3rd question-- How much money a month is good to invest if we already have annuity and pension.?

My husband is a ironworker and whatever company my husband is working for at the time is required to put money in a annuity for his retirement. I dont know how much but I do know he has been working there for two and a half years going on three. And there is appx. $23,000 it is sitting in a low risk acct. Should we move it up more to invest it better?

He also has a pension of appx. 3-5 thousand dollars a month when he retires.

Should we be investing more of our own money I mean I know that is our money but we really dont see it.

Thank YOU!!!

no that is 23k into the account for the past 2.5yrs so every year at least 10k will be added to the annuity acct. until he retires which will be in 30 yrs. because he is 25yrs old ironworkers can retire at 55

23000 won't last long - and depending on how many years until retirement, the annuity might not cover ll your expenses - pay off all your debts, mortgage and save as much as you can

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