In this video, I show you how to calculate your CalSTRS pension (for certificated staff in California) and explain the details behind each number. I also clear up some misconceptions, go over some mistakes and tricks that teachers don’t know. I also do a brief overview of the 403(b).
**At around the 36:00 mark, I say 8% CA tax, but it’s supposed to be 9.3%.
#calstrs #pension #calstrspension #certificated #teachers #teacherspension #teachersretirement #retirement #403 #403b…(read more)
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Great info! Thank you!
I am tying to lower my taxable income so that my student loan payment is lower. Will contributing to at 403b help with this, or since it's not mandatory will that still be calculated in my student loan income certification? Not asking for tax advice, just want to know how a 403b affects student loans if at all. Thanks.
Useful tips esp 2nd part of video…thank you. Trying to think thru that formula you created…what's that number for my situation?
Great Video – lot of great information – i will share far and wide!!!