The district matches another 14%. I'm from Missouri, which has one of the best teacher retirement systems in the country. When I retire, assuming I don't have a mortgage, my pension will likely be enough for me to carry on living a normal life. Nothing fancy, but it will be enough.
With that being said, I don't really know if I should start investing or putting money into a 403(b) or what. I would certainly prefer to be wealthier when I retire (I'm 35 now), but I also wonder if it's worth restricting my already low income even further. I make about $48,000 annually at the moment. I'll move up to administration before long and make more, but at the moment, that's where I'm at.
If I wanted to retire with, say, $200,000, in addition to my retirement, what would be the best course of action? I read a lot of personal finance but I get pretty confused when the retirement talk starts because of the teacher retirement system already taking a lot out of me.
Thanks.
Submitted August 11, 2022 at 06:38PM by teacherman0351 https://ift.tt/l8H0vuk
