More on Purchasing Service Credit

I’ve written before about purchasing service credit, but I wanted to dive in a bit more here. Note that the following is specific to Colorado PERA and uses Littleton Public Schools’ 2021-22 salary schedule for reference. Having said that, the same logic will generally apply to almost all pension systems, although the details will be … Continue reading More on Purchasing Service Credit

401ks and 403bs and 457bs, Oh My!

The Individual Retirement Account (IRA) is well-named. (Technically, the 'A' actually stands for "arrangement", not account, but everyone just says account.) It describes really well what the account is for (although the details around it can still be confusing), and people quickly grasp the concept. The same can't be said, unfortunately, about employer-sponsored retirement plans. … Continue reading 401ks and 403bs and 457bs, Oh My!

Are Target Date Funds The Best Choice for Educators?

One of the most helpful innovations in both investing and retirement planning has been the Target Date Fund. If you're not a familiar, a Target Date Fund is one investment that allows you to pick the date at which you anticipate needing your money (typically when you expect to retire), and the fund is setup … Continue reading Are Target Date Funds The Best Choice for Educators?

PERA-Related Bills Before the Colorado Legislature: Your Action Needed

Every year when the Colorado legislature meets in the spring, there are typically several bills related to Colorado PERA that are proposed and sometimes passed. Sometimes those bills are very minor and sometimes very major. When they are major, they typically get a ton of attention, but when they are minor (or at least perceived … Continue reading PERA-Related Bills Before the Colorado Legislature: Your Action Needed

Three Things Colorado School Districts Should Do ASAP

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