Preparing for Retirement as an Educator

Resources

TRS website: https://www.trsil.org/

Illinois State Tax: https://tax.illinois.gov/research/taxrates/income.html

Rule 72: The Rule of 72 is a calculation that estimates the number of years it takes to double your money at a specified rate of return . If, for example, your account earns 4 percent, divide 72 by 4 to get the number of years it will take for your money to double.