Really looking for solid advice on things i can do to increase my net worth for retirement accounts, investing, saving, different account types. My income wont grow substantially over the next 5 years, probably cap at around 70k by 30. I'm 24 now.
Current Financial details:
33k in regular savings
10k in Roth IRA (Edward Jones)
1.5k in Roth TSP (government 401K basically)
3k in 401K through work (5% annually with matching)
No debt
Current income is 49k a year
In the next few months the TSP will become my main retirement account, I plan on contributing 5-10% income per year to that, and maxing out my Roth IRA at $5.5k a year using savings and monthly deposits. So all in all, I will have two main accounts, Roth IRA and Roth TSP for my retirement. Any advice on how I can boost these accounts through other means besides increased income?
Submitted August 11, 2018 at 09:48PM by chiefjudas https://ift.tt/2vZV30i
