Hello all and thank you for taking the time to review my post.
I am a former military service member turned federal employee who unfortunately did not start investing until last year. Understanding my mistakes in the past, I am starting to get very serious with my investments and personal finances. Here is my current situation:
Age: 30 Goal retirement age: 58 1/2 GS-11 step 3, 2210 series (IT Specialist) Salary: 65864 Current TSP balance: 7790.57 Investment fund: L2050 Percentage: 5% traditional
I make an additional $22k/yr in VA disability, but that will likely grow to 38-40k here in the next two weeks. My wife does not work, so my income is all that comes in. We never live paycheck to paycheck and always have a surplus of $1K+/mo after bills and other "expenses" aka shopping.
Am I on track for success with my TSP? Would anyone recommend I tweak anything to be better? My long-term goal after catch-up contributions is obviously to have $1 mil saved up. Between VA disability, FERS retirement, and social security (if still existing), I think we will be set in retirement years. TSP will just be a nice savings to have on the side.
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