Feb 27, 2017
Today, I answer this question from a listener:
Joshua- Fan of the show and a Naval Officer. I have some
questions on overall investing strategy. I have close to 17
years in the Navy and will likely retire at 20 with a full pension
(about $55k/year before taxes), currently have $440k in retirement
savings for my wife and I split between Roths and TSP, have over
$140k in college savings for my 2 kids (8 and 10 year old, plan on
also transferring my GI Bill which will essentially pay for one of
their college educations), and have about $30k in taxable
accounts. We are selling our house in Norfolk, VA this year--
been a rental for 5 years but we are moving from Tampa to
Jacksonville where I will take Command of a Destroyer
there.
So- my question-- I am looking at getting into real estate
investing and slowing down retirement savings over the next 5 years
(from about $25k/yr to $12k-- maxing out Roths and minimum to
TSP). Curious to hear your take on my overall situation and
real estate investing writ large. Ideally we'd put about
$40-50k into things this year-- either buy and hold type rental
properties or a flip- and then snowball any earnings plus about
$30k annually over the next 4 years until I retire to setup passive
income sources. Thanks!
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