Secure your future

April 11, 2013

Where to spend our golden years

Where to spend our golden years? 
Most TRS retirees stay in the NYC area, but some retire as far away as Fiji and Russia.

March 21, 2013

Looking beyond our own lifetimes

In our last column, we explained the many important issues and decisions discussed at a UFT member’s final pension consultation prior to retirement. Now we want to zero in on one of the choices you will have to make.

February 28, 2013

Planning for your retirement

If you are nearing retirement, remember to have a final pension consultation at the UFT before you retire.

February 14, 2013

TRS investments soared in 2012

The year 2012 was a strong one for investments both domestically and worldwide. In keeping with that, the various investment programs of the Teachers’ Retirement System performed very well in 2012. 
 


January 31, 2013

Get set for fight to maintain retirement security

Although the fiscal cliff was averted, it’s too early to celebrate. Republican legislators continue to take aim at working people’s retirement security in order to address the federal government’s ongoing financial needs.

January 17, 2013

IRS relaxes rules for Sandy victims

The UFT, the AFT and our allies were successful in lobbying the Internal Revenue Service to relax its rules and allow members who were hard hit by Hurricane Sandy to take loans and hardship withdrawals from their Tax-Deferred Annuity, their 401(k) and other tax-sheltered retirement savings accounts.

Help loved ones by making end-of-life decisions

Every year as we grow older, we say to ourselves that there are discussions we must have with our parents, adult children or next of kin. Most of us, every year, put off what we fear will be an uncomfortable conversation. We recommend that you put it off no longer. You must have a conversation with your parents, adult children or next of kin — and you should do it sooner rather than later.

December 20, 2012

A financial checkup for the holidays

What kind of financial shape are you in? Find some time over the holidays to give yourself a financial checkup. It will help you ascertain whether you are on the way to a secure financial future and guide you to make adjustments as necessary.

December 6, 2012

The time to start thinking about your summer retirement is now

By far the most common retirement date for UFT members is July 1. Last school year, 3,646 members of the Teachers’ Retirement System retired, and 1,979 — more than 54 percent — retired in July. While members can retire at any time during the school year, most retire during the summer after the school year ends or on Feb. 1, after the fall semester, so as not to disrupt student learning.

November 22, 2012

Competing COLA formula for Social Security would cost seniors

The Social Security cost-of-living adjustment currently is based on the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), which is produced by the Bureau of Labor Statistics. However, there is a movement afoot to change to a different CPI formula, at least one of which would prove costly to seniors.

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