Pacific United Planning, Inc. | Teachers / Professors
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Teachers / Professors

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19 Sep Student loan forgiveness program guide

For many, student loans represent a significant investment in an individual’s future. Borrowing to complete an undergraduate, graduate, or professional degree program is often the only means to pay for the cost of higher education, as the price tag continues to increase at public and private institutions alike. Currently, more than 44 million Americans have outstanding student loan debt, totaling over $1.4 trillion among them, and these figures make it hard to fathom how student loan balances will ever be paid off. Fortunately, some student loan borrowers have access to valuable forgiveness programs that offset the burden of paying for student debt...

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01 Aug Will I receive spousal or survivor Social Security if I have a government pension?

Will I receive spousal or survivor Social Security if I have a government pension?   Spousal and survivor Social Security benefits. Retirement plans and government pensions. Exceptions and more exceptions. You’re a government employee and you have a government pension coming, but what about your partner’s retirement plan? You may be entitled to some of their Social Security benefits, but does your government pension influence what you receive? It turns out it does, and the government has the details down to a T. First things first. What are you entitled to? You can collect up to 50% of your spouse’s Social Security benefits instead of...

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22 Jun Will I receive Social Security if I have CalSTRS or CalPERS?

Will I receive Social Security if I have CalSTRS or CalPERS?   If you’re a California public school teacher or public employee, you may have asked yourself this very question. In fact, I get asked it a lot from my clients. Understanding your CalSTRS retirement benefits if you’re a teacher or trying to figure out your CalPERS retirement as a public employee is not that simple. So when we start factoring in Social Security, of course there are going to be questions. That’s when the Windfall Elimination Provision comes breezing in. It turns out your tax withholdings and previous jobs make a big...

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27 May How to calculate your CalSTRS retirement benefits

How to Calculate Your CalSTRS retirement benefits   If you ask a California public school teacher what CalSTRS is, they’ll likely respond that it has something to do with their retirement. But for many, that’s as much as they know. In fact, a lot of teachers that I work with have never calculated how much they’re expected to receive from their CalSTRS pension when they retire. Nor do they know when is a good age to retire to maximize their benefits. Why worry about CalSTRS now? As appealing as it may sound now to postpone the retirement discussion, it’s not necessarily in your best...

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10 May Student loan forgiveness for teachers

Student Loan Forgiveness for Teachers   If I were to ask you what your favorite class in high school or college was, you’ll likely recall the teacher more than the class. Teachers have an undeniable influence on education, but higher education isn’t always so kind to our future teachers. With student loans averaging in the tens of thousands of dollars, and average teacher salaries in California starting at around $40,000, it isn’t hard to see that student loans are a major obstacle to overcome. Thankfully, there are student loan forgiveness programs for educators. Keep in mind that these are for federal student loans, not...

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