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Reply to "Can a teacher give up her lucrative side hustle? "
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[quote=Anonymous][quote=Anonymous][b]Some background: [/b] I'm a 33 year old single teacher in NOVA. I am trying to see if I can stop working at my fairly lucrative hide hustle and just rely on my school salary. I currently make around $83,000 from my NOVA school district and after taxes take home another $50,000 from my side hustle of tutoring. I really like the side hustle's money, but am [b]SO [/b]tired from the nights and weekends. Does DCUM fam think I have enough saved up so I don't have to keep my side hustle or can slow down? [b]Finances: [/b] Cash: $30,000 Taxable Brokerage: $185,000 403b: $126,000 457: $63,000 Roth IRA: $90,000 My home is worth about $615,000 and I owe about $450,000 on it. I currently max out my 403b, Roth IRA, and contribute $2,000 a month to my taxable brokerage account. [b]Future Plans [/b] Not really into getting married but may become a Single Mom by Choice one day. I plan on staying with my district and will get a pension paying about 70% of my salary when I retire in my mid 50s. Does DCUM think I can pull the trigger and stop tutoring? [/quote] Is this for real? Those pension numbers are SIGNIFICANTLY more generous than MoCo counterparts. [/quote]
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