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Reply to "Tired of teacher friends complaining"
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[quote=Anonymous][quote=Anonymous]PP, what do you mean as very nice??? After paying for insurance premiums and taxes you will barely have $2000 per month which had been cut from Your paychecks. [/quote] I'm in another state. My final salary will be about 120K. (high school teacher with two masters degree and I've stayed in one high paying district my whole life) Because I will be 60 years old with 34 years in the system at the point, in my state, I'll get 75% of that final salary and access to reduced cost health insurance the rest of my life. My friends who only have 20 years in will only be getting about 2K a month. It pays to put in the full amount of years. I've also maxed out my IRA's since I was 22 and have a teacher spouse, comparably paid, who has done the same. [/quote]
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