pdsmith505
Confused about dryer sheets
- Joined
- Feb 7, 2021
- Messages
- 7
Hello everyone!
Finally started being smarter about finances last year when I (1) hit the halfway point to retirement from the military and (2) decided to get free of revolving debt.
One year later, I've eliminated $30k in credit card debt and have started contributing enough to max out my TSP account (previously just 5%, now 20%). TSP contributions are all Roth, and it's parked in the L2050 fund.
Should be able to hit the first retirement at 20yrs/42yo based on an O-5 salary, which should be ~$75k/yr plus healthcare for life. Not sure what I'll do when I get there, but it'll be nice to get to pick it myself for a change.
Current financial issues I'm thinking about are (1) what to do with the house I currently own (7yrs into a 30 fixed rate @3.25) and (2) how to handle distributions from an IRA my spouse inherited when her mother passed last year.
Spent a few hours reading the forum and look forward to absorbing as much as I can.
Finally started being smarter about finances last year when I (1) hit the halfway point to retirement from the military and (2) decided to get free of revolving debt.
One year later, I've eliminated $30k in credit card debt and have started contributing enough to max out my TSP account (previously just 5%, now 20%). TSP contributions are all Roth, and it's parked in the L2050 fund.
Should be able to hit the first retirement at 20yrs/42yo based on an O-5 salary, which should be ~$75k/yr plus healthcare for life. Not sure what I'll do when I get there, but it'll be nice to get to pick it myself for a change.
Current financial issues I'm thinking about are (1) what to do with the house I currently own (7yrs into a 30 fixed rate @3.25) and (2) how to handle distributions from an IRA my spouse inherited when her mother passed last year.
Spent a few hours reading the forum and look forward to absorbing as much as I can.