Want to change your 403(b) contribution?
You need to fill out a Salary Reduction Agreement (SRA).
This form tells payroll:
👉 How much to withhold from your paycheck
👉 Where to send it (403(b) or 457(b))
👉 When the contributions start
Think of it as instructions for your retirement savings.
Need the form? Check your district intranet or contact HR.
Simple step. Big impact on your retirement savings.
Follow for more tips helping teachers make smarter retirement decisions.
#teacherfinance #403b #teacherretirement #financialeducation #k12teachers #teachersupportteachers
Got a 403(b)/457(b) or saving for retirement question? 🤔
Join us 3/26 for a free Zoom Q&A 🔥
👉 Registration link in bio
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/events/details2/event-office-hours-3.26.26
#403bwise #TeachAndRetireRich #TeacherFinance #Retirement
High-cost 403(b) vendor American Fidelity runs thousands of school district Section 125 plans. In order to get the tax break on medical and dependent care expenses, American Fidelity requires that you meet with a sales rep who often tries to sell add on services. In this clip from their latest pod Scott and Dan describe these tactics and how schools and educators should push back.
🎧 Listen to episode 413 of "Teach and Retire Rich" wherever you get your podcasts.
Yikes 😮. Just got notice of how much more we would have been paying 💸 if my wife hadn't just gotten a new job with health insurance. We are lucky. So many people aren't so fortunate.
Imagine having more than $50,000 withheld from your paycheck for your 401(k)—your own money, not employer matching—only to discover it never made it to your account.
This is what happened to Dan's wife, and her story was featured in a recent Wall Street Journal article about 401(k) theft.
Dan and Scott discuss what happened and what you should watch out for to protect your own retirement savings.
🎧 Listen to episode 397 of "Teach and Retire Rich" wherever you get your podcasts.
