nash031
Thinks s/he gets paid by the post
Greetings!
Defining DINK - dual-income no kids... don't think I saw that one on the acronyms post!
Wife (32) and I (36) are both employed. She's (non-profit director) got a good defined-contribution plan with 12% matching that we max out. I (13.5-year Naval officer) max TSP, we both max IRAs, continue contributing to taxable accounts as well. We have a good start on our portfolio, but we're not millionaires (yet). We have well into six-figures in equity in our still-mortgaged home. Pretty good at LBOM, saving about 45% of gross every year, but could probably get even better.
Not sure if I'm sticking out 20 years on active duty for the pension, but understand the fantastic inflation-adjusted benefits. If I don't finish out 20 active, I will finish out as a reservist for the healthcare and retirement later. Part of that decision will come down to what lifestyle my wife and I decide we want (spending level in retirement) and whether or not we're going to have children.
Enjoyed reading forum posts and Nord's book enough to join. Love the "human capital" discussions in the appendices there, specifically regarding the often-overlooked increased risk tolerance for someone in the military (or with similar benefits/stability of employment). Am considering adjusting my portfolio balance up from its current 75/25 to a 90/10, and particularly so if I ultimately decide to cash in an active-duty pension.
Not sure what I want to do when I grow up, but the prospect of retiring at age 42 is something I'm definitely interested in. The lifestyle choice and having children decisions to be made in the next year or so will weigh heavily on that. In any event, I don't think I want to work (for someone else, anyway) well into my 50s, so we'll be working to that end.
Glad to be here, looking forward to learning more.
Defining DINK - dual-income no kids... don't think I saw that one on the acronyms post!
Wife (32) and I (36) are both employed. She's (non-profit director) got a good defined-contribution plan with 12% matching that we max out. I (13.5-year Naval officer) max TSP, we both max IRAs, continue contributing to taxable accounts as well. We have a good start on our portfolio, but we're not millionaires (yet). We have well into six-figures in equity in our still-mortgaged home. Pretty good at LBOM, saving about 45% of gross every year, but could probably get even better.
Not sure if I'm sticking out 20 years on active duty for the pension, but understand the fantastic inflation-adjusted benefits. If I don't finish out 20 active, I will finish out as a reservist for the healthcare and retirement later. Part of that decision will come down to what lifestyle my wife and I decide we want (spending level in retirement) and whether or not we're going to have children.
Enjoyed reading forum posts and Nord's book enough to join. Love the "human capital" discussions in the appendices there, specifically regarding the often-overlooked increased risk tolerance for someone in the military (or with similar benefits/stability of employment). Am considering adjusting my portfolio balance up from its current 75/25 to a 90/10, and particularly so if I ultimately decide to cash in an active-duty pension.
Not sure what I want to do when I grow up, but the prospect of retiring at age 42 is something I'm definitely interested in. The lifestyle choice and having children decisions to be made in the next year or so will weigh heavily on that. In any event, I don't think I want to work (for someone else, anyway) well into my 50s, so we'll be working to that end.
Glad to be here, looking forward to learning more.