In a country were 76 percent of teachers are women, we’d expect to see females as lead earners in a state’s public school system. But that isn’t the case, and that same gender wage gap extends into retirement.
Shirley Ben-Ami was a teacher for nearly 35 years. She taught fourteen and half years in the New York City Public Schools and spent the last 20 years in Montgomery County, Maryland. In the following interview Ms. Ben-Ami talks about her experiences in the classroom and when it was time for her to retire.
While nearly all of us could benefit from a brush-up on retirement saving practices, teacher-specific advice is hard to come by. To better understand how best to tackle the unique challenges educators face, I connected with NerdWallet's Arielle O'Shea.
Saving for retirement is hard enough, but states are forcing teachers into complex decisions about how much their pension might be worth in the future. Data from Illinois suggests many teachers are struggling with those decisions.