Teachers are one of the single largest class of workers with a bachelor’s degree or higher, yet existing systems shortchange teachers when it comes to retirement planning and security.
According to a survey by EdWeek.org, more teachers are thinking about leaving now than before the pandemic. Younger teachers are more likely to leave the profession which means many of these teachers will not qualify for a pension. If they have only been relying on the prospect of a pension and not investing in alternative retirement plans, they’ll have some catching up to do.
In this post, we will look at why a teacher’s pension may not be enough and what investment accounts teachers can self-fund to ensure they have enough in retirement.