Some background, Army Vet with disability pension (currently around 2k/mo). Luckily I'm in IT so my issues do not affect my ability to work. Roth 401k is already at the level I want it to be, even with below average gains (it's all in index funds, plan to move to VTSAX when I leave this job to combine with my Roth IRA) it will be more than enough to provide me with 3-4k/mo after 59.5.
I'm now working on taxable investments to get me where I need to be so I can retire by 45-46. Not sure if I'll actually want to stop working at that point, but I want the FI side of FIRE so I can if I choose to do so.
We haven't decided exactly where we want to be at retirement, but as my wife is a foreign national we have more (easy) options than most. If we stay in the US I don't need to worry about insurance (she does, of course), and if we choose her country neither of us need to worry due to the extremely good and affordable healthcare/national insurance program there. There are, of course, other considerations but health insurance is a big cost we'll be able to mitigate or basically avoid depending on which option we choose.
Big question I've been debating is what to do at that point. I know the standard suggestion is to move part of investments to bonds (15/25/50 lots of different suggestions out there) to mitigate market risks. But it my case (and anyone that has a guaranteed pension), do I really need to mitigate that risk? I know I will have at least 2k (untaxed) every month, regardless of what the market is doing.
I thought the people over here might have some insight to provide. So, what do you all think?
I'm now working on taxable investments to get me where I need to be so I can retire by 45-46. Not sure if I'll actually want to stop working at that point, but I want the FI side of FIRE so I can if I choose to do so.
We haven't decided exactly where we want to be at retirement, but as my wife is a foreign national we have more (easy) options than most. If we stay in the US I don't need to worry about insurance (she does, of course), and if we choose her country neither of us need to worry due to the extremely good and affordable healthcare/national insurance program there. There are, of course, other considerations but health insurance is a big cost we'll be able to mitigate or basically avoid depending on which option we choose.
Big question I've been debating is what to do at that point. I know the standard suggestion is to move part of investments to bonds (15/25/50 lots of different suggestions out there) to mitigate market risks. But it my case (and anyone that has a guaranteed pension), do I really need to mitigate that risk? I know I will have at least 2k (untaxed) every month, regardless of what the market is doing.
I thought the people over here might have some insight to provide. So, what do you all think?
