teachers — Blog — Sisters for Financial Independence

Financial Education, Financial Basics, Retirement For Teachers

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.

Catherine Agopcan

Financial Basics, Financial Education

Today’s post is a little different. It’s a roundup post of money advice for teachers and educators. For majority of my posts here, I’ve written from the perspective of someone who was in the corporate world. By nature, being in the corporate world has it’s own unique system, terminology, career ladder, retirement, etc. After reading the TIME piece “13 Stories of Life on a Teacher's Salary” late last year, I was aghast at how little we pay and pay attention to the people that are shaping our children’s future.

To that effect, I think it’s equally important that teachers also take it upon themselves to do what they can to get themselves financial independent.