I am considering teaching in New Mexico after I retire in Oklahoma. I would like to know from New Mexico teachers would this be a good state to come to for a second teacher retirement? I will be 52 when I retire and plan to teach for 10 more years after that. Has anyone done any extensive research on which states have the highest retirement calculation in the benefits estimator. So far, I have found 1.75, 2.0. 2.2, 2.035, etc. I am looking for a state that has 2.5 and pays social security benefits.
I'm not sure what your numbers mean. It differs by district how many previous years of experience outside of the state they'll count towards retirement, and it can be pretty limited. Then some of them have a rule (like a rule of 75-- that is, you can retire when your age plus number of years of service = 75, or after 25 years of in-district teaching). The relatively low cost of living and good weather make it a decent place to retire in general, but I have heard teachers complain about how few out-of-state years can count.
On 9/03/05, Mark Allgood wrote: > I am considering teaching in New Mexico after I retire in > Oklahoma. I would like to know from New Mexico teachers > would this be a good state to come to for a second teacher > retirement? I will be 52 when I retire and plan to teach > for 10 more years after that. Has anyone done any > extensive research on which states have the highest > retirement calculation in the benefits estimator. So far, > I have found 1.75, 2.0. 2.2, 2.035, etc. I am looking for > a state that has 2.5 and pays social security benefits.
I'm not sure what your numbers mean. It differs by district
how many previous years of experience outside of the state
they'll count towards retirement, and it can be pretty
limited. Then some of them have a rule (like a rule of 75--
that is, you can retire when your age plus number of years of
service = ...See More