3 good reasons you'll want to start your 403(b) TSA... Right Now!

 
 
  1. Life Expectancies
    Fifty years ago, the typical retirement lasted 5 or 10 years. Today it's not uncommon for retirement to last 20 years or more! Will you run out of money before you run out of time? A 403(b) TSA can guarantee you a lifetime monthly payout at retirement.
     
  2. Inflation
    At an annual inflation rate of just 4%, a dollar today will be worth about 69 cents in 10 years and about 46 cents in 20 years. At Retirement, having a 403(b) annuity is essential for most Educators just to keep pace with inflation.
     
  3. Inadequate personal savings
    The vast majority of working people do not have adequate personal savings, many live paycheck to paycheck. Pretax 403(b) contributions make it easier to save using the 403(b) advantage.
     
    If you're a woman...
   

Saving as much as you can is even more crucial. Here's why:

1. Women on average live longer than men do. Thus, they need more assets to ensure a comfortable retirement.

2. Women change jobs more frequently and often leave the workforce while their children are very young. Consequently they receive smaller pensions.

3. Because so many women take time off to care for children, they also qualify for less income from Social Security. Today for example, the average full monthly benefit for retired female workers based on their own earnings is 77% of the average for men.

Source of Data:
National Center for Healthy Statistics
Social Security Administration
OASDI Trustee Report

 

     

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Email: edw@tsaplan.net

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