Sunday, June 12, 2011
Should I Diversify?
This school year I finally started a 403(b). During my sixth year of teaching. I know, I know. I put $220 per month in there, soon to go up to approximately $400 per month.
Also, since I am a teacher I will get a pension when I retire. So, there's that.
My question: should I open another type of retirement account? Like a Roth IRA or something? Or, should I stick with my pension and 403(b) and use my funds elsewhere?
Would it make sense to keep increasing the amount in my 403(b), or should I start a new kind of account to diversify?
I'd love input on this issue. I'd also like to save for a house (hence the name of the blog), but not at the expense of my retirement. I think a pension and a 403(b) are sufficient, but I also have very little idea of how much I need to save for retirement. Like, no idea, really. Help a blogger out.