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Here are three simple, easy, and no-cost (or at least very, very low cost) things I think every Colorado school district should do as soon as possible that will instantly improve the lives of their employees as well as make them even better teachers, administrators, paraprofessionals, bus drivers, or whatever job function they perform. Go … Continue reading Three Things Colorado School Districts Should Do ASAP
Here's the recording of my presentation (without the question and answer portion) I gave to the 403bwise audience on February 10, 2022. Here also are the slides that I used. https://www.youtube.com/watch?v=iL8aGMS-RuY
Many pension plans allow members to purchase service credit. This may be counterintuitive for some folks, but many plans allow you to "buy" years where you didn't work under the pension system and then treat those years as if you had. This typically both increases your ultimate pension benefit and often can allow you to … Continue reading Time to Buy! Buy! Buy! (Service Credit)
The Teachers' Retirement System of Illinois (TRS) is rolling out a new 457b plan in January of 2022 called the Supplemental Savings Plan (SSP). This does not change anything with the TRS pension, but is simply an optional additional tax-advantaged savings vehicle. This post will look at the pros - and cons - of this … Continue reading Illinois TRS SSP: A Good (but not great) 457 Plan
Each year at about this time the IRS announces various changes to the upcoming tax year, which are based on formulas that typically revolve around inflation. To be clear, these are not changes to tax policy, Congress passes those, and there are certainly many of them in the Build Back Better Act that may end … Continue reading Some 2022 Tax Changes
I was asked to give a presentation to the high school I used to work at regarding some things to be thinking about as you near retirement with a benefit from Colorado PERA. It was a virtual presentation, and given during their lunch time, so it was rather hurried but I hope it was useful … Continue reading Colorado PERA Retirement Considerations Presentation
Fisch Financial 