Investing for retirement from the military
I am a Gunnery Sergeant in the Marine Corps with just under five years to retirement. Early on in my career, my wife and I began investing in separate IRA's through Pioneer investments (PINDX). We also invest monthly in a regular taxable fund (the same one). We started our investment in 2001 ($333.33) monthly and currently have approx. $65,000 combined. We have $11,500 in a money market through Navy Federal Credit Union and zero credit card debt. We own a house which we owe $99,000 on and it's current market value is apprx $149,000.
We are concerned that Pioneer may not be the best fund to have. We ended up with it through IRA&SPCA (now called First Command). Our goal is to have those IRAs supplement my military pension (estimated $2100 a month) down the road. I don't know if there is a better investment choice and if there was if I can just roll my IRAs to a new fund or if I will be penalized. Any help would be appreciated, I am currently deployed and immediately after this deployment, my wife and I have to start doing some serious planning, 2012 is coming up quick!! Thanks.