Surprised to hear you can max out 401k and Roth on a teacher’s salary.

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Jan 15, 2021
11:53:58am

doups3 Playmaker

Don’t teachers make like 50k? Maxing out 401 and Roth would be like half the salary every year.

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doups3

Bio page: doups3
Joined: Jun 29, 2010
Last login: Apr 29, 2024
Total posts: 1,798 (65 FO)

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Messages

Author

Time

There is a balance between living responsibly to set yourself up for long-term

garyfan

1/15/21 9:57am

100% true.

macdizzle

1/15/21 10:02am

Thanks for this post. I feel like we are just getting to a place where we have

Shinshin

1/15/21 10:07am

Amen. I'm approaching 50, and I'm still learning to not be such a tightwad. I've

PGVikingDad

1/15/21 10:07am

The odds of me having the physical ability to do much of anything after age 60

Jay Rick

1/15/21 10:08am

Experiences makes sense, but stuff less so

Gustav

1/15/21 10:14am

I think spending on experiences with family should have been a higher priority

grosven

1/15/21 10:14am

I don't think he's saying "live as a student until you have it made". I think he's saying "live within the means of

unctoothman

1/15/21 10:16am

Right, seems like more people want to live the way their parents do

Gustav

1/15/21 10:19am

Reminds of my one of my fellow residents from back in the day

Medute

1/15/21 10:17am

Absolutely. I've posted this before, but my wife's family growing up

Adwight

1/15/21 10:32am

Surprised to hear you can max out 401k and Roth on a teacher’s salary.

doups3

1/15/21 11:53am

It's more than that and they contribute 10% of my salary into the 401k.

Adwight

1/15/21 12:00pm

Yep, middle ground is critical here

jhingman

1/15/21 10:38am

Yep.

Gerald-DeGroot

1/15/21 11:43am

As with most things, the earlier you start the better off you are. If you go

Spine

1/15/21 5:55pm

Story from BYU professor who had recently lost his wife at the time.

Powerbait DPM

1/15/21 10:22pm

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