**State: Michigan** - Married with a 4 year old son and 1 year old daughter

**Me:** Math Teacher, 33 years old, starting my 11th year.

Pension: After 30 years of service I'll get 45% of the average of my highest 3 years. After my first year I bought 5 years towards my pension for 20K, so I'm in my "16th year" of 30 as far as retirement is concerned. So, 15 years left to teach if you count this year; I'll be 48. I pay 7% of my gross towards my pension.

Income: Current salary 61k because I have MA+15. Varsity coach of two sports for another 9.5k. I take cash in lieu of insurance for 6k. School puts 1k into a personal healthcare fund for my retirement each year. Subtract from that the 7% to fund my pension, and I'm probably at about 72k all things taken into account.

Other Side Gig: I got a job this summer at a local fitness club as a tennis instructor. I'll work VERY few hours and make only about 1k, but it gets us a family membership to the club, plus I get to train my players in the offseason, something I'd want to do anyway. The whole thing has been a win-win for the club, my family, and myself so far.

**Wife:** 32 years old, starting my 10th year. Was ESL teacher, but as of next week she'll be taking an Admin job as an ESL consultant at our county's ISD.

Pension: Same structure as mine. She bought her 5 years 16 months ago for 46k, and we just paid them off a few weeks ago. She'll also be out at 48, but since she's a year younger, she has 16 to go.

Income: Her new position will come with a salary of 75K, minus the 7% for the pension. We will take her insurance, and it will cost us about 3k/year. So, we'll get about 68k of that in gross income plus health care.

Investment options: I have access to a 403B or a Roth 403B, plus a 457 account. We are learning about my wife's options now, but it looks like her options will be the same as mine. Fees are .35% plus fund cost. We put all our investments into VTSAX at .05%, so I pay .40% in annual fees.

Savings goal for 2017:

Roth IRA - 5.5K each, so 11k

457 - 18k each, so 36k

403B - 10k each, so 20k

Total goal for 2017: 67k ish? Anything in that ballpark would make me very happy.