Close to Retiring? These 3 Facts About Your TCDRS Account Will Give You Confidence

When you get closer to retirement, the ups and downs of the market can be scary. But at TCDRS, we’ve made it our mission to help you retire with confidence.

By Rebecca L. Bennett

 

We strive to help you feel as prepared as possible to enter retirement. Here are three specific reasons why having a TCDRS account should help you breathe a little easier as you enter this exciting new chapter.

Lifetime Benefit

When you become eligible and choose to retire, the payments you begin receiving from TCDRS will continue for the rest of your life. Your account balance and the benefit payment option you select determine the amount of your payment.

Once you make this selection, your benefit payment becomes fixed for life, meaning you can rest assured that your payments will never stop — even in uncertain economic climates.   

TCDRS’ Strength and Stability

We have a long-term view when it comes to managing our investments. Our investment horizon of 30-plus years helps us weather short-term economic storms and has helped us maintain our strong track record of dependability for more than 50 years.

Your account is not impacted by the ups and downs of the market. You continue to earn 7% set by statute regardless of the markets.

Easy Account Management at TCDRS.org

As a member, you may already know how fast and easy it is to manage your TCDRS account by registering online at TCDRS.org.

But did you know that you can use the TCDRS Member Portal after you retire, too? We’ve made sure our retirees can quickly accomplish just about everything in their online accounts, including updating banking and contact information, changing tax withholding and accessing account documents.

Check out our guide to see all the things you can do online as a retiree!

And remember, we’re always here to help. If you have questions about your TCDRS account, give us a call at 800-823-7782 or schedule a free online counseling appointment.

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