Review of your current IPERS statement.

Discuss your life and retirement situation and circumstances.

Identify when you can receive full benefits (rule of 88, etc.).

Compute an estimate of your monthly benefit amount.

Discuss how to invest your other investments alongside IPERS.

Create a basic cash flow statement of income and expenses when you decide to retire from IPERS.

Discuss other important issues like Social Security options, health insurance, withdrawing from other retirement accounts, and more.

Review of your current tax return.

Receive a tax summary report based on the current return.

Estimate for next year’s tax year based on any known changes in your situation.

***Note: We at Teacher Wealth do not file tax returns. Nor do we give tax advice. We stay in our lane and offer tax planning because almost every financial decision has a tax consequence (positive or negative) that should be considered with all of the other relevant things. Working with a qualified tax professional as well is advised.

Identify your current loans and details like interest rate, repayment plan, etc.

Review potential eligibility of options like Public Service Loan Forgiveness (PSLF), income-driven repayment (IDR) plans, teacher loan forgiveness, etc.

Walk you through the process of consolidation and/or certifying employment for PSLF if needed.

Compare strategies like income-based repayment, forgiveness options, and filing taxes separately, to determine the best course of action for you.

If married, and your spouse also has student loans optimize a plan that will work best for you together based on your unique situation.

Usually consists of 2-3 meetings.

A financial planner will walk you through the college planning process.

Can be done at any time but probably the best time to start planning is during a student’s sophomore year in high school.

Includes access to college planning software that will help you throughout the entire process.

The software will find accurate net costs of colleges based on your unique financial and student’s academic situation.

Uncover goals for you as parents and your student.

Identify what colleges think you can afford. (Student Aid Index)

Search for schools that give the most financial aid for your student’s specific situation

Create a college list.

Identify how to pay - where will the money specifically come from?

Identify how much student loans are likely needed for each school. (A great thing to show your student!)

Help decide what type of student loans to get if borrowing is needed.

Choosing a college for many families is the largest purchase they will make in their lives (along with buying a home). You definitely want to have net cost as one of the things considered when making a decision.

So many families don’t consider finances until it is too late.

This is understandable because most families don’t find out the true cost of their college choice until Spring of the student’s senior year of high school. Often after a student has made their decision.

This is the cost of meeting with a planner at Teacher Wealth.

You decide what is discussed and what issues to get help with.

If your household income is less than $100,000 per year, this hourly fee is discounted on a sliding scale.

Access to the Elements financial monitoring phone app and scorecard.

Receive at least 1 email per week about how to move toward success in your financial journey.

Access to a knowledge base (videos, articles, checklists, guides, etc.) that is designed specifically for the Iowa teacher. Much of this is relevant to non-teachers as well!

Access to research-based financial assessments to learn more about your financial attitudes/behaviors. These include Building Wealth Test, Money Scripts Inventory, Investor Risk Profile, and more.

Member discount to hourly rate if need one-on-one financial advice with a financial planner.

A review of your current situation with recommendations for how to improve your future path.

Includes analysis of various parts of your financial situation. (Cash Flow, Investments, Taxes, Insurance, Retirement, Estate Planning, and more.)

This is for someone who wants a comprehensive look at their financial situation but nothing more. No investment management, monitoring, or follow-up services come with this plan. These can be considered after plan delivery if requested.

For someone who wants to make sure their investments and portfolio are appropriate for their current situation and future financial goals.

Risk tolerance review.

Diversification analysis.

Fee analysis on portfolio and investments.

Recommendations to optimize portfolio to financial goals.

For first-time homebuyers or those wanting to purchase a more expensive home.

Will give context on what is appropriate (or not) using income, debt, and other ratios.

Helps buyers identify all costs of home ownership.

Buying “too much home” is a common problem that can negatively affect a family’s finances and future goals because of the long-term financial obligation this creates. You definitely want to get this big purchase right!

Will look at your current life insurance policies and explain what they are and how they work.

Assess how much life insurance you need.

Help you understand the different life insurance options there are for you to choose from.

**Teacher Wealth does not sell life insurance so you are getting a perspective without the conflict of interest of us earning commissions on the product that you may end up purchasing. The fee you are paying is solely for this non-biased advice.

Will look at your current insurance policies and help you understand the coverage that you have.

This will include private policies and insurance coverage you have as employee benefits at your work.

Determine any areas where you are underinsured (or overinsured).

Life Insurance

Disability Insurance

Liability Insurance

Property Casualty Insurance

**Notice that a deep dive into health insurance is NOT part of this analysis. (That can be done as an extra service.)

**Teacher Wealth does not sell insurance so you are getting a perspective without the conflict of interest of us earning commissions on the product that you may end up purchasing. The fee you are paying is solely for this non-biased advice.

Will look at your current health insurance coverage and help you compare them with other options you have through your employer.

There is often not a clear-cut best choice went it comes to this decision. Each choice has advantages and disadvantages.

This service helps you understand the advantages/disadvantages of each option so you can make the decision best for your family.

**Teacher Wealth does not sell insurance so you are getting a perspective without the conflict of interest of us earning commissions on the product that you may end up purchasing. The fee you are paying is solely for this non-biased advice.