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[quote=Anonymous][quote=Anonymous][quote=Anonymous]By the way, I wouldn't necessarily count on a pension at 20 years with the military. Changes will be coming and until you reach 10 years+ of service, I wouldn't assume you would be grandfathered in.

Ingestion retirement funds in real estate is a pain--everything has to be kept separate. It's not really worth the trouble. Also, you need to factor in inflation when buying properties in 18 years--$150k is awfully low (even for non DC markets).[/quote]

That would be disgusting if they cut military pensions.[/quote]

For people looking to retire at age 40?  :roll:

You really do need to be putting money into a Roth IRA now.  All the gains your taxable mutual funds have earned you will be taxed when you start using the funds.  If you are making $132k a year or whatever you projected, that puts you in the 28% tax bracket.  Who knows what the tax rate is going to be 20 years from now.  You are going to need money when you are 59, right?  So why not have it be tax-advantaged?  If you are so concerned with building wealth over the long term, that is the best way.  It's freaking free. You might even qualify for a saver's credit.  Don't forget you can always access the principal if you absolutely need to, it's just not recommended because it is like burning money (which is what you are doing now by not investing in a Roth.  Another thing to keep in mind: Roth isn't an option once you make over around $120k, so you need to take advantage of this now.

Seriously, each of you should go put $11k into a Roth IRA before April 15th.[/quote]

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