You know you need to learn more about personal finance in order to make important financial decisions, but you just find it too overwhelming, too intimidating, and too time consuming. This book was written for you, giving you the basics in an hour or two, and then directing you to further resources if you’d like to learn more.

This book isn’t about “getting rich quickly” (not that there’s anything wrong with that), but it’s about gaining knowledge and building your capacity in order to live a good life. What’s a “good life”? We don’t know, everyone’s definition is different. What’s important is that you take the time to define what a good life is for you, and then align your financial decisions with that.

The goal of this book is to help you think about your finances in such a way that you have the independence to lead the life you want to live; to give you as much control as possible over your financial situation so that your finances don’t prevent you from living the life you want.

Part 1 of this book is applicable to everyone, but Parts 2-4 are specifically for employees of Illinois public schools. These parts take a medium dive into both your TRS and your school district benefits, and how you can optimize your finances based on those benefits. Most Illinois educators are not fully aware of their TRS benefits and how that should impact almost all of their other financial decisions throughout their adult lives. This book will help you make those decisions

So, about 100 pages. Maybe an hour or two. Ready to get started? Future you will thank you.

 

“Plausible Path” Scenarios

Scenario 1: TRS Tier 1 Member Retiring at Age 52
Our first scenario looks at a career Tier 1 teacher who wants to stop teaching at the fairly early age of 52.

Scenario 2: TRS Tier 1 Member Retiring at Age 57
Our second scenario looks at a career Tier 1 teacher who wants to stop teaching at age 57.

Scenario 3: TRS Tier 1 Member Retiring at Age 62
Our third scenario looks at a career Tier 1 teacher who wants to stop teaching at age 62.

Scenario 4: TRS Tier 2 Member Retiring at Age 57
Our fourth scenario looks at a career Tier 2 teacher who wants to stop teaching at age 57.

Scenario 5: TRS Tier 2 Member Retiring at Age 62
Our fifth scenario looks at a career Tier 2 teacher who wants to stop teaching at age 62.

Scenario 6: TRS Tier 2 Member Retiring at Age 67
Our sixth scenario looks at a career Tier 2 teacher who wants to stop teaching at age 67.

Have a question?

Email me
Karl@FischLearning.com

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