moneymaker
Recycles dryer sheets
- Joined
- Mar 13, 2013
- Messages
- 106
Hi everyone,
Just wanted to get some thoughts.
Me: Married (both 31 y/o) with 2 kids (4, 1y/o). 9 years active duty army officer. Just made MAJ. Plan on doing atleast my 20 years which should give me a nice pension (50% of my base pay at retirement)
Investments:
Thrift savings plan (gov't 401k) - Just started it since they began the Roth option. $6k in C 50%, S 35%, I15% funds.
Wife 401k: $19k
Trad IRAs: $30k
Roth IRAs: $36k
Taxable: $51k
We save about $4k/month right now. Trying to have enough investments in the bank at retirement that I can generate just as much or more in interest and dividends than what my Army pension will be. Goal is to retire from the Army at 42 and retire for good at 49 when my oldest finishes college.
Right now, I'm heavily weighed in some Vanguard funds (wellington, Wellesley and dividend growth). I also have some conservative funds (blackrock dividend achievers, Fidelity GNMA). I do some stock trading too, but beginning to tier that down as I just don't have the time to do research - although I do enjoy it very much. I mainly invest in conservative dividend payers and MLP's that generate a nice dividend.
At my age, should I be more aggressive since I will receive a military retirement in 11 years? Also, are there any other core funds that anyone recommends (preferably vanguard or fidelity).
Thanks everyone and I look forward to hearing anyone's thoughts!
Just wanted to get some thoughts.
Me: Married (both 31 y/o) with 2 kids (4, 1y/o). 9 years active duty army officer. Just made MAJ. Plan on doing atleast my 20 years which should give me a nice pension (50% of my base pay at retirement)
Investments:
Thrift savings plan (gov't 401k) - Just started it since they began the Roth option. $6k in C 50%, S 35%, I15% funds.
Wife 401k: $19k
Trad IRAs: $30k
Roth IRAs: $36k
Taxable: $51k
We save about $4k/month right now. Trying to have enough investments in the bank at retirement that I can generate just as much or more in interest and dividends than what my Army pension will be. Goal is to retire from the Army at 42 and retire for good at 49 when my oldest finishes college.
Right now, I'm heavily weighed in some Vanguard funds (wellington, Wellesley and dividend growth). I also have some conservative funds (blackrock dividend achievers, Fidelity GNMA). I do some stock trading too, but beginning to tier that down as I just don't have the time to do research - although I do enjoy it very much. I mainly invest in conservative dividend payers and MLP's that generate a nice dividend.
At my age, should I be more aggressive since I will receive a military retirement in 11 years? Also, are there any other core funds that anyone recommends (preferably vanguard or fidelity).
Thanks everyone and I look forward to hearing anyone's thoughts!
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