Stillwater007
Recycles dryer sheets
- Joined
- Dec 30, 2020
- Messages
- 68
Hello everyone and Happy NYE,
I am relatively new to this site and have found it helpful so far!
I am a public school counselor in Texas and will be eligible to retire and receive a pension 5 years from now. I do have 30k in an tIRA and 9 months in savings, but after following wise advice, I am in position to be able to save and invest about 40% of my gross pay. Aside from a modest mortgage, I have no debt.
For educators on here who were able to retire early, what savings/investment strategies have you done to make early and current retirement achievable?
What are your thoughts on 403b and 457s which my District offers (Vanguard is an option)?
And did you do a ROTH or Traditional? This one is tough for me to determine because I am near the top of my tax bracket and when I retire, I will be in the same bracket, but near the bottom.
I appreciate the advice from educators and others that have knowledge regarding Educators.
Thank you and may everyone have a better New Year!
I am relatively new to this site and have found it helpful so far!
I am a public school counselor in Texas and will be eligible to retire and receive a pension 5 years from now. I do have 30k in an tIRA and 9 months in savings, but after following wise advice, I am in position to be able to save and invest about 40% of my gross pay. Aside from a modest mortgage, I have no debt.
For educators on here who were able to retire early, what savings/investment strategies have you done to make early and current retirement achievable?
What are your thoughts on 403b and 457s which my District offers (Vanguard is an option)?
And did you do a ROTH or Traditional? This one is tough for me to determine because I am near the top of my tax bracket and when I retire, I will be in the same bracket, but near the bottom.
I appreciate the advice from educators and others that have knowledge regarding Educators.
Thank you and may everyone have a better New Year!