I recently started a new job. I am required to contribute 7% of my salary and the employer contributes an additional 12%. My understanding is that at the end of each year they contribute another 7% of the money contributed. Guaranteed return. Vests after 8 years.

I have had a Roth IRA but do not mad it out.

My wife works for the school district and has TRS.

Has an IRA as well.

We have a mortgage and emergency fund of 6 months.

Should we continue with the IRAs or move to something different? My employer also offers a tax advantage plan.

Thanks for any advice.

Is there a scaled vesting schedule over those 8 years?

No. However, It's a county job, and can move to a different county in Texas and it will continue.

willowratio said:

---

I recently started a new job. I am required to contribute 7% of my salary and the employer contributes an additional 12%. My understanding is that at the end of each year they contribute another 7% of the money contributed. Guaranteed return. Vests after 8 years.

I have had a Roth IRA but do not mad it out.

My wife works for the school district and has TRS.

Has an IRA as well.

We have a mortgage and emergency fund of 6 months.

Should we continue with the IRAs or move to something different? My employer also offers a tax advantage plan.

Thanks for any advice.

---

Is this a pension you are describing with the county?

If you are not maxing out your IRA's there is no need to look for other investments vehicles. Once you can max out ROTH IRAs, then you should explore employer plans.

I sound like a Dave Ramsey disciple, but it sounds like he might be a good resource for y'all. Look him up.

Yes it is a pension.

Thanks for the advice.