I'm 20 years old. I want to buy a house in 4-5 years. This

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Anonymous
2016-02-06 20:11:17 Post No. 1080672
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Anonymous 2016-02-06 20:11:17 Post No. 1080672 [Report]

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?

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Anonymous 2016-02-06 21:27:53 Post No.1080742
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Anonymous 2016-02-06 21:27:53 Post No.1080742 [Report]

>>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.

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Anonymous 2016-02-06 21:33:14 Post No.1080746
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Anonymous 2016-02-06 21:33:14 Post No.1080746 [Report]

>>1080742
Not USAA but Navy Federal

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Anonymous 2016-02-06 21:54:59 Post No.1080767
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Anonymous 2016-02-06 21:54:59 Post No.1080767 [Report]

>>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.