moneymaker
Recycles dryer sheets
- Joined
- Mar 13, 2013
- Messages
- 106
Hi all,
I've been on this forum a few times over the years and gotten great advice. Just a little update from my foxhole.
Had quite a few changes in the last 18 months that I wanted to share.
I pinned on LTC/05 last June of 2020 and am currently sitting at just over 15 1/2 active and 17 1/2 total time in service. The current plan is to do the next 4 1/2 and retire from the Army at which time I'll get 50% of my base pay for my pension plus healthcare and maybe some VA disability.
We have begun to consolidate our investments such as selling off some real estate in this extremely hot market in anticipation of settling down somewhere after the Army. We now currently own 2 homes. Our primary in Michigan (currently rented) and a place at the beach in North Carolina that we rent out during the summers.
We've continued to add to our investments and are *hoping* that between our investments and my pension, my wife and I can both fully retire at 44. We just turned 40.
Investments:
Retirement accounts: approx $715k (split between TSP, wife 401k, Roth IRAs and rollover IRA
Taxable accounts: approx. $125k
Real Estate equity: approx. $350k for primary home
approx. $400k for beach house
We feel pretty comfortable and have about 4 years to continue to save and invest as much as we can. Currently ramping up after tax investments to continue to build up our taxable accounts and invest about $4k/month in taxable accounts and $1500/month in retirement accounts.
Anyway, I thank you all for the advice over the years - joined in 2013. We feel pretty good about where we are financially.
THANK YOU!
I've been on this forum a few times over the years and gotten great advice. Just a little update from my foxhole.
Had quite a few changes in the last 18 months that I wanted to share.
I pinned on LTC/05 last June of 2020 and am currently sitting at just over 15 1/2 active and 17 1/2 total time in service. The current plan is to do the next 4 1/2 and retire from the Army at which time I'll get 50% of my base pay for my pension plus healthcare and maybe some VA disability.
We have begun to consolidate our investments such as selling off some real estate in this extremely hot market in anticipation of settling down somewhere after the Army. We now currently own 2 homes. Our primary in Michigan (currently rented) and a place at the beach in North Carolina that we rent out during the summers.
We've continued to add to our investments and are *hoping* that between our investments and my pension, my wife and I can both fully retire at 44. We just turned 40.
Investments:
Retirement accounts: approx $715k (split between TSP, wife 401k, Roth IRAs and rollover IRA
Taxable accounts: approx. $125k
Real Estate equity: approx. $350k for primary home
approx. $400k for beach house
We feel pretty comfortable and have about 4 years to continue to save and invest as much as we can. Currently ramping up after tax investments to continue to build up our taxable accounts and invest about $4k/month in taxable accounts and $1500/month in retirement accounts.
Anyway, I thank you all for the advice over the years - joined in 2013. We feel pretty good about where we are financially.
THANK YOU!