Hope everyone had a good New Year! Starting 2025 out strong, looking for thoughts comments concerns. All advice welcome on our Net worth breakdown
29M married to 28F. Military family stationed in Florida. Net worth including everything is somewhere around $500k
Income: $296K
My income: 125k (+5% TSP match)
Her income: 125k (+4% 401k match, +4k bonus)
Rental income: 46k
Retirement: $329K
401k: 202k
TSP: 69K
IRA 1: 41K
IRA 2: 17K
Funds: $80k
Savings: 10k
Checking: 10k
Brokerage: 60k
Real estate: $115k equity
Primary home: 25k equity, 485k value, 6.5%
Rental home: 90k equity, 645k value, 2.5%
Cars and other assets: $43k
1968 Mustang: 20k
2008 tacoma: 8k
2018 audi: 15k
Insurred collectibles: 12k
Debt: -$43k
Student: -27k @ 4% (Military will forgive this in 2028)
Auto: -15k @ 2.5%
Mortgages: listed above^
What do you think? We are young so go easy haha. I know Im heavy real estate but high income. We don't want to retire based on the 300k income we are making. Goal would be a 100k lifestyle. Cheers!
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