Today, the average retired teacher has less than $1,800 per month to take home from their teacher retirement system after STRS reductions, taxes, health insurance premiums, and other necessary options are deducted. This is an American travesty! According to a USA Today opinion poll: 78% of retirees polled “wished they had planned better for retirement,” 42% “wished they had saved more money,” and 37% “wished they had opened an IRA or contributed to a 403(b).” Retirement Supplements for school employees were established by the IRS in 1958, and after 50+ years, only 25% are saving for their future.
No one can live with dignity on a take home retirement income of $1,800 per month! ValuTeachers is committed to the crusade of helping teachers improve their bottom line at retirement.