alpacajohn
Confused about dryer sheets
- Joined
- Dec 1, 2016
- Messages
- 4
Hi. I am 34 and married-we are debt free (I finished paying off 70k in student loans). I make 89k and my wife makes 65k a year. We have about 70k in cash, 175kin mutual funds, and 50k in IRAs. I am also vested in the PA teachers state retirement system (7 years), and now 2.5 years into the CA teachers state retirement system. We rent at ~2k per month, and may end up moving over the next 3-4 years back to the east coast so we aren't looking to buy a home. We are family planning and hope to have two kids, and the first within a year if everything goes according to plan. At this point my biggest question is what to do about the PA pension. If we move back to the east coast we probably won't be going to PA, so I won't be getting back into that system. My gut is not to touch it but it's certainly a shame to have had my years split between two systems. The more I read about 403bs, the option presented to teachers, the more I think they should be avoided at all costs because of the fees. My instincts are to just keep maxing out IRAs each year and slide extra savings into low risk Vanguard funds. I don't have any sort of retirement date in mind and I haven't played with the calculators at all-it feels so far away-just want to keep saving maximize returns along the way.
Any advice humbly and greatly appreciated about my pensions, my overall plan, what I should do with extra savings, Vanguard funds, whatever.
Happy to be here and thanks in advance. Very inspired by many of the posts and hearing about people's progress.
Any advice humbly and greatly appreciated about my pensions, my overall plan, what I should do with extra savings, Vanguard funds, whatever.
Happy to be here and thanks in advance. Very inspired by many of the posts and hearing about people's progress.