[USER]

I am a teacher making 112,000 and can technically retire in 10 years when I turn 55 with 60 percent of my salary which will be around 135,000 (I think)around 80,000 yearly pension.

I plan to work a few extra years bc my 3 kids will still be in college. Then I plan to do something else (I dont know what though).

I just can’t teach middle school kids as I get older. It’s draining. I also have a TDA currently with 235,000. I just increased my contribution.

I have 100,000 between cash, cds, checking and savings that will probably be spent on kids, renovations.

Between my pension and social security for me and my husband, will I be able to retire and stay in my home?

Currently valued over 600,000.

The taxes are currently 15000.

[Justin]

What state are you in? I’m asking as a retired teacher. Unfortunately, I’m not the person who should give financial advice at this level.

There’s a lot of great people on here who are capable and I enjoy learning from them.

[Kimberly]

Will youHave health insurance? That’s what is keeping my hubs from retiring early.

It’s so expensive to do COBRA ($1900/mth) but we don’t wan5 to lose the benefits after paying into them for over two decades.

[Sophie]

What is your yearly spend? If it’s under 80,000 and you don’t expect it to be higher in retirement, then you are good to go regardless due to your pension.

That is equivalent to having 2MM invested at a 4% withdrawal rate.

[Colin]

It depends on what your investments are when you retire, and what your annual income and expenses are when you retire.

[Murphy]

Retired NYC DOE’er here – put the max in your ROTH first and then contribute as much as you can to the TDA.

As you get closer to retirement move the funds to fixed – they’ll double in ten years with no further contributions.

[Author]

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