Teachers Retirement

Educators have a lot going on and it's easy to get overwhelmed and forget that personal finances need attention! Solid financial planning facilitates smart decisions that impact life, long term. From year one year to year thirty, your financial situation will imminently change.  Those changes, though seemingly small at times, will have a significant impact on income at retirement.

Proactive planning now for income in retirement gives stability for the future...no one wants to face an Income Gap! At Nissi Wealth, we help ensure your teacher's retirement plan is set up for no gaps, no surprises, when you are ready to leave the classroom.

Typically, a career in education offers the unique retirement benefit of pension income, guaranteed for life.  However, this income is often not enough to support the same pre-retirement lifestyle.  The average pension generates only 50%-70% of an individual's highest average salary over their career.  For most, this is unrealistic. At Nissi Wealth we identify Income Gap and provide solutions to overcome this constraint BEFORE retirement.

At the onset of employment in K-12 or higher education, protocol is to automatically enroll you in a pension plan with CalPERS / CalSTRS. However, enrollment does not guarantee you've met the requirements to receive this benefit. Eligibility is calculated in most states with 5+ years of service combined with average salary at separation, and retirement age.  Understanding how these three components work together will facilitate making healthy key decisions early on, significantly impacting your retirement income.

It's  not just about income planning (avoiding a Gap)...there's survivor benefits to consider and once you've made the election it can't be changed.  In an unfortunate event, will your spouse or heir(s) be able to maintain their lifestyle without your income or at a reduced level?  We walk you through the various options, so you fully understand what your election will mean to you and your family's future. 

The closer you move to retirement the closer we ensure the plan is being followed. The goal is to walk with you every step of the way during your retirement process so that the transition into retirement is effortless.

We do not just leave you in the dust when we finish planning for your adventure into retirement. We hold our client’s hands and ensure that our relationships with our clients are closely monitored, we alter for your convenience and help you plan for your legacy!