This question is for teachers. I am new to this profession and I am curious about retirement planning?

deshane2530 asked:


I am in my second year of teaching. I know that teachers have a retirement plan, as it comes out of our checks.

Many companies visit our school trying to sell insurance, other plans, etc. I am interested in knowing whether or not I need to do an additional 401k plan. I was approached last year by a person at out school offering 403 plans. This year it was 401K. Do I need to take part in these plans? What do teachers really need? I have heard from retired teachers that their retirement was enough without these types of plans, but I know that times have changed. Any input would be greatly appreciated.
Thank you.

Elsa