One of the most consistent requests I receive from new educator clients (as well as other government employees) is to run an analysis to see if it makes sense for them to buy (or repurchase) service credit. It used to always make sense, but today there are fewer purchase options and in most cases the cost has increased to the point where they would be better off saving in a 403(b). But not always. I still come across situations where it not only makes sense to make the purchase, it would be crazy not to.
Buying Service Credit Can Be A Slam Dunk
Buying Service Credit Can Be A Slam Dunk
Buying Service Credit Can Be A Slam Dunk
One of the most consistent requests I receive from new educator clients (as well as other government employees) is to run an analysis to see if it makes sense for them to buy (or repurchase) service credit. It used to always make sense, but today there are fewer purchase options and in most cases the cost has increased to the point where they would be better off saving in a 403(b). But not always. I still come across situations where it not only makes sense to make the purchase, it would be crazy not to.