Currently an E-4 with a little over 2 years TIS. Very little expenses, so just looking for some help in terms of how to prepare for my future in terms of finance.
Current situation:
-3k in checking
-34k in very low yield savings (trying to get it out but current bank limits external bank transfers to 6k a month. Was thinking about putting it into a 3 month CD and when it matures just transferring into a new bank)
-15k in 1 year CD at 5.5% bought back in Jan.
-5k in I Bond bought back in Nov. 2022
-15% going into TSP
-Monthly necessary expenses (live off post due to lack of barracks) is 1650. I’ll give an extra 200 to wants. So spending 1850 a month
-Current take home is 3681.76 (after TSP and all taxes)
Appreciate any advice
Thank you
Wondering where to go from here
byu/bamboozledagain1 inMilitaryFinance
Posted by bamboozledagain1
1 Comment
Take 7.5K I believe is this years limit and throw it into a ROTH IRA. Then save 7.5 or more depending on limits for next year and throw it in there.