The Financial Lady Bridgett Springer LLC has partnered with Teacher’s Pension (TP) to provide comprehensive retirement education at no cost to district employees.
Learn more about Teacher’s Pension: www.tpensions.com
As a family-owned business with deep roots in education—including family members who are educators and administrators—we understand educators’ unique retirement planning challenges.
Services
Comprehensive Financial Services
We offer expertise in multiple areas crucial to educators’ financial wellbeing:
Retirement Planning
- TRS Benefit Optimization
- Supplemental Retirement Strategies
- Social Security Coordination
- Retirement Timeline Planning
Estate Planning
- Will And Trust Guidance
- Beneficiary Designation Review
- Asset Protection Strategies
- Legacy Planning
Tax Strategy
- Tax-Efficient Retirement Planning
- Deduction Optimization
- Distribution Planning
- Tax Bracket Management
Insurance Planning
- Life Insurance Analysis
- Long-Term Care Options
- Disability Coverage
- Health Insurance Coordination
Education Planning
- College Savings Strategies
- 529 Plan Guidance
- Scholarship Opportunities
- Financial Aid Planning
Student Loan Solutions
- Loan Forgiveness Programs
- Repayment Strategy Optimization
- Refinancing Options
- Public Service Loan Forgiveness (PSLF) Guidance
TRS Formula Breakdown
Your TRS retirement benefit is calculated using this formula:
Years of Service × 2.3% = Total Percentage
Total Percentage × Average of Highest Salaries = Annual Benefit
Annual Benefit ÷ 12 = Monthly Benefit
Example Calculation
Let’s look at a teacher with:
- 32 years of service
- $60,000 average salary
Calculation:
- 32 years × 2.3% = 73.6%
- $60,000 × 73.6% = $44,160 annual benefit
- $44,160 ÷ 12 = $3,680 monthly benefit
After typical deductions (taxes, health insurance):
- Estimated take-home: $2,900-$3,100/month*
(*Actual amount varies based on tax bracket and selected deductions)
Texas teachers typically don’t contribute to Social Security
If you’ve earned Social Security benefits from other jobs, WEP may reduce your Social Security benefit
WEP reduction can be up to $512 (2024) of your Social Security benefit
The reduction cannot exceed 50% of your TRS pension
2025 Contribution Limit:
$23,500
$23,500
Access Your TRS Account:
MyTRS Login Portal
MyTRS Login Portal
- Specialized Knowledge: We understand both TRS and Social Security implications
- No-Cost Education: Comprehensive retirement planning education at no cost
- Family Perspective: Our personal connection to education drives our commitment
- Holistic Planning: We consider all aspects of retirement, not just TRS benefits
Our comprehensive approach includes assistance with:
- Investment strategy development
- Risk management
- Cash flow planning
- Debt management
- Medicare coordination
- Social Security maximization
- Child savings plans
- Long-term care planning
- Retirement income strategies
- Healthcare planning
Don’t wait to start planning your secure retirement:
Schedule Your Free 30-Minute Consultation:
Review Our Services:
Access Your TRS Account:
Get Personalized Answers To Your Retirement Questions
Receive A Complimentary Benefits Analysis
- All estimates are based on current regulations and may change
- Individual circumstances may affect actual benefits
- Always verify specific details with TRS directly
- Regular consultation ensures optimal retirement planning
Teacher’s Pension is committed to supporting dignified retirement for all district employees through high-quality, product-neutral retirement education.
Disclaimer: While we strive to provide accurate information, always verify specific details with TRS. Calculations are examples only and may not reflect your actual benefits.
Last Updated: October 2024