Do you have a plan for retirement? At a recent CalSTRS workshop the presenter shared how many teachers' "plan" is to work until they can't stand it anymore and "hope" they had enough to retire on. Guess what? "Hope" is not a plan.
Be familiar with your CalSTRS defined benefit plan. Start by looking at your CalSTRS statement. Have you designated a beneficiary (Page 3)? What about the Defined Benefit Supplemental account listed in the statement? How will you designate this?
How will my Social Security retirement benefits be calculated? Read the details of the Windfall Elimination Provision and the Government Pension Offset and find out how they will affect you in your retirement.