How else to start saving for retirement other than the state pension system?
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Anonymous
| I started teaching in MD last year and we have a mandatory 7% contribution to the MD State Pension System. I am almost finished paying off my student loans and want to start saving that extra money in a retirement fund. Any suggestions for me? |
Anonymous
|
If you don't get a specific referral, perhaps you can locate a financial planner near you:
http://www.fpanet.org/PlannerSearch/PlannerSearch.aspx Congratulations on starting teaching and good for you for thinking ahead! |
Anonymous
| Vanguard IRA, preferably a Roth if you qualify. |
Anonymous
| T. Rowe Price (Roth) IRA...I did it at 23 and making 29K. Minimum of $50 a month autopayments. I think its up to $100 a month now. I had intended to go with Vanguard, but they required $1000 initial investment, which I did not have at the time. 6 years later, I'm so glad I started! |
Anonymous
| When I was a State employee, we were offered a 457 plan (with a meager match). Is that offered to you? No penalty for early withdrawal. |
Anonymous
+1 |