I'm 20 years old. I want to buy a house in 4-5 years. This past year, I've saved $10k and put $320 into retirement every month.
What do I do to get there? Also:
>im in the military
By the time my enlistment ends I'll have at least $40k saved up unless I contribute more to my TSP.
What do I do to reach my goal? What else can I do financially?
>>1080672
Do you do your banking with usaa? If so you'll have an easy time buying a house as long as you save up. They also have great investing tools and good savings plans.
>>1080742
Not USAA but Navy Federal
>>1080672
Sounds good man. Just stick to the plan and don't do anything stupid like buy a car. You should be able to take another 10k out without penalty from your retirement plan to go towards a down payment if you need to. I wouldn't feel too guilty about it because your home is still part of your retirement plan.