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Tax bill

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Old 01-23-2018, 08:10 PM   #1
BaltimoreSkins
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Re: Tax bill
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Originally Posted by Giantone View Post
Is that better for employees?
I don't know but I am a BCPS teacher in a Maryland state pension plan. Every pay period 7% of my salary gets taken out of my paycheck and I get no option to how it is invested. To top it off there is no guarantee I will ever be able to withdraw the money much like SS. I know it is very conservative of me but I would prefer if I was required to invest the money but given the option to how I want to invest it. The major difference being that SS helps all walks of people but my plan is exclusively for educators. If you are in the education business you should be smart enough to know how to invest securely IMO.
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Old 01-23-2018, 08:34 PM   #2
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Re: Tax bill
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Originally Posted by BaltimoreSkins View Post
I don't know but I am a BCPS teacher in a Maryland state pension plan. Every pay period 7% of my salary gets taken out of my paycheck and I get no option to how it is invested. To top it off there is no guarantee I will ever be able to withdraw the money much like SS. I know it is very conservative of me but I would prefer if I was required to invest the money but given the option to how I want to invest it. The major difference being that SS helps all walks of people but my plan is exclusively for educators. If you are in the education business you should be smart enough to know how to invest securely IMO.
Not necessarily ,don't assume that becuase one has a degree...in anything one knows how to invest or deal with Wall Street. many highly educated people ,smart,very smart people invested with Bernie Madoff and lost millions.


Why Smart People Make Bad Financial Moves by Laura Rowley
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Old 01-23-2018, 08:35 PM   #3
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Re: Tax bill
Sorry double post
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Last edited by Giantone; 01-23-2018 at 09:06 PM.
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