Hello everyone! I know most folks are not military docs, but I was hoping to get some feedback on my situation as it relates to investing.
Some pertinent info: junior staff, filing single, net worth is low 7-figures. 80% is in real estate equity, <10% in equities/mutual funds, rest cash.
Looks like tax bracket for the next few years will be ~28%
I decided to start contributing to the TSP again, I started briefly and stopped in 2015. My real estate side-hustle has grown quite a bit and conservatively pays me ~$3K in net monthly income.
I will be contributing roughly $15K the last 3 months of 2017 to catch up. Then will probably contribute the same the following years, plus pick up the 5% of base pay match. I has set a withdrawal of 50% traditional/50% Roth into the TSP. I think its just set it to the 2050 Lifecycle fund as this still gives the low 0.038% ER.
What are your thoughts on the traditional / Roth distribution I am doing? I don't know much about mutual funds but as someone else mentioned that I'm "up to my ears in real estate" which I cannot disagree with. My specialty pays at least double on the civilian side, but I am not sure I will be working full time after leaving the service. I am 70-90% sure I will be getting out after my commitment is up.
If I am off base on the 401k plan I outlined, or if I should be doing anything else, I'm all ears.
Some pertinent info: junior staff, filing single, net worth is low 7-figures. 80% is in real estate equity, <10% in equities/mutual funds, rest cash.
Looks like tax bracket for the next few years will be ~28%
I decided to start contributing to the TSP again, I started briefly and stopped in 2015. My real estate side-hustle has grown quite a bit and conservatively pays me ~$3K in net monthly income.
I will be contributing roughly $15K the last 3 months of 2017 to catch up. Then will probably contribute the same the following years, plus pick up the 5% of base pay match. I has set a withdrawal of 50% traditional/50% Roth into the TSP. I think its just set it to the 2050 Lifecycle fund as this still gives the low 0.038% ER.
What are your thoughts on the traditional / Roth distribution I am doing? I don't know much about mutual funds but as someone else mentioned that I'm "up to my ears in real estate" which I cannot disagree with. My specialty pays at least double on the civilian side, but I am not sure I will be working full time after leaving the service. I am 70-90% sure I will be getting out after my commitment is up.
If I am off base on the 401k plan I outlined, or if I should be doing anything else, I'm all ears.
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