Hello,
I am 28 and an E-5 in the military. I currently put 20% of my base pay into the Roth TSP. Of course I can't touch that until I retire at the age of 59 1/2 so I want to put money into another fund, I have $12,000 I want to invest for my retirement from the military, which will be in 15 years from the end of this month. I plan on kicking roughly 2K to 2.4K each year additionally into this fund. I been researching and think the Vanguard Target Retirement 2035 Fund fits the bill for me. I do have some questions, if invested into this fund, can I pull the money in 15 years or would I be penalized...is it like a retirement fund where there are stipulations or am I good to go? Would I open this account as an individual account or an IRA? The goal is to have roughly 50K saved at the end of the 15 years, more if possible, but this would be a nest egg to help me get by with my pension until I find a job, or to allow me to take some time off before jumping right back into work. Please let me know if I have the right idea, any suggestions/feedback are encouraged! Thanks.
Submitted March 17, 2017 at 08:25AM by Luckie-C http://ift.tt/2mzM9je
