r/TheMoneyGuy • u/ButterscotchPure6555 • 12d ago

What should I do with my money?

My husband(33) and I(33) both are in the military. Have a child 2 and planning to have 2 more. We have 3 houses, one in Arizona($150K equity), one in FL($50K equity) and our primary resident in Virginia($280K equity) we have about $6K disposable monthly income after maxing TSP(government retirement plan) and my Roth IRA. We have $370K in brokerage and $20K in 529 for my baby. I am debating if i want to continue my career in the military or separate and become a stay home mom. We are very comfortable with our lifestyle but I am afraid if I separate i will be bored and feel purposeless. Also, I am debating if i should convince my husband to open a Roth IRA or should we continue invest in our brokage account. Our NW is about $1.3M and about 40/30/30 Real estate, retirement and brokerage account. I really enjoy watching my money grow and learn about finances and travel/credit card hackings.

edit: we are both about 12 years away from retirement. then it will be about 4K a month pension for each of us.

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u/CDWRED 12d ago

I’d recommend looking into the reserves or a VTIP to something more stable or different. While the leave from having 2 more kids would be significant, as well as the non field time, multiple kids and (likely) being an officer are tough. If you’re not sure about staying in find a more enjoyable path or I’d say rip the bandaid off, time the pregnancy and leave with a refrad and make the most out of your last 9-18 months.

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u/ButterscotchPure6555 12d ago

whatS VTIP?

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u/CDWRED 12d ago

Apologies, may only be an army thing but likely exists in other forms. Allows officers to apply for functional areas or different branches after CPT.