The Motley Fool Discussion Boards

Previous Page

Retirement Discussions / Retire Well on Less


Subject:  NEED FINANCIAL MED CHECK Date:  1/31/2014  4:03 AM
Author:  SECLDO Number:  1475 of 1845

Could someone give me a med check:

My financial bio:
O4 in Military
26 yrs in military, hope to do 9 more
I am 50 years old
My wife is 56
Mine is the only income
No kids
No debt
No house payment, Rent now but military covers rent
No car payments
Military TSP = 6% of base pay*
Wife Roth = 6500/yr*
My Roth = 6500/year*

*(Until recently I was only contributing $125/month to my wife’s Roth, I did not have a Roth and I had 15% of my base pay going into Military TSP.

40K in Savings
52K in checking
8K in emergency/treat fund
3K in CD
When we buy something we round up to next $10 for every checkbook entry

How am I doing?
New to investing.
Need some more direction.
Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us