Retirement Planning for Teachers
Educators, are you looking for the best asset management company for your wealth management? Whether you're searching for the best 403b, mutual fund, Roth IRA, or Traditional IRA, you've come to the right place. Our team of financial educators can help with wealth management as you navigate the differences between a 403b, Roth IRA, Traditional IRA, or other mutual fund investment needs.
Why Do Teachers Financially Struggle Today? - It's NOT Your Fault!
By Leonard Gilroy, Zachary Christensen and Steven Gassenberger "Arizona State Retirement System (ASRS)... has some major pension solvency challenges that policymakers need to resolve now."
The New York Teamsters pension runs out of money!
These are very real and serious challenges that educators face today. Thriving Teachers Today is here to help these struggling teachers.
Investing Basics For Teachers
At Thriving Teachers Today, we are an asset management educational company. One of the key components of our educational efforts is helping educators understand and optimize retirement savings options, such as the 403(b) plan. So, what exactly is a 403(b) plan, and why is it essential for educators?
A 403(b) plan, also known as a tax-sheltered annuity (TSA) plan, is a retirement savings vehicle available to employees of certain tax-exempt organizations, including public schools, colleges, universities, and nonprofit organizations. Similar to a 401(k) plan offered by for-profit companies, a 403(b) plan allows educators to save for retirement with many benefits, including:
- Tax Advantages: Investment earnings within the plan grow tax-deferred until withdrawn in retirement, allowing your savings to compound over time. Plus if you qualify for a Roth 403(b), even when you withdrawal earnings, there are NO federal taxes owed!
- Payroll Deductions: Many employers allow you, a 403(b) participant, to have contributions withdrawn straight from your paycheck into your 403(b) account. This way it adds discipline to consistently invest over time.
- Investment Flexibility: 403(b) plans typically offer a diverse range of investment options, including mutual funds, annuities, and other investment vehicles. This flexibility allows educators to tailor their investment strategy to their risk tolerance, time horizon, and retirement goals.
- Catch-Up Contributions: For educators nearing retirement age, 403(b) plans offer catch-up contribution provisions that allow participants aged 50 and older to make additional contributions beyond the standard limits. This feature is particularly beneficial for educators looking to ramp up their savings in the years leading up to retirement.
At Thriving Teachers Today, we recognize the importance of financial literacy and empowerment for educators. Through our asset management educational programs, we provide educators with the knowledge, tools, and support they need to make informed financial decisions and build a secure financial future. Whether you're just starting to save for retirement or looking to optimize your existing retirement accounts, we're here to help you thrive. Click here now to get our free eBook about the "Top 10 Mistakes Teachers Made With Their 403b And STRS".
What Is An Asset Management Company?
In today's economy, Asset Management Companies are becoming more of a necessity while traditional banks become more venerable.
An Asset Management Company specializes in providing comprehensive financial solutions to individuals and business' seeking to optimize their investment portfolios. With a team of seasoned certified financial advisors, they offer expert guidance and strategic advice to help clients achieve their financial goals.
Leveraging their extensive industry knowledge and cutting-edge research tools, an Asset Management Company meticulously analyzes global markets and identifies opportunities across various asset classes, including equities, fixed income, mutual funds, and alternative investments. Their tailored investment strategies, coupled with rigorous risk management techniques, ensure that clients' portfolios are aligned with their unique objectives, risk tolerance, and time horizon.
With a commitment to delivering superior performance and long-term value, Asset Management Companies aim to empower clients and guide them towards financial success.
Click here now to schedule a free financial consultation to get on the right financial track today.
What Does An Asset Management Company Do?
As an Asset Management Company client, you can unlock the potential to grow your wealth and generate income through various avenues. One way to make money is through capital gains, which refers to the increase in the value of your investments over time.
By leveraging Asset Management Companies expertise in asset allocation and market analysis, they aim to strategically position your portfolio for potential capital appreciation. Additionally, you can earn income through dividends, which are distributions of company profits to shareholders based on the number of shares held. Dividends can provide a regular stream of income, particularly from dividend-paying stocks, equity funds, or mutual funds. Another avenue for generating income is through interest, which is earned on fixed-income investments such as bonds or money market funds. With these strategies and active portfolio management, you can harness the potential of capital gains, dividends, and interest to enhance your financial well-being.
What Is The Best Asset Management Company For Educators?
Determining the best asset management company requires careful consideration of individual needs and circumstances. We understand that everyone's situation is unique, and that's why we offer a diverse range of asset management companies to partner with, catering to different needs.
Whether it's Invesco, Fidelity, Franklin Templeton, or one of our other asset management companies, each partner brings a distinct set of strengths and expertise. This allows clients to find the ideal match for their investment goals, risk tolerance, and financial preferences.
Whether clients prioritize sustainable investing, wealth management, aggressive growth, or any other specific objective, Thriving Teachers Today ensures that their partner network can provide tailored solutions.
We empower clients to make informed choices and secure the services that align best with their specific requirements, ultimately enhancing their investment journey.
Our Top Tier Asset Management Companies That We Work With
Is It Worth It To Hire An Asset Management Company? Risk Vs. Reward!
When individuals attempt to manage their own investments, they expose themselves to inherent risks and potential financial pitfalls.
Statistics reveal a significant difference in performance between self-directed investors and those who seek the expertise of asset management companies. According to a study by DALBAR, the average investor tends to significantly underperform the market, with the 20-year average annual return for equity mutual fund investors being only 5.19%, compared to the S&P 500 index's average annual return of 7.47% during the same period.
Similarly, investors who utilized a financial advisor benefited from an average annual return that was approximately 3% higher compared to those who managed their investments independently. These statistics highlight the dangers of self-directed investing and underscore the importance of working with an asset management company.
By leveraging our expertise, proven investment strategies, mutual funds, and meticulous risk management techniques, individuals can enhance their investment performance and navigate the financial landscape with confidence, ultimately achieving their financial goals.
Educators We Serve - Client Testimonials
Quinn & Nikki S.
Yucaipa, CA
We have enjoyed the personal 1 on 1 attention to detail and personal touch of working with Thriving Teachers Today. We felt like we have known them forever in our first meeting. They have helped us significantly grow our wealth.
Cody & Halee R.
Xenia, OH
I've loved working with Thriving Teachers Today because just knowing we are on track to hit our financial goals is amazing. Plus as a Teacher, I don't make tons of money but they've gotten us on track for retirement 5 years sooner!
Charlene T.
Glendora, CA
Thanks to Thriving Teachers Today and what they teach I am able to be retired today. They were a big help securing my retirement assets when my husband passed away. Also, even with a world pandemic, when the stock market went crazy, I had peace of mind knowing my retirement was secure.
Cody P.
Eugene, OR
Thriving Teachers Today and its reps have been indispensable mentors. Have 1 on 1 attention, these people have become a friend and I know I can call anytime for anything!
Spencer & Chelsea H.
Saratoga Springs, UT
Our wealth management and life insurance experience with Thriving Teachers Today has been great. They personally took the time to teach us and made sure we understood what we were getting and are helping us create massive wealth for our family tree.
Jim M.
Globe, AZ
Thriving Teachers Today has been instrumental in the success of my early retirement. Because of them, I'm now retired because they doubled what I had in my 403b otherwise I would be teaching til the day I died.
Shannan & Rick R.
Santa Ana, CA
Even though we both teach and make a decent income for our family, without the education that Thriving Teachers Today teaches, we would have worked until the day we died.
Scott & Brooke M.
Burkburnett, TX
These guys have been super helpful for helping us accumulate multiple 6 figures at a young age. What they do really works for any family.
Troy & Heidi H.
Fort Mohave, AZ
As school teachers Thriving Teachers Today has taught us and held us accountable to have more saved than we ever have had. Plus they got us on track to retire instead of working forever.
Thriving Teachers Today
3707 E Southern Ave. Mesa, AZ 85206