The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: investing for retirement!!||Date: 9/5/2011 4:10 AM|
|Author: chuck9899||Number: 69518 of 76594|
Ok with the market and economy all over the place and everything.
Here is my situation 25 single no kids.
Make a decent wage at 50k a year.
300 bi-weakly goes into my TSP (government 401k style plan.)
6k invested in TSP 2050 life cycle funds.
17k in a Roth IRA invested in various index funds.
3k in credit card debt because of moving expenses. TV, coach, bed and so on. Not living with parents makes you realize how much things cost. Who knew a tiny bottle of Montreal steak spice cost almost 4 dollars!!!
Car loan is $320 a month.
Rent+ Utilites runs about 650-750
Should i trim down my contribution to only the match and pay off some debt quicker.
Should i only do the match and then fully fund my Roth IRA.
Suggestions, comments advice.
or some variation of this.
My biggest issue is i get retirement in 25 years but can't get social security or touch any of my investment accounts. I am in law enforcement in a very physically active agency and don't want to be doing it in my fifties. So maybe by some decent dividend stocks in a brokerage account as well to carry me over between age 50 and 59-65 age?
|Copyright 1996-2015 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|