Hi ladies, I know we have a lot of teachers here, so, here is my question about saving for retirement:
Do you save just in your basic plan (7.5%??) or do you also save in a RSA-1 account? If so, how much do you contribute? I'm a new full time teacher and I'm lost! When I was informed that they only take 7.5% for retirment I though it is not enough. Am I wrong? Any ideas? Recommendations? Is the RSA-1 a good retirment plan?
Post by UMaineTeach on Aug 28, 2012 17:19:18 GMT -5
right now I just save in the state pension system for teachers. I don't know how much they take out, I don't get a choice on %, so I have never calculated it.
I should get a secondary retirement account. I don't know what a RSA-1 is.