Big changes are here for teachers planning their retirement!
In this episode of The Teacher Money Show, I talk with David Gourley—former high school math teacher turned financial planner for educators—about the recent repeal of the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) and what it means for teachers across the country.
These long-standing Social Security provisions have reduced or eliminated benefits for many public school educators. With their repeal, teachers in affected states could now see a significant boost to their retirement income.
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https://www.teachermoneyshow.com/show86
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In this show, we dive into:
-What the WEP and GPO were, and how they impacted teachers' Social Security benefits.
-What the repeal means for teachers nearing or already in retirement.
-How to earn Social Security credits through side jobs or non-teaching work to maximize your retirement benefit (and if you should!)
-When to take Social Security benefits and how to coordinate them with your pension
-Tools and resources teachers can use to plan smarter for retirement
Whether you're close to retirement or just starting out, this episode helps you understand how these policy changes could impact your financial future—and how to make the most of them.
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