NC Teachers: Caught in Costly Retirement Quicksand?

North Carolina teachers work hard for their pension—but too many find out late in the game that it’s not enough. Between reduced Social Security, rising healthcare costs, and lifestyle inflation, retirement can sneak up faster than expected.

Here’s how to avoid the most common traps and retire with confidence.

1️⃣ Counting Only on Your Pension
The TSERS pension typically replaces around 50–55% of your working income. That leaves a significant gap, especially when inflation and medical costs rise.

2️⃣ Overlooking Social Security Reductions
The Windfall Elimination Provision can reduce your Social Security payout, leaving you with less than expected. Always confirm how this affects your personal numbers.

3️⃣ Forgetting About Healthcare
Medicare doesn’t cover everything—and long-term care isn’t covered at all. Failing to plan for these expenses can drain your savings faster than you realize.

How to Protect Yourself:

• Contribute regularly to your 403(b) or 457(b).
  
  

• Use an HSA if you qualify—it’s tax-free in and out.
  
  

• Get a Retirement Gap Analysis to see where you stand before you retire.
  
  

Even small changes—like $250/month into your 457(b)—can turn a potential shortfall into a confident retirement.

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You’ve spent your career building the future for others. Now it’s time to build yours. Avoid these traps, plan smart, and stay Retirement Ready.