Teachers need to have supplemental retirement accounts in addition to their state retirement pension, and a Roth IRA is a good choice for teachers for several reasons. What is an IRA? IRA stands for Individual Retirement Account, a type of investment account designed to help individuals save for retirement. An IRA offers tax benefits to…
Teachers should review their personal finances every year to assess their income, expenses, and savings, and make any necessary adjustments to their spending or saving habits. The end of the year is a great time to conduct an annual personal finance review! Why is an annual review of your personal finances important? Conducting an annual…
Time is one of a teacher’s most precious–and scarcest!–resources. For this reason, we need to save ourselves as much time, money, and energy as possible by putting financial tasks on autopilot. Habits vs. decisions–the first we don’t have to think about, which makes them so difficult to break, and the second wears us out, using…
