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Subject:  teachers retirment options Date:  11/14/2000  2:31 PM
Author:  slykahn Number:  26131 of 105969

My husband and I are both teachers. Ten years ago we were advised to put our money into a tax shelter that is designed for teachers. After about 8 years, we borrowed on the money to purchase our first home. We are now paying that back (at about 6% of which 4% goes back to us). The problem is that the shelter only yields about 5% annually which is terrible! We have met with a few other planners who say we should be in a mutual fund. This sounds better but no one seems to know what our options are since we still owe... what we should do etc

We are so confused. We have one "expert" who wants us to allow him to place the money... he is the one that got us in at 5%! The other does not know what the choices are for us and we have to do the leg work. Ugh!! This is so overwhelming!
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