Sharon's Story

I retired with a full pension from teaching at the age of 47. I am asked quite often when I started the planning and who helped me.

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We plan our daily lessons, dinners, parties, vacations…..Why not plan for our retirement, too?  About 10 years before I retired, I sought the help of the Ameritime of Educator Specialists.  My husband, Joe, and I met with a team of specialists that laid out the PSRS in easy to understand visuals and terms.  The team […]

Sharon's Story

Our Control Option Team with Resource One has taught Joe and me that financial planning is NOT a “cookie cutter” approach. Each individual / family has their own financial picture.

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Our Resource One Control Option Team took the time to get to know Joe and me along with our children.  We discussed our short term and long term goals and the futures of our children (generational planning).  With the team’s help, we captured a “picture” of information such as our taxable assets, tax-deferred assets, our […]

Sharon's Story

Thanks to my Ameritime team of Educator Specialists for helping me understand and follow thru with the purchase of three years of service credit towards my retirement.

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For me, the most advantageous strategy to purchase years was by directly transferring money from my 403b to my account at the PSRS. I didn’t really see that as a cost, because in essence, I really just transferred money from one pocket (403b) to another pocket (my PSRS account). Note: For individuals who do not […]

PSRS & PEERS

PSRS / PEERS – What is it? How do I benefit?

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PSRS – Public School Retirement System of Missouri PEERS – The Public Education Employee Retirement System of Missouri  The questions roll in as educators begin to explore and understand our Missouri retirement system.  (By the way, we have one of the BEST retirement plans in the country.  It is definitely worth getting to know.) Did […]

PSRS & PEERS

MISSOURI PUBLIC SCHOOL TEACHERS and SOCIAL SECURITY THE WEP — The Problem, The Rationale, The Formula, The Reality

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The Problem Missouri Public School Teachers who are in the PSRS generally DO NOT pay into Social Security. But many educators also have worked other jobs where they DID pay into Social Security. Many therefore DO qualify for Social Security benefits. However, Social Security has rules for those who receive both a pension where they […]

Social Security

MAJOR SOCIAL SECURITY CHANGES FOR 2020

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COST OF LIVING INCREASES (COLA) Social Security has announced that there will be annual COLA for 2020 of 1.6%. Last year, 2019, the COLA was 2.8%. All Social Security recipients — whether on one’s own retirement benefit, a spousal benefit, a divorced spousal benefit, a widow or widower benefit will receive this 1.6% increase. Even […]