This is a topic that folks are hesitant to discuss in person, so I thought it would be good for this forum. I've been pretty disciplined during my USAF career about saving and investing, but I'm not sure how I'm doing as compared to my peers. I'm just trying to get a feel if I'm doing OK as compared to other officers, or if I need to rethink what I'm doing and get more creative about saving.
My net worth is roughly $703,000 broken down into:
Cash: $10,000
I Bonds: $21,000
CDs: $60,000 (PenFed Credit Union now has some nice 5-year CDs at 3.04%)
TSP 2040 Fund: $199,000
My Roth IRA: $95,000 (all in USAA's S&P 500 index)
Wife's Roth IRA: $38,000 (all in USAA's S&P 500 index)
Taxable Index Funds: $282,000 (all in USAA's S&P 500 index)
My goal is to reach $1 million by the time I hit the 20-year point. All of this money has come from my USAF compensation, not from inheritance, second jobs, etc. I've never owned a house. My wife has never had a paying job while we've been married and brought no financial assets or debts to the marriage. I attended a private university and started my career around $30,000 in debt. I'm a Cyber Ops Lt Col with 15.5 years of service, so I never got flight pay. However, I've spent much of my career OCONUS, and have received $136,000 in COLA and language pay.
So, I'd be interested to know how you're doing so I can figure out if I'm missing anything.
Thanks, Pajaro