What are you doing about your eventual retirement from work? Does your place of employment have some kind of retirement plan? How much of a priority is retirement-savings for you?
I'm pretty much responsible only for myself right now, so without kids or whatever, I put a high priority on my own retirement. I'm a teacher at a private (non-profit) school that contributes 3% of my salary to a 403(b) account with an organization called TIAA-CREF. 3% isn't much, but it's free money and it's all mine without a vestment period. I also put an additional $150 a month in this account.
The last school I taught at contributed 5% and matched up to an additional 5%, meaning that if I contributed 5% of my pay to my retirement account, I'd actually be getting 15%, two-thirds of that free. There was a five-year vestment period, which, thank goodness, I hit just before I switched schools.
I'm still paying for college and therefore my take-home pay isn't very much, so that hundred-fifty I have taken off the top is something I feel. Still, it amounts to thirty-seven bucks a week and I should be able to do without it. Meanwhile, the market has been kind to both my accounts and I find it encouraging.
So, what have you got set up?
I'm pretty much responsible only for myself right now, so without kids or whatever, I put a high priority on my own retirement. I'm a teacher at a private (non-profit) school that contributes 3% of my salary to a 403(b) account with an organization called TIAA-CREF. 3% isn't much, but it's free money and it's all mine without a vestment period. I also put an additional $150 a month in this account.
The last school I taught at contributed 5% and matched up to an additional 5%, meaning that if I contributed 5% of my pay to my retirement account, I'd actually be getting 15%, two-thirds of that free. There was a five-year vestment period, which, thank goodness, I hit just before I switched schools.
I'm still paying for college and therefore my take-home pay isn't very much, so that hundred-fifty I have taken off the top is something I feel. Still, it amounts to thirty-seven bucks a week and I should be able to do without it. Meanwhile, the market has been kind to both my accounts and I find it encouraging.
So, what have you got set up?
Comment