MISS BE HELPFUL’S
FINANCE ADVICE FOR TEACHERS In this quick guide, Yanely Espinal, Teach For America alum (NY ‘11) and financial educator, outlines the top budgetary priorities every teacher should consider.
BOOK AN ADVICE-ONLY FIDUCIARY ADVISOR to support budget planning, raising your credit score, and setting savings and investing goals. Having an advisor will make you feel more secure and well-informed in your financial decisions.
WATCH OUT! Some financial advisors take a percentage of your entire account balance at the end of the year. An advice-only fiduciary advisor charges by the session or hour – like a therapist!
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SIGN UP FOR A 403(B) PLAN AND INQUIRE ABOUT WELLDIVERSIFIED INDEX FUNDS. This helps you spread your money out and buy many different stocks across different industries.
HOT TIP
Always ask which funds come with the lowest expense ratio – meaning, which funds charge you the lowest rate per year. Studies show that the expense ratio is the best indicator of the return on your investment. Think about it like this: the less you pay, the more likely you are to get the best return on your investment.