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KS13
Life is good.
Member since 6/10 1203 total posts
Name:
K
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retirement contribution question
NYC DOE teachers- how much do you contribute to your retirement? My husband (who is a teacher) does 10%. If I do that much I wont be taking home enough.
Does anyone do less than 10%?
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Posted 7/27/16 2:04 PM  |
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NicoleF219
LIF Infant
Member since 5/12 232 total posts
Name:
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retirement contribution question
Do you mean in your TDA? Because what you contribute to your retirement is based on what tier you're in. The only thing you can change precents on is your TDA. http://www.nysut.org/members/retirees/teachers-retirement-system
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| Posted 7/27/16 4:15 PM |
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mommy2be716
LIF Adult
Member since 1/16 2921 total posts
Name:
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retirement contribution question
if you mean TDA, I did like 5% I think
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| Posted 7/27/16 6:35 PM |
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KS13
Life is good.
Member since 6/10 1203 total posts
Name:
K
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Re: retirement contribution question
Thanks!
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| Posted 7/27/16 6:56 PM |
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Michelle1110
My family is complete
Member since 1/12 2338 total posts
Name:
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retirement contribution question
I did 10, then moved to 5, need to move back up again. Dh does 8
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| Posted 7/27/16 7:52 PM |
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NicoleF219
LIF Infant
Member since 5/12 232 total posts
Name:
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retirement contribution question
I did 13 wanted to move it to 15 and apparently I got kicked off when I was on maternity leave and went off payroll. Can't change it until school starts.
Apparently I was wrong - just checked and I was able to change it.
Message edited 7/27/2016 8:38:59 PM.
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| Posted 7/27/16 8:21 PM |
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MissJones
I need a nap!
Member since 5/05 22136 total posts
Name:
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retirement contribution question
I was at 15 but went to 5 to put towards our mortgage.
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| Posted 7/29/16 12:40 AM |
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xosweetiexo
LIF Adolescent
Member since 8/09 856 total posts
Name:
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Re: retirement contribution question
I did 10% when I first got hired and always left it there. I'm so glad I did bc it really accumulated... But then again that was 10 years ago... Pre marriage and baby lol so I never felt it. Straight out the gate is best... Otherwise u never increase it bc u end up missing the money too much... Which is why mine stayed at 10% and I never bumped it up even though my pay increased.
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| Posted 7/30/16 1:47 AM |
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PitterPatter11
Baby Boy is Here!
Member since 5/11 7619 total posts
Name:
Momma <3
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retirement contribution question
For the tda (403b), you can do as little or as much as you want. I was putting in 10%, but we upped mine 3 or 4 years ago to the max the government allows.
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| Posted 7/31/16 4:55 PM |
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babydreams21
LIF Adult
Member since 12/12 3656 total posts
Name:
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retirement contribution question
TDA I put 10 percent. I would like to up it to 15 percent at some point. I started with 3 percent and increased it over time. Do what you can afford.
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| Posted 8/2/16 10:07 PM |
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