As a teacher in Alabama, relying on their pension plan can seem like the safest option. In reality, having multiple streams of income and savings is essential to build their retirement dream.
In this episode, Jack Burnette and Alison Castellano explore retirement planning for Alabama teachers and the limitations of teacher pension plans. They explain that the plan is a defined benefit plan with two tiers, and discuss the benefits, contributions, and payout options depending on different factors.
Jack and Alison focus on: 

How the teacher pension plan is funded and its structure
The difference between tier one and tier two employees in terms of payroll deductions and benefits
How do the different tiers impact their retirement age and funds
Personal experiences and mistakes shared by Alison regarding relying solely on a pension and not starting retirement savings early enough
And more

Connect with Jack Burnette:

LinkedIn: Jack Burnette
Email: Jack Burnette
RFG Advisory
LinkedIn: RFG Advisory

Connect with Alison Castellano:

LinkedIn: Alison Castellano

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