quote:
Absolutely no debt (no loans, no credit card debt)
~40K in savings (5.5K in Roth)
Usually around 3K in my checking
Wife and I are both in medical school and get paid 1K each monthly stipend through USAF
School is paid for by the Air Force
Own my vehicle outright (~25K)

What are your plans for retirement? Do you both intend to make careers out of the military? If not, what are your career plans? What are your investment goals? These answers will be the key to helping you more.

For that Roth at your age you can only contribute $5K per year. It's good that you have one.

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Posted by tiger rag 93

KCMO

Member since Oct 2007

2574 posts

Posted on 1/12/17 at 10:11 am to CoachChappy

At this point I don't think either of us are looking to make military a career thing. More of do our required payback time and get out. That could change but I doubt it. We both have specialties we are eyeing, with all of them hovering around 250-300K per year average income for the US. But this is also likely to change.

Right now I guess my investment goal is growth. Not looking for steady income off my investing, but rather looking to have my money sitting in savings grow for the future. I'm tired of having that nice chunk of change just sitting there collecting dust.

I plan to max at the Roth until we hit the income limits, which I estimate will happen around age 30-32 after residency and military are said and done.

This post was edited on 1/12/17 at 10:16 am

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Posted by tiger rag 93

KCMO

Member since Oct 2007

2574 posts

Posted on 1/12/17 at 10:20 am to CoachChappy

I've considered sitting down with a financial advisor, just wasn't sure if that was necessary yet.

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