Babysitters/ Playgroup Morah's long term plans

amother

OP ↓

Wed, May 29 2024, 8:44 pm

Just wondering what are Babysitters/ Playgroup Morah's long term plans
no pension etc?? like what are kollel ppl plan? the husband learning and wife being a morah?

amother

Ebony ↓

Wed, May 29 2024, 8:54 pm

What is anyone's long term plan when they're self employed or 1099? Is there a reason youre asking about this specifically?

amother

↑ OP ↓

Wed, May 29 2024, 8:55 pm

amother Ebony wrote:

What is anyone's long term plan when they're self employed or 1099? Is there a reason youre asking about this specifically?

Because its not something you can do forever.. you get burnt out at a point

amother

Lemon ↓

Wed, May 29 2024, 8:56 pm

Do most jobs have pensions?

I don’t think so

Jobs like board of Ed, govt jobs do but majority of people in frum community are not working at jobs with pensions

amother

↑ OP ↓

Wed, May 29 2024, 8:57 pm

amother Lemon wrote:

Do most jobs have pensions?

I don’t think so

Jobs like board of Ed, govt jobs do but majority of people in frum community are not working at jobs with pensions

but you get SS

amother

Begonia

Wed, May 29 2024, 8:57 pm

amother OP wrote:

Because its not something you can do forever.. you get burnt out at a point

I use a babysitter whose children are all grown. I think she’s in her 60’s. She is really excellent.

amother

↑ Ebony ↓

Wed, May 29 2024, 8:58 pm

amother OP wrote:

Because its not something you can do forever.. you get burnt out at a point

Why specifically this over any other job? Burnout happens everywhere. Doctors and lawyers have high burnout rates.

amother

Latte

Wed, May 29 2024, 8:58 pm

amother OP wrote:

but you get SS

Report your income and pay taxes like you are supposed to and you will get ss

amother

↑ OP ↓

Wed, May 29 2024, 9:11 pm

[quote="amother Gladiolus"]Puleez
You know it's running out, right?[/quote

No- it is??
so how is everyone retiring?

amother

↑ Lemon

Wed, May 29 2024, 9:13 pm

[quote="amother OP"]

amother Gladiolus wrote:

Puleez
You know it's running out, right?[/quote

No- it is??
so how is everyone retiring?

We are maxing out our IRAs and investing additional money for retirement.

amother

↑ OP ↓

Wed, May 29 2024, 9:23 pm

amother Lemon wrote:

We are maxing out our IRAs and investing additional money for retirement.

good 4 u, but question- if u are making bare minimum how are you maxing out IRAs and investing addtl $?

amother

Mintgreen ↓

Wed, May 29 2024, 9:50 pm

amother OP wrote:

good 4 u, but question- if u are making bare minimum how are you maxing out IRAs and investing addtl $?

She is obviously not making bare minimum

amother

↑ Mintgreen ↓

Wed, May 29 2024, 9:52 pm

amother OP wrote:

Just wondering what are Babysitters/ Playgroup Morah's long term plans
no pension etc?? like what are kollel ppl plan? the husband learning and wife being a morah?

Many jobs don't offer pensions. I'm an OT and I'm not getting a pension

Most men in kollel get jobs eventually. And who said all of their wives are morahs?

amother

↑ Mintgreen

Wed, May 29 2024, 9:53 pm

amother OP wrote:

Because its not something you can do forever.. you get burnt out at a point

Says who? I know a playgroup morah in her 70's who is still doing it and very popular

And I know people in other professions in their 30's and 40's who are burned out

amother

Brunette

Wed, May 29 2024, 10:28 pm

amother OP wrote:

Just wondering what are Babysitters/ Playgroup Morah's long term plans
no pension etc?? like what are kollel ppl plan? the husband learning and wife being a morah?

Op it's a very good question.
I'm a morah (almost 50), my husband has a job in klei kodesh. Iy'h we will get ss but I don't think it will amount to much.
we are both self employed and don't have enough to put aside on a retirement account.
I'm not burnt out but it's a very physically demanding job and I'm not sure how long I'll be capable of doing it! Same for my husband's job.
Not sure what the solution is.
I guess part of being a morah and working in klei kodesh is having enough bitachon that things will work out.

amother

DarkRed

Wed, May 29 2024, 11:32 pm

I don't get the question. There are morahs earning 70-80k . They'll invest in an IRA. What's the difference between that and a makeup artist, sheitels machers, web designer etc?

amother

Jetblack

Wed, May 29 2024, 11:57 pm

amother DarkRed wrote:

I don't get the question. There are morahs earning 70-80k . They'll invest in an IRA. What's the difference between that and a makeup artist, sheitels machers, web designer etc?

um. please tell me, how does a morah make 70-80k?
I was a playgroup morah for many years. big group with an assistant.
And my take home pay after paying my employee, after paying subs, after buying supplies, snacks etc, was NEVER more than about 30k! And that was before I had to pay self employment tax... so bottom line, I never came home with more than about 25k working 8.30-2.30 M-T and 8.30-1.30 F.
I only stopped doing it two years ago, so thats kind of recent.

amother

Seafoam

Wed, May 29 2024, 11:59 pm

I am a SLP with no pension or benefits and I am on medicaid.
No idea what I am going to do in the future. I worry about it everyday. I dont know what IRA or 401k even means