|Market took a nose dive, this has had the most significant impact on my bottom line. I was able to grow my savings by a fairly healthy margin.
Increased my TSP contribution this month to $4200, and added an extra $550 on top of my mortgage payment. I will pay off my mortgage in 13.5 years if I continue paying on top of my minimum.
I won't see my cash savings grow much more for the rest of the year, but I will add $33,000 towards retirement for 2010. This includes $5000 in a ROTH IRA, and another 28,000 into TSP, of which 20K will be tax exempt. This equates to about 37% of my total income going into retirement, with another 21% into my mortgage.
Since I will be deployed part of next year, the max I can put into TSP for 2011 will be 49,500. I don't think I will be able (or willing) to put that much away into retirement, but I will certainly try to save as much if not more than I did in 2010. |