Teacher Retirement Services: Planning Ahead
If you are a teacher who is planning for retirement, consider yourself lucky. The most states have teacher retirement services that do a great job of making the process of understanding retirement planning simple.
For example, planning seminars are a part of teacher retirement services that are designed to help you get ready for retirement well before you retire. Likewise, most teacher retirement services offer teachers who are planning for their retirement access to a one on one consultation regardless of where they live. Many services also offer an online pension calculator and will prepare a draft statement of benefits for teachers who want to be more aware of what their retirement income will look like.
But even with teacher retirement services, teachers who are planning for retirement can benefit from taking a closer look at their retirement savings. After all, it?s important for everyone to be able to look at the savings and investments they have made to make sure that they are doing enough to reach the financial goals that they have set.
One tool that can be used in addition to other teacher retirement services is our free retirement calculator. When you download our free retirement calculator by clicking the link at the bottom of this page, you will be able to take a much closer look at all of your retirement savings and investment accounts.
With our retirement calculator, you can look closely at the way your retirement savings and investment accounts have performed over time. You?ll be able to look also at projections for how all of your savings and investments will perform over the next twenty five years and the values that you will get when you look at those projections will take into consideration interest rate changes and the affects of inflation on the amount of income that you will be available to you when you retire.
In addition, you?ll be able to look at other changes that can be made to your savings and investments to see how they will affect your retirement savings. For example, if you think that you might need to make a withdrawal from your retirement savings so that you can pay medical expenses, your child?s tuition or the down payment on a new home, you will be able to see how that withdrawal will affect your income ? both now and after you retire.
Unlike teacher retirement services that only consider the savings and investments that you have made, with this retirement calculator, you?ll also be able to look at the way stocks, bonds and mutual funds that you are considering investing in have performed and will perform. You?ll be able to spot a bad decision before you make it, and be able to feel confident that you have what it takes to plan for retirement.
Whether the changes you?re thinking of making will have a positive impact or not, you will be able to ask questions about them and get advice from a retirement professional. When you download our retirement calculator, your contact information will be forwarded to a financial advisor in your area who will work with you to answer questions and develop the right strategy for reaching all of your financial retirement goals.
Make sure that all of your retirement goals will be achieved. Rather than relying on teacher retirement services, take the time to do your research. Understand your savings and investments and how they will work for you. Just download the free retirement calculator to get started.