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A word from a veteran teacher

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A word from a veteran teacher
Old 04-24-2019, 09:17 PM
 
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A couple of words actually: Start saving and/or investing for retirement, house, college for current or future kids. Especially for retirement. Many districts have an arrangement with an investment counselor. Even a small amount set aside monthly can grow huge over a 20 to 30 year career.

You'll most likely be getting a step (experience) raise next year, put part or all of it aside for yourself. The ability to retire without fear of living on dog food is an amazing gift.


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Absolutely right
Old 04-25-2019, 06:40 AM
 
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It is nice to know that you have a plan that will enable you to live comfortably in retirement. I have a friend (not a teacher) who never thought about saving any money for retirement. She is now struggling to live on less than a $1,000 a month SS.

I also recommend that you have an emergency fund. It is surprising how badly an emergency can affect your financial security.
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LaFish LaFish is offline
 
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You are so right.
Old 04-30-2019, 07:13 PM
 
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We never thought we could save any money. Now as I get ready to retire and see how many books, CDs, units, and games I purchased, I wonder if that could have been a money market account I should have opened.
Yes, start saving now. Even if it is only a tiny bit. Invest in yourself too, not just your classroom.
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