I’m currently 30 years old working out of the San Diego area. We live in our forever home and it will be paid off in under 20 years.
I Will retire from the feds as a GS 13 step 10 @ 57 (36 years of service)
I Will retire from the Marine Corps Reserve as an O4 @ 43 (8 enlisted + 12 officer= 20 years of service). I will receive that pension @ 52
My retirement incomes would include:
-Federal pension
-Social security
-TSP account(s)
-100% VA Disability
-USMCR Reserve Retirement
-Retirement life insurance policy
I have two TSP accounts. I have now just started to take a look into investing options with the TSP. I think I can afford to be risky because I have multiple sources of income. I just switched from LFund 2055 to 80% C and 20% S, but I have been reading and hearing conflicting information that advise against that. What would you guys do if you were me?
Posted by No-se-nada-
2 Comments
Either one is fine. The 80/20 C/S is more risky. Some people consider their pension as the “bond” portion of their portfolio but you’re still a long way from actually having a pension.
Do you have 8 years of active duty service while you were in the Reserves? Do you already have your disability rating? Why are you using a life insurance policy for retirement investments?
Thank you,
Yes 8 years active duty enlisted, got out received my 70% rating, started a career in federal law enforcement and finished my M.S. Then I commissioned went to OCS, TBS, MOS and the development tour for officers (1 year of active duty) and went back to work at my civilian job. Shortly after I got rated 100% from an appeal I was previously denied. I’m going to continue to serve until I hit 20 sat years. At this point, I’m doing it for the retirement and not the income.
I have 3 life insurance policies (term and whole) The one I’m talking about allows me to withdraw without penalty and it has some pretty consistent high performance.