Over the next few weeks, TRS will release more financial awareness videos aimed at helping our current members learn even more about retirement self-sufficiency. The new videos will cover compound interest, saving in a tax-deferred plan, enrolling in a 403(b) plan, and understanding 403(b) fees.
The series introduces members to three interrelated themes:
One, what you have – your TRS defined benefit plan. Topics include how the TRS pension plan works and how to estimate your TRS retirement benefit. Spoiler alert: pension, benefit and annuity all mean the same thing!
Two, what you need – to save more. Topics include whether your TRS pension will provide enough income in retirement, and reasons why the answer is probably “no” – like the impact of inflation and the fact that you may not be eligible to participate in Social Security.
And three, how to get it – by saving smart. Topics include setting financial goals, enrolling in a 403(b) plan, taking advantage of compound interest, working with financial advisors, and more!
Some of the videos are more relevant to early and mid-career members, while others may be of more interest to members who are near retirement. However, no matter where you are in your career, you’ll find something valuable in every video. See below for the latest videos, and sign up for
MyTRS Email Subscriptions to be notified when new videos are released!