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Old 02-28-2012, 04:47 PM
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Jennifer Jennifer is offline
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Join Date: Feb 2012
Location: New York
Posts: 1
Default Retirement

H,

I'm planning to begin a group family daycare in my home next year and leaving one of the best unions in the state of NY with an excellent retirement system/pension.

I would like to know how others are planning for retirement...and if others are doing the same or have done the same (leaving a job with a great union)...how did you cope making the transition??

I am new to all this so I will be asking a lot of questions please bare with me!!!
Thanks
Jen
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Old 02-28-2012, 05:03 PM
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Michael Michael is online now
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Join Date: Aug 2007
Location: Moorpark CA, Ocean Ridge, FL
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Welcome to the Daycare.com Forum! I've upgraded your status. You can post freely now.
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Old 02-28-2012, 05:23 PM
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Cat Herder Cat Herder is offline
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Join Date: Dec 2010
Posts: 13,753
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Welcome!!

For retirement planning I went with a Roth IRA, bought the nicest home/land I could afford and HOPE to live long enough to not still be upside down in it......
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Old 02-28-2012, 06:37 PM
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MommieNana4 MommieNana4 is offline
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Location: Maryland
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Jennifer,

Are you retiring from this job (that is part of this GREAT/EXCELLENT union)? It can be hard to leave something that has so much to offer. The way that your post is worded makes me believe that you have a defined benefit plan (via the union at retirement) and wanted to know if any childcare provider had the "good" sense to plan for their retirement.
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Old 02-29-2012, 05:45 AM
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Countrygal Countrygal is offline
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Join Date: Aug 2011
Location: Wisconsin
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I am semiretired. I have a not-so-good retirement pension and am supplementing with the daycare. My future includes selling my house and moving to somewhere cheaper to live, but that will be years down the road. For now, the daycare is working great for what I am doing it for, although I could make more money working somewhere, I suppose. I love doing the daycare, though. It's a perfect fit, since I am raising my gs and have to either pay dc myself or stay home.

Welcome to the forum!
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