Tax Deferred Savings Plans Vendors

[Mulligan]

Quote:

Originally Posted by Bri Bri Burgs My boyfriend's school district pays into social security, my district does not. When I find out the specific plans that are offered to me under TIAA and for my boyfriend under USAA, I will let you all know. LOL I appreciate the book suggestions. As soon as I get a chance, I will look into purchasing one, if not both. I can't thank you all enough!

I guess your state has separate pension systems? I forgot but mine does too. The metro areas are tied into SS, but the outstate is like yours. If your system is like mine, be careful about transferring into a separate pension system down the road if you ever leave your district and you are vested in the system. You could get caught up into a trap where you lose part of your expected SS from the new district because of the WEP from your current pension.


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[Bri Bri Burgs]

No. Anyone who works as a teacher in a public school in Georgia pays into TRS. Most districts opt to not pay into SS, but there are a few that still pay into it. To be honest, I think my bf is going to lose his SS just because no one know the future of SS, but I'm not sure he can opt out of it, and quite frankly, I don't think he would choose to not pay into it.

Since I don't pay into SS, I want to have multiple options for saving, and I know that with TIAA, once you're in it, you can stay in it, regardless of whether or not you continue to work for the company you opened it under.