Frixxxx
Moderator
It won't be available until 2011-2012. So, depending on tax implications, it will depend on where you want to put the money.
But you're on the right track.:nuts:
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Hailing from CVN73
- Thread starter CalTech87
- Start date
It won't be available until 2011-2012. So, depending on tax implications, it will depend on where you want to put the money.
But you're on the right track.:nuts:
Frixxxx
Moderator
Hey Navy!
Watch what you're doing, and be safe out there!
Investment speaking, if you are going to retire on the dime of Uncle Sam, you might want to spread out your investment strategy.
1. You wil get a taxable retirement at around 40.
2. You aren't in a huge tax bracket right now, so you might want to look at the Roth IRA when it becomes available to have a nest egg that is not taxable in the future.
Congrats on making the decision to invest!
Invite all your friends and you can all sit around the ship talking about how rich you're gonna be!!!!!
Watch what you're doing, and be safe out there!
Investment speaking, if you are going to retire on the dime of Uncle Sam, you might want to spread out your investment strategy.
1. You wil get a taxable retirement at around 40.
2. You aren't in a huge tax bracket right now, so you might want to look at the Roth IRA when it becomes available to have a nest egg that is not taxable in the future.
Congrats on making the decision to invest!
Invite all your friends and you can all sit around the ship talking about how rich you're gonna be!!!!!
Good luck!
Hey, hi, how yall doing?
Coming from the lovely USS George Washington forward deployed in Yokosuka, Japan, now floating around "out there/here".
Came here due to interest, of course, in an easy retirement? Sure. Dont know a lot about the workings of the TSP, therefore Ive been dropping money in the G fund since my enlistment in the Navy 3.5 years ago, 10% base pay to start? Bumped it up to 20% somwhere along the line.
As Ive hit sea duty and not really spending a lot of money, another bump to 50%, if the max is $16,500/year, I wont hit it, but be under a little. Already have a COD "back home", money market savings account as "general savings"...
Im here to "learn the market" really, may not post a lot until I get the hang of it, but Ill be reading around as it seems theres a wealth(pun?) of information here!
Oh, Im 23 years old and Im told my numerous people that if Ive already got all these investment plans, even without the knowledge yet, that Im on the right track. Thats the idea right? Start early to have a base to play with once its second nature?
Thanks for the great forum!
Coming from the lovely USS George Washington forward deployed in Yokosuka, Japan, now floating around "out there/here".
Came here due to interest, of course, in an easy retirement? Sure. Dont know a lot about the workings of the TSP, therefore Ive been dropping money in the G fund since my enlistment in the Navy 3.5 years ago, 10% base pay to start? Bumped it up to 20% somwhere along the line.
As Ive hit sea duty and not really spending a lot of money, another bump to 50%, if the max is $16,500/year, I wont hit it, but be under a little. Already have a COD "back home", money market savings account as "general savings"...
Im here to "learn the market" really, may not post a lot until I get the hang of it, but Ill be reading around as it seems theres a wealth(pun?) of information here!
Oh, Im 23 years old and Im told my numerous people that if Ive already got all these investment plans, even without the knowledge yet, that Im on the right track. Thats the idea right? Start early to have a base to play with once its second nature?
Thanks for the great forum!
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