Would a teacher be able to participate in a retirement plan?
Before investing in your retirement, make sure you are financially in shape at home. 1. Make sure you have 6 to 9 months salary put away in a savings or a money market account. 2. Have your car paid off, so you never have to make a car loan again Have a savings account for future car purchases in cash. 3. If you plan to buy a home, make sure you have that 20% that banks might require. Also you will avoid paying that nasty pmi. 4 Do not have any credit card debt or student loans So many people make a mistake to invest in retirement without having a solid financial ground first, and end up closing their accounts because they need the funds for bills.
