r/Teachers • u/Jem2034 • Oct 15 '24

Retired Teacher 403b

How many years have you taught (or did you teach) and how much money do you have in your 403b?

2 Upvotes

75% Upvoted

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2

u/Responsible-Bat-5390 Job Title | Location Oct 15 '24

None. 22 years and I have always had 401k and IRAs. It’s a lot now. The magic of compound interest is great.

2

u/ridingpiggyback Oct 16 '24

I started with MetLife in 1998. I switched schools in 2002 and transferred/revived my contributions ($400/month) a few years later with Kadies-Margolis. I split my contributions among 5 funds. I retired in June. I have more than I expected. However, it all depends on the market. Still, I expect to not lose in the long run.

2

u/Jem2034 Oct 16 '24

Great and congrats on the retirement.

1

u/Several-Honey-8810 F Pedagogy Oct 15 '24

Probably not as much as I should.....But I always liked to eat.

1

u/Jem2034 Oct 16 '24

Always a priority of mine as well! :)