Hi all,
I am in my mid 30's have worked in the NYC school system for almost 10 years now. I have to contribute 6% of my salary to my pension plan, I voluntarily contribute 14% to an employee Tax Deferred Annuity program, and a Roth IRA (opened in 2020, just mutual funds). The goal is to be able to retire at or a little after 55. Some quick numbers...
Gross pay $9,400/month (I have several deductions in my paychecks like TDA/city tax/union fees....)
Pension: I'm not really sure how to explain this because it's a calculation of my final average salary x some other stuff, but it's a pension!
TDA balance: $107K (I contribute $1232/month; max contribution for the year is $23K)
Roth IRA: $10K (I contribute $1,200/year; max contribution is $7K)
My main question is **where should I be investing more of my money to?** Should I be putting more in my Roth/maxing it out and then putting more towards my TDA? I do plan on sitting with a financial advisor at some point this year, but the Reddit community is always so helpful with any inquires I've made in the past.
TIA!