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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I hope young teachers are advised when they start working to have a Roth IRA and an investment account as well because pension alone won't be enough for them since they won't be eligible for social security [/quote]

I love that you think there's enough money for an investment account AND roth ira. That's sweet. [/quote]

Roth is $7k max per year. For investment account as little as $100/month is possible. Are you telling a teacher can't do that?[/quote]

Maybe older married teachers without kids or with kids out of college but I’m a single teacher trying to pay for my kid’s college. Once she graduates I’ll be able to take that money and put it in a Roth and my 403b. I’ll be 50 by then so I’ll probably keep my second job and use that for the catch up. [/quote]

My friend is in the same position. His youngest just graduated college. He turned 56 last Saturday and we were going over his investment strategy. He now has an extra $2k at least than he can invest every month. He plan to retire at 65. He is sadly starting with $0 in Roth. He does have a pension, but no SS. He is a great guy. This country can frankly pay it's teachers much more, but that's a debate for another day.[/quote]

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