moneymaker
Recycles dryer sheets
- Joined
- Mar 13, 2013
- Messages
- 106
Hi everyone,
What a great forum! My spouse and I are 30 y/o and I've got 7 yrs active duty and she works full time. I wanted to get everyone's opinions on the military TSP as well as other retirement solutions. Our goal is to be fully retired at 49. We have 2 girls that 1 will be out of college and the other will almost be finished at the time of retirement. I will be eligible for an active duty retirement at 44 y/o, but at our investment rate, I wouldn't be fully comfortable fully retiring at 44 (I may or may not go past 20 in the military, but I will continue to work until 49). Currently, we are very blessed to be in a good financial position and I want to capitalize on this by making smart financial decisions with the extra money.
Current cash assets:
Roths: $33500
401k: $42400
taxable account: $43200
Over the next 3-4 years, we will be able to save approx. $4k to $5k every month. My question is really what is the best way to invest this money. Right now, I don't put anything in the TSP. I have vanguard mutual funds (wellington and wellesley) and then my fidelity account, I trade only individual stocks and etf's. I'm getting more and more interested in mutual funds and I try to focus on interest and dividends and take the capital appreciation as it comes. I've been thinking about vanguard star, and other vanguard mutual funds (st invest grade, total stock market, etc), but also the TSP.
What all do you suggest?
Thanks,
What a great forum! My spouse and I are 30 y/o and I've got 7 yrs active duty and she works full time. I wanted to get everyone's opinions on the military TSP as well as other retirement solutions. Our goal is to be fully retired at 49. We have 2 girls that 1 will be out of college and the other will almost be finished at the time of retirement. I will be eligible for an active duty retirement at 44 y/o, but at our investment rate, I wouldn't be fully comfortable fully retiring at 44 (I may or may not go past 20 in the military, but I will continue to work until 49). Currently, we are very blessed to be in a good financial position and I want to capitalize on this by making smart financial decisions with the extra money.
Current cash assets:
Roths: $33500
401k: $42400
taxable account: $43200
Over the next 3-4 years, we will be able to save approx. $4k to $5k every month. My question is really what is the best way to invest this money. Right now, I don't put anything in the TSP. I have vanguard mutual funds (wellington and wellesley) and then my fidelity account, I trade only individual stocks and etf's. I'm getting more and more interested in mutual funds and I try to focus on interest and dividends and take the capital appreciation as it comes. I've been thinking about vanguard star, and other vanguard mutual funds (st invest grade, total stock market, etc), but also the TSP.
What all do you suggest?
Thanks,