It’s really a personal choice. My uncle was an engineer, West Point graduate, combat Veteran, Airborne Ranger, Pathfinder, Jungle Combat Expert, worked at the Pentagon, and was a full bird Colonel. He probably felt like he had done enough.
My wife tells me this is my only chance. She’s not going to do it if I wait any longer.
Yeah he's seen more action than hopefully any of us will have to. What a wild career.
To put it in perspective, he graduated West Point in 1956. His classmate was General Norman Schwarzkopf, the coalition commander for the Gulf War. Schwarzkopf stayed in 1956-1991. My uncle retired in 1977. Another 14 years is a long time, especially when you had already given 21.
The Blended Retirement System isn’t bad either. That 40% on top of a maxed out Thrift Savings Plan with the Navy matching 10% will have you sitting pretty good at the end of 20 years. Just make sure you jump on it as soon as you get in. Do your research on it and move the funds around so that you can make the most of it.
What now?
assume that is just the name of one of the targeted retirement funds you can choose to invest in
Thanks. Brain fart moment there. Should’ve known. Likely a Vanguard fund.
It’s essentially how the brokers manage the money you put into the TSP. Here is a good point of reference: https://www.investopedia.com/articles/investing/061113/breaking-down-tsp-investment-funds.asp
Yeah, I understand. Target date funds are likely what I'd use in a military retirement account. I currently manage my own IRA, so I accept a little more risk in it. Wouldn't mind having a conservative fund, though.
My OR is usually pretty responsive, but he’s started to ignore my texts asking about IWC results.