As A School Teacher, Are There Any Special Retirement Plans I Should Be Aware Of?

  1. 47 POINTS
    Gene Ivanoff
    Licensed Sales Agent, Michigan Insurance & Financial Services, Rochester Hills, MI. 48306
    Being a school teacher/educator a 403(b) is always an option. It is similar to a 401k and you can take advantage of your employer possibly matching your contributions. Your money grows tax free, with taxes paid when you make a withdrawal. Depending on your age, marital status & income, you may also consider an IRA (Individual Retirement Account). Both are great retirement strategies with different contribution limits.
    Answered on October 2, 2015
    flag this answer
  2. 11773 POINTS
    Contact Me
    Larry GilmorePRO
    Agent Owner, Gilmore Insurance Services, Marysville, Washington State
    As a school teacher are there any retirement plans I should be aware of? Probably the first that comes to mind is a 403(b) plan as you usually can set up for payroll deduction through your district. There should be a variety of choices for you through your district. You could consider a Roth plan as well.
    Answered on October 3, 2015
    +0
    1 Thumb up 0
    +1 this answer
    flag this answer
    3. Did you find these answers helpful?
    Yes
    No
    Go!

Add Your Answer To This Question

You must be logged in to add your answer.


<< Previous Question
Questions Home
Next Question >>