Young(ish) Buck looking for some TSP advice
Served for 6 years. Got out, did some contracting, and now am a Federal civilian NH-03 (0080). Been serving as a civil servant for close to 3 years now. I am currently 28 years old.
Admittedly, did not contribute as much to my TSP while I was a young/dumb airman. But, have two TSP accounts now becuase of my enlisted and civilian service.
In total the acounts sit right under 50k currently. Vested at 80% in C, 15% in S, and 5% in I funds. I contribute my 5% (Roth) with the government's match of 5% (from what i understand NOT Roth).
From what research I have done, the only conclusion I have come up with is: up my contributions, work civilian service as long as possible (30 years ideally, to take advantage of the government's early retirement incentives while still being under the age of retirement) and just sit and never touch it or even think about it until retirement time.
Is that the right strategy? I can't shake this feeling that even if i successfully do all of that.....i'm still WAY behind the curve if I want to retire financially worry free. Having my salarie's worth of $$$ in my TSP by the time I'm 30 seems almost impossible.
I appreciate any and all insight!