Glad I finally found a forum such as this. For awhile I thought I was one of the few pondering these various questions. I'm a military/airline pilot married to a High School English teacher on maternity leave.
Here is my situation.
Me: 32, Wife 28
Our Roth's together: $60,000
TSP: $28,000
Cash: $51,000
Home Equity: $40,000
Getting ready to start a new fed job with a 20 year retirement. So I will retire at 52 with a min. pension of $53,000K annually.
With this new job I will max out my 401K matching retirement plan and continue to put money back each year.
At age sixty I will have a military retirement of approximately $24,000K annually.
I will always max. out my wife and I's Roth. Only debt is mortgage and one car payment of $240. We live well within our means with two kiddos.
We are getting ready to move and I plan to use the VA loan to purchase a home. With no down payment required, we will have approx. 91K in cash. I would like to invest atleast 50K of this in an investment that I won't touch until age 52.
Any suggestions on the 50k investment?
Please help me find holes in my plans.
Here is my situation.
Me: 32, Wife 28
Our Roth's together: $60,000
TSP: $28,000
Cash: $51,000
Home Equity: $40,000
Getting ready to start a new fed job with a 20 year retirement. So I will retire at 52 with a min. pension of $53,000K annually.
With this new job I will max out my 401K matching retirement plan and continue to put money back each year.
At age sixty I will have a military retirement of approximately $24,000K annually.
I will always max. out my wife and I's Roth. Only debt is mortgage and one car payment of $240. We live well within our means with two kiddos.
We are getting ready to move and I plan to use the VA loan to purchase a home. With no down payment required, we will have approx. 91K in cash. I would like to invest atleast 50K of this in an investment that I won't touch until age 52.
Any suggestions on the 50k investment?
Please help me find holes in my plans.