Long time lurker, first time poster...
Stats: Active duty USAF officer. I have been in for about 11 years, 9 more to go (inshallah). I meet my Lt Col board in 2010. I was prior-service National Guard Army, so I have a total of 17 years of service. I would like to retire around 26-27 years of service.
Somewhat of a late starter, did not start investing until 1999 at age 27. The only thing around was a Roth IRA with a $2k limit. However, I currently have about $88,000 saved between my Roth and TSP. I would like to begin maxing out TSP next year, by then hopefully my house that is on the market will be sold. I have maxed my Roth every year.
I am also about to pay off my student loan in a couple of months ($41k with $6400 left--mainly from an expensive private graduate school). I have a rental that is at 5.85 fixed at 30 years (VA loan--my first house) with about $30k equity.
Single with no dependents. I had made some financial mistakes and would not consider myself frugal by any stretch of the imagination. I figure once I unload my [-]annoying[/-] house, it should be a better situation.
My goal is to retire in the historic district of Annapolis with a near paid of craftsman style home. I am thinking about paying off my rental by the end of my service, sell it for a down payment. I also plan on saving aggressively for it in a mutual fund, sometime next year.
Look forward to your comments. Thanks in advance. O0
Stats: Active duty USAF officer. I have been in for about 11 years, 9 more to go (inshallah). I meet my Lt Col board in 2010. I was prior-service National Guard Army, so I have a total of 17 years of service. I would like to retire around 26-27 years of service.
Somewhat of a late starter, did not start investing until 1999 at age 27. The only thing around was a Roth IRA with a $2k limit. However, I currently have about $88,000 saved between my Roth and TSP. I would like to begin maxing out TSP next year, by then hopefully my house that is on the market will be sold. I have maxed my Roth every year.
I am also about to pay off my student loan in a couple of months ($41k with $6400 left--mainly from an expensive private graduate school). I have a rental that is at 5.85 fixed at 30 years (VA loan--my first house) with about $30k equity.
Single with no dependents. I had made some financial mistakes and would not consider myself frugal by any stretch of the imagination. I figure once I unload my [-]annoying[/-] house, it should be a better situation.
My goal is to retire in the historic district of Annapolis with a near paid of craftsman style home. I am thinking about paying off my rental by the end of my service, sell it for a down payment. I also plan on saving aggressively for it in a mutual fund, sometime next year.
Look forward to your comments. Thanks in advance. O0