[USER]

Hello everyone. I’m recently retired from the military and in school to become a teacher. I have about 3k I’m able to invest every month. 80k just in a regular savings account. And 14k in TSP.

Tips and advice on where to start. PLEASE and Thanks in advance.

Also I just ordered the simple path to wealth

[Brein]

Simple path to wealth and the chooseFI books would be your my recommended companions!

Start with getting your foundation right having reserves for emergency in a high yield saving accounts, and allocate money to retirement accounts such as 403(b), ROTH IRA to assets like low cost broad base index fund like VTSAX!

Do your research to fit the benefits that your veteran status provide. And Good luck with your journey!

[Rashad]

See if your district offers Vanguard or Fidelity as a 403(b) provider.
Let’s suppose your district has Vanguard. You can do $1958/mo into VFIAX or VTSAX in the 403(b).

Then you can do $583/mo into FSKAX or FXAIX in a Fidelity Roth IRA.

Then you can do around $459/mo into VOO or VTI into a brokerage account with Fidelity.

That would give you around $3000/mo in investments with a decent balance or pre and post-tax.

Congratulations!

[Andy]

Open a Roth and max that at 7000. Then invest the rest in a brokerage account.

Just invest in VOO. Keep the money in TSP.

[Keith]

Well, the SPW is great. Also check out “The Little Book of Common Sense Investing” by Jack Bogle, founder of Vanguard and originator of index funds.

[Peg]

Index funds are safer than individual stocks. Open a Vanguard account. People live the Vanguard Funds.

[Author]

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