Originally Posted by
Frixxxx
Excellent..Here's what I need answered: Do you pay taxes? The reason I'm asking is because your tax liability is very low. Second, do you plan to retire from the Navy? Because if you do, it is like getting a $1 Million Dollar annuity after 20 years. Now, answering those questions, since you own a house now, I'm sure you will have to leave there in the course of your career an will either sell or rent the humble abode. Now, based on you are going to retire militarily, I would focus any investing dollars toward a Roth IRA. I would also make sure that you keep your house no matter what (unless just impossible) during your other career PCS's. Remember it is the balance of capital versus taxation. But this is also a very limited look at your life....There are many life changes that you will have to balance the equation....Many equations are different. Enjoy the journey!
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