Nebraska TLDR Cover

You know you need to learn more about personal finance in order to make 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”? I 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 members of the Nebraska School Employees Retirement System. These parts take a medium dive into both your NPERS and your school district benefits, and how you can optimize your finances based on those benefits. Most Nebraska educators are not fully aware of their NPERS 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 115 pages. Maybe a couple of hours. Ready to get started? Future you will thank you

Resources For All TL;DR Books

403b/457 Fee Comparison Spreadsheet

 

“Plausible Path” Scenarios

Scenario 1: Tier 1 Member Retiring at Age 55, 30 Years of Service, Meets Rule of 85
Our first scenario looks at a career educator who wants to stop working at an NPERS-covered job at the fairly early age of 55 and who meets the Rule of 88 (so they get a full pension).

Scenario 2: Tier 1 Member Retiring at Age 55, 25 Years of Service, Does Not Meet Rule of 85
Our second scenario looks at an educator who wants to stop working at an NPERS-covered job at the fairly early age of 55 and who does not meet the Rule of 88 (so they get a reduced pension).

Scenario 3: Tier 1 Member Retiring at Age 60, 35 Years of Service, Meets Rule of 85
Our third scenario looks at a career educator who wants to stop working at an NPERS-covered job at age 60, has 35 years of service, and who meets the Rule of 85.

Scenario 4: Tier 2 or 3 Member Retiring at Age 55, 30 Years of Service, Meets Rule of 85
Our fourth scenario looks at a Tier 2 or 3 Member who wants to stop working at an NPERS-covered job at age 55, has 30 years of service, and who meets the Rule of 85.

Scenario 5: Tier 2, 3 or 4 Member Retiring at Age 60, 35 Years of Service, Meets Rule of 85
Our fifth scenario looks at a Tier 2, 3 or 4 Member who wants to stop working at an NPERS-covered job at age 60, has 35 years of service, and who meets the Rule of 85.

Scenario 6: Tier 2, 3 or 4 Member Retiring at Age 60, 20 Years of Service, Does Not Meet Rule of 85
Our sixth scenario looks at a Tier 2, 3 or 4 Member who wants to stop working at an NPERS-covered job at age 60, has 20 years of service, and who does not meet the Rule of 85.

Scenario 7: Tier 4 Member Retiring at Age 55, 32 Years of Service, Does Not Meet Age 60 Requirement
Our seventh scenario looks at a Tier 4 Member who wants to stop working at an NPERS-covered job at age 55, has 32 years of service, and who does not meet the age 60 requirement.

Have a question?

Email me
Karl@FischLearning.com

css.php