Hello! New reader/poster here and I need some help figuring out what to do with my money. This forum/blog has helped me greatly in the last couple months in which I’ve sold an expensive car and got a cheap commuter, maxed my TSP (government worker), sold about 2k worth of stuff on craigslist so far, bought some clippers and cut my own hair, opened a betterment account to play with, and so on. I’ve always been very frugal and decent with my money, but this blog has helped me step it up quite a few notches!
Anyways, my goal is to retire at 48, I’m at 30 now. I have zero car/credit debt and just bought a house. Put 20% down and did a 15 year loan and of course would like to pay it off sooner. At 48 I should have about 600k in my TSP and when I turn 60 and start collecting 1million maybe? Also I’ll get 25% of my top 3 till I croak. I should have plenty from 60 on.
The question is what should I do for 48 to 60 for money? I could put 1k a month into my betterment and have 500k by 48 which would give me about 3400/month which is plenty but not sure if that’s the best way to go. I’ve been reading about doing the 5 year trick with an ira but need to do more research into that as well. Any input in appreciated, thanks!