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Retirement Discussions / Retire Well on Less
|Subject: Re: NEED FINANCIAL MED CHECK||Date: 1/31/2014 2:46 PM|
|Author: NuclearRedneck||Number: 1476 of 1671|
1) You ought to bump your TSP to 20% of base pay while keeping your ROTHs fully funded.
2) Look around for a good place to put some of the 52K in checking that will get you some interest.
3) What do you have your TSP and ROTHs invested in? You need to treat them as a combined asset pool so that you can balance your portfolio.
4) Do you plan to work after you retire in 9 years? What are your goals? Travel? Charity work? Move to Colorado and smoke your retirement away?
I'm an O-5 with 18 years in, stay at home wife, two kids, and a mortgage. I put away 20% of my base pay, fully fund our ROTHS and pay cash for our vacations. We also pay extra on our mortgage each month.
Cheers, Nuclear Redneck
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