Teachers Face Retirement Challenges: Many Struggle with Financial Preparedness

Key Takeaways Many teachers who save for retirement don't know a lot about their pension plans, which makes it hard for them to tell whether they’re truly on track. State support for teacher pensions varies widely, which means two teachers in two different states can have very different levels of retirement security. High fees in 403(b) plans and low salaries make it difficult for teachers to build savings on top of their pensions, though lower-cost options are available. It's true that every teac ...