Been military for 16 years. I currently have 135k saved in stocks and mutual funds. I also have an additional approximately 200k in retirement accounts. I own two homes, one that is currently being rented out (valued at about 160k) and an additional home (valued at 280k) that i currently live in. I plant on retiring in about 4 years and then plan on working at another job unknown for second pension.
But I save money every month, small amount of credit card debt. I just feel like I could do more.
-Buy another house at a 15yr loan and hope to rent it out. Or 2.
-just continue saving in the market. Im thinking too narrow minded on it and need a new perspective.
I feel like I could be doing more. 35 yr old Active duty Military.
byu/cameronsword_1989 inpersonalfinance
Posted by cameronsword_1989
6 Comments
Go to medical. That should be your main priority at this point
Housing market seems to be at a strange spot. I’d recommend investing further. Diversify with HYSA, bullion and stocks. Max retirement accounts now.
Document everything for the VA. Everything. Start prepping for your transition out. 4 years will go quick and having another income/job lined up is key. Network now.
You’re doing great for your age. I don’t know if investing in real estate is the play right now. Keep investing aggressively and build a nice cash fund if you don’t already have one for emergencies.
No big picture help here bud but you seem pretty competent. Imho it may be wise to review your allocation- many experienced voices are expecting a significant reset in equities… best of luck and thanks for being a pro in worlds finest force for good!
Pay off your credit card in full each month.
Buying a [house](https://www.youtube.com/watch?v=zWoVDT8rKWk) in 2025 doesn’t make financial sense.
Max out a Roth IRA if you are eligible. Invest in a low cost target date retirement fund. ([e.g.](https://investor.vanguard.com/investment-products/mutual-funds/target-retirement-funds)).
I’m enlisted navy 11 years. About 300K invested as an E5 and done best to save since day 1. Was wondering what I could have done to be where you are? Maybe your officer or something but was hoping you might advice for your junior? 😅