:05:16+00:00 June 12th, 2017|403b, Financial Life Planning, NYSTRS, Pension, Teachers|

The purpose of this post is to be an unbiased resource for Depew teachers to use to help them in selecting the 403b provider and the difference between the available options.  Please take your time to review this post and make sure you and your colleagues are using the best possible option – with [...]

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December 2015

3 Secrets Every NYSTRS Tier 4 Teacher Needs to Know

By | 2018-01-03T17:15:05+00:00 December 5th, 2015|403b, Life Insurance, NYSTRS, Pension, Roth IRA, Teachers|

Secret #1 Your Pension is worth a lot of money. This isn't really a big secret, but did you know it could be worth over $1,200,000? This is based on the amount of money that is needed at age 55 to generate $65,000/year from an immediate annuity. ...but if you were to pass away [...]

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October 2015

What Should a Financial Planner Do?

By | 2018-01-17T04:43:16+00:00 October 15th, 2015|403b, Business Owners, Roth IRA, Teachers|

There’s a lot of misunderstanding about what value a financial planner can bring.  There are also just as many questions about what a financial planner does all day.  Which tasks and priorities actually translate to value for clients? I used to spend a lot of my working hours on tasks that ultimately added no value for clients. [...]

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NYS Prior Service

By | 2018-01-16T21:31:18+00:00 October 15th, 2015|403b, NYSTRS, Pension, Teachers|

Do you have any NYS Prior Service?  Have you ever worked for the town recreation department? If so then it might make sense to Buy Back this service credit as it could boost your pension and help you reach certain service milestones faster.  For example with 10 years of membership or credit, Tier 4 [...]

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May 2015

Why I love the Roth IRA (especially for Teachers)!!!!

By | 2018-01-17T04:28:27+00:00 May 11th, 2015|403b, NYSTRS, Pension, Roth IRA, Teachers|

So what is a Roth IRA and why do I love it? A Roth IRA is a retirement account type that can give you a TAX FREE income in retirement, which is freaking awesome!! Here is a little breakdown on the differences between a Roth IRA and a traditional IRA, 401k and 403b: [...]

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April 2015

Why

By | 2018-01-03T17:15:06+00:00 April 13th, 2015|403b, Business Owners, Life Insurance, NYSTRS, Pension, Teachers|

What’s your why when it comes to your money?  This is one of biggest questions I help clients answer.  Why is money important to you?  We all know what we want life to look like, but to get there financially you must identify your “Why?”.  I help clients try and view money as [...]

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December 2014

NYSTRS – Everything you need to know

By | 2018-01-03T17:15:06+00:00 December 24th, 2014|403b, NYSTRS, Pension, Teachers|

What Tier am I? Tier 3 – Joined between 7/27/1976 and 8/31/1983 Tier 4 – Joined between 9/1/1983 and 12/31/2009 Tier 5 – Joined between 1/1/2010 and 3/31/2012 Tier 6 – Joined on or after 4/1/2012 Member Contributions Tier 3 and 4 – You are required by law to contribute 3% of your [...]

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