Here is a link for the WV Teachers’ Strike Fund https://www.gofundme.com/wv-teachers-strike-fund
November 9th 403b Workshop
Hear Ye! Hear Ye! Brookline Educators
Presenting the 403b,
To Be…Or Not To Be Enrolled
Should Not Be The Question!!
SIX COMPELLING REASON TO ENROLL IN A 403(B)
- A $500,000 dollar nest egg: A 25 year old teacher who invests $200.00 monthly for 35 years – assuming an 8% return – will accumulate a nest egg of almost $500,000 by age 60.
- Investment grows tax free: All earnings, dividends and capital gains grow tax free until 70.5!
- It lowers your taxable income: If you earn $50,000 per year and contribute $5,000, you only pay taxes on $45,000, a possible savings of $1,000 a year!
- Pensions don’t come with a lifetime warranty:
- Assuming the historical inflation rate of 3%, the purchasing power of $60,000 dollar pension would be reduced by $27,000 in 20 years, leaving you with a meager $33,220.55 a year.
- Three out of five retirees will outlive their assets!
- You need a back-up plan: Over 40% of teachers leave the profession before becoming eligible for a full pension.
- It’s quick, easy and painless: Bring your smartphone and laptop, and you’ll be enrolled in a Vanguard 403b by the end of the meeting!!!
A BEU sponsored 403(b) enrollment workshop will be held in the Pierce School faculty room on Thursday, November 9 at 3:15 pm. Questions: Contact BEU Financial Consultant, Bob Miller, odysseus7@comcast.net.
Click here for the flyer: Brookline Educator Flyer November 9
Open Enrollment for Long-Term Disability Insurance Extended Until Dec. 22
The Brookline Educators Union is pleased to announce a special open enrollment period for our group Long Term Disability program with Assurant. This open enrollment will take place from now through Wednesday, December 22nd (it has been extended). Our Long Term Disability program is designed to pay monetary benefits (60% of your salary tax free) for extended periods of time (to age 65 or beyond) when an injury or illness prevents you from earning an income.
Employees that sign up for the program during this special open enrollment period may do so on a guaranteed issue basis. This period is very important as employees can enroll in the program without having to complete a medical evidence of insurability questionnaire.
Download the packet for more information and the enrollment form:
403(b) Enrollment Meeting
Thursday, October 5th, 3:15 p.m., BHS Lunchroom
The BEU is sponsoring a 403(b) enrollment meeting. Bob Miller will walk you through the enrollment process! The process will take approximately an hour. Start saving now! Retired Devotion teacher Bob Miller is the BEU Financial Consultant (Bob Miller from Heath is BEU vice-president). Save the date!
BEU Protests at DeVos’ School Choice Speech
On Thursday, September 28th, Betsy DeVos’ School Choice speech at Harvard was met with protesters! Click the post title to find the link from WBZ, read the article, and see the video with BEU members featured!
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