Search results

After 50 years of going back to school not this year! I retired yesterday! I am not going back to teach under these conditions. I have been saving for 30 years so it is all good! Good luck to all the poor teachers who can not afford to retire. It is not the virus that is the issue it is the...

College cost my children's college cost per year if I had to pay full cost was more than my yearly income, Notre Dame was more than 60K and my other daughters was more than 40K. Thank goodness for scholarships! My kids hated me for making them apply but when they ended up in the workforce with...

Indiana teachers would have to save on their own to be able to retire on their full pension it is so low is my point. Couple of my friends have said what will you do about health insurance and so on. My answer is always I am willing to pay! HA

Teachers in Indiana end up with less than half their salary which includes SS. The bigger deal might be that the pay is among the lowest in the country to start with. My coworkers that started 15 years ago earn less than 45K with advanced degrees. We do not have a teacher shortage we just have a...

Yes teachers have the option of a 403B that they can contribute to on their own I started mine 31 years ago. 2 of my friends started theirs last year and they are 3 years older than I am.

Yes teachers in Indiana can collect SS.

In Indiana you have to have saved some yourself no Health Insurance and only about of 25% your highest 5 years pay. I would also add that Indiana ranks 50th in teacher pay this last 15 years.

I know very few people in my school these days there is a big gap in the middle people who have been there 30 years and people under 5. Everyone who started less than 15 years ago has never gotten a raise so most leave. I have been subbing on my prep to pad my retirement a bit. (We can not get...

I am amazed that my friends at work are amazed when I tell them I am planning to retire next year. The amazing part is they have the same job and income I do and most say they are in not financial position to retire. These are people that are pension and Social Security qualified. How can you be...

Yes sure of SS have paid in for years. My pension will only be about 2K a month. My parents do have long term care insurance. plan for cash is Roth contribution,savings bonds and set up 72T unless husband waits until 55 then use his 401K money. Thanks on the kids savings, good financial...

No 1 million together. I am trying to figure out FA advisor and his value to me. Same advisor as parents about 1/3 of funds with him. ( My mother is very good with $ she was a pension plan manager before retirement. I am kind of trusting the fact she thinks he is good at his job and worth...

House paid off 10 years ago never any other debt. Last child senior at Notre Dame next year. Oldest employed and on her own. Both children will have good degrees no debt. I will be 50 next year my husband 54. I will not be able to receive full teacher pension until 55. 60 if I stop after next...