In New Jersey and across the country, politics are roiling over public employee pensions.  I just got into the profession, and sometimes I wonder if there will still be an effective pension program in place when I retire in thirty plus years.  This is also a reason that I may leave the classroom after a few years, pursue a PhD in education, and stake a place in educational research and teacher education.

With that in mind, it’s time to start thinking about alternative forms of retirement savings.  Many school districts offer 403b plans for their employees.  Chances are, these are just a waste of your money unless the school actually offers matching contributions.

Check out this overview of different types of investment plans that I wrote on Helium.com.  I’ve spent a good amount of time researching the various options, and you should start reading up too.  We need to start planning now for the likely possibility that our safety net won’t be intact when it comes time to retire.

This entry was posted on Sunday, September 23rd, 2007 at 4:30 pm and is filed under Education, Ramblings. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.