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Jocelyn

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As a 4th grade teacher (San Carlos, CA), Jocelyn teaches multiple subjects (she does it all), and when asked what she likes best about her job she said her students and her colleagues. Her biggest challenge is trying to fit everything into the school day.

We asked Jocelyn some questions about what she knows or wants to know about the 403(b) and saving for retirement, and this is what she said.

On a scale of 1 to 10, with 10 being total understanding, how well do you understand saving for retirement? Why did you pick this number?

I picked 5 because as I've begun to read up on retirement I realize there are entire areas of retirement (insurance, taxes, healthcare) that I know little about.

What is your biggest money worry?

Not having enough once I retire.

Do you have a 403(b)? If yes, are you satisfied with your investment? If you do not have a 403(b), why not?

I have a 403(b) with American Fidelity but it is being transferred to Vanguard as I write this 😊. On a scale of 1 to 10, my satisfaction with my 403(b) plan is 2. If I could change anything about my plan, I would like to see it do more. That is why I moved it from American Fidelity to Vanguard — because I was tired of seeing it do very little.

What prompted you to start a 403(b)?

I knew I needed to save for retirement.

Did you ever hear about the 403(b) in your teacher preparation program?

No.

Do you know what a fiduciary financial advisor is? If yes, how would you describe a fiduciary to a colleague?

Yes.

If you could ask a financial advisor one question what would it be?

How much money will I actually need to live comfortably in retirement?

Anything else you would like to share with us?

Pay yourself first. It will be the most important thing you can do for yourself in the long run.

Jocelyn is our podcast guest in episode 73: Uneasy Feeling About Her 403(b)

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