What Is Cash Value Life Insurance and Can It Supplement a CalSTRS Pension in Retirement?
California educators may enter retirement with a valuable pension, but a pension may not cover every expense, family responsibility, or legacy goal. At Peak Solutions Financial, we help educators look at their complete financial picture, including their pension,...
How Are Inherited CalSTRS and Pension Benefits Taxed in California for Surviving Spouses?
Losing a spouse brings emotional and financial decisions that can feel overwhelming. If the deceased spouse was a California educator, the surviving spouse may receive monthly CalSTRS survivor benefits, a one-time death benefit, remaining retirement contributions, or...
How Can You Review and Update Beneficiary Designations on CalSTRS, 403(b), and Life Insurance Accounts?
Beneficiary designations determine who may receive certain financial benefits after your death. For California educators, these instructions can affect pension death benefits, supplemental retirement savings, and life insurance proceeds. Many teachers complete...