Currently 23 years old and been in the Air Force for 4 years at the end of this week. Not satisfied with how much I have in my TSP (almost 13k in 4 years) in L2065. I do 10% plus the Air Force does 5%. What is the best Fund and other financial recommendations?
Bought first house 2 months ago instead of throwing rent money away. Still leaves me roughly $1300 ish a month left over after all my bills.
About $3500 in checking account.
About $13000 in savings account.
About $35,000 in long term stocks.
About $6000 in a second IRA account.
And obviously the $13,000 ish in TSP.
Goal is $100,000 before I’m 25.
Looking to grow retirement/TSP accounts
byu/im_a_boss1398 inMilitaryFinance
Posted by im_a_boss1398
1 Comment
Well put more money in. 10% doesn’t meet the minimum recommended, since a good portion of your money is tax free.
I recommend 25% for military numbers as gross taxable going to retirement. If you want to include a Roth IRA in that 25%, that’s fine as well.