TRS New Member Video: What You Need to Know about Retirement Right Now

Welcome to TRS! This video is for members with 0-5 years of service or any TRS member that would like a refresher. Winston Buckley, TRS Communications & Outreach Director, takes you through the basics of your Teachers Retirement System of Georgia benefit and how it impacts you & those that depend on you financially. You'll also learn things that are important to your career and financial planning overall. At the end of this video, we'll give you action steps to take right now to set you up for financial success! Don't forget to like, subscribe to our channel, and share this video.
#retirement #retirementplanning #newteacher #compoundinterest
Time Stamp
00:05 Intro
00:30 Defined Benefit Plan & TRS Formula
01:25 How Much Will Your TRS Benefit Be?
2:35 When can You Retire? You Have Three Options
3:50 What is Creditable Service?
5:03 The Importance of Unused Sick Leave
7:16 Being Vested & Contribution Withdrawal Options
8:17 Contribution Withdrawal Example
9:19 Your Beneficiaries
10:10 Financial Questions to Ask Yourself, Maximizing Your Retirement Benefit, & Budgeting
13:19 Magic of Compound Interest
14:55 Review & Action Steps
This video covers the topics TRS members need to know about retirement in your first years of teaching or being in the education field. This includes an introduction to compound interest, financial questions you must ask yourself, how much will your retirement benefit be?, and more.
You may also want to join us on our other TRS social media channels for updates and information on your retirement benefit:
/ trsgeorgia
/ trsgeorgia
/ state-of-georgia-teach...
podcasters.spo... (Listen to the TRS podcast - Your Retirement in Focus)