My wife joined the US workforce back in 2008, and she has worked every year since then. I am so excited for her to be able to retire at age 45 if she so chooses. That would give her 21 years of working in America. My wife does not have a traditional defined pension plan lined up for her, so we have to be creative. Here is her plan:
As soon as we have $200,000 in our investment portfolio, we will concrete on paying down house #2, in Pensacola. This house is a smaller starter home. The returns on this house are great. Currently, we owe $170,000 on this house. The goal would be to pay down the home in 3 years. That would still leave us 3-4 years left in the Marine Corps.
During those final years, we will ensure she has $1,000 to $1,500 of investment income from stocks and bonds. All and all, she should have about $3,000 a month of rental and investment income. This is without any of our military retirement income. This way, she can focus on doing things that she loves to do.
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Disclosure: I am not a financial advisor or money manager, and any knowledge is given as guidance and not direct actionable investment advice. Please research any investment vehicles that are being considered. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article
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