cooper barrett |
03-05-2018 09:32 PM |
Quote:
Originally Posted by displacedinMN
(Post 13452220)
I am 49. Hoping to retire at 56-57 when the kids are out of college. By that time I will have taught Middle School for 35 years. I also hope that I have enough different pots of money that I can live comfortably.
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Does your district have a program to retire you early?
My ex was offered a chunk of cash to retire that went into her MO State retirement account and her wallet, Somehow it was divided up as mostly pre taxable income added to her retirement account, made a huge difference in her retirement income. She got a nice gold watch and a fat check too. Plus she was an employee for my company for 20 years and teaching summer classes. So she will be able to draw a SS income and medicare benefits when she turns 65
She was teaching ECD, She maxed the pay scale out every year for 20 years. The retirement benefit alone on her salary was over $20K a year. So when it came down to brass tax, she was costing them well over $100K yr.
Not a bad gig at 52 to retire well as a teacher,with no waiting until she is 65 BS plus the assets we split.:shake::shake:
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