Tim Walz's Financial Disclosure Reveals Modest Earnings and Retirement Plans

Tim Walz's Financial Disclosure Highlights

Tim Walz, the Democratic vice presidential candidate, has disclosed details about his financial life that reflect simplicity compared to many of his peers. His financial disclosure form, released by the Federal Election Commission, shows a $210,287 income from his role as the governor of Minnesota from January to August this year.

Details of Income and Assets

• Income from gubernatorial role: $210,287
• Bank account balance between $15,000 and $50,000
• No reported debts
• No home or rental properties owned
• No individual stocks or bonds

Retirement Savings Information

Walz reported having retirement funds, including:
Between $100,000 and $250,000 in a target date retirement fund,
Up to $15,000 in a Vanguard midcap index fund,
Up to $15,000 in a State Street short-term investment fund.

As a lifelong public servant—including roles as a teacher, National Guard member, congressman, and governor—Walz is eligible for a pension but has not detailed its full value. He currently qualifies for $1,111 monthly from the Teachers Retirement Association of Minnesota.

Additional Pension Considerations

With potential pensions from his governorship and Congress, Walz's financial narrative raises questions about his actual wealth. He has publicly acknowledged the significance of having a defined benefit pension and how it could enhance his overall financial standing.