For seasoned school employees, retirement saving can be just as intimidating as it is for younger staff. After providing for yourself and family — housing, transportation, groceries, and utilities — there’s not a lot left. So even though you knew that saving for retirement was important, you’re worried that you haven’t put away as much as you should have.
MRIC can help.
MRIC is dedicated to helping public school employees improve their retirement.
First, regardless of your age and circumstances, it’s always a good idea to save for retirement. Second, tax laws allow adults 50 and over to “catch up” by making larger contributions to their retirement plan. While it would’ve been better to start early, financial advisors from our suite of core vendors can help you develop a financial plan using strategies designed for late investors like you.
You don’t pay tax on allowable contributions in the year they were made.
MRIC is dedicated to helping public school employees improve their retirement. We can help you start or add to your retirement plan by demonstrating different strategies that incorporate benefits unique to you as a public school employee.