Search results

@itsnikki Happened to come across this today and thought it might help: https://www.forbes.com/advisor/student-loans/veteran-state-college-benefits/

@itsnikki Start with the state which you enlisted out of, i.e. your home of record. Most state-based programs typically base eligibility from where you enter military service, not where you retire. Start there.

@itsnikki Some states have their own GI bills (or equivalents) which offer additional benefits. My home state gives extra benefits to veterans who separate or retire with 30%+ VA disability, including 128 credits or 8 full time semesters for each of your kids. I have considered opening 529...

@kaelyne821 PCSing away from somewhere that had a casino within walking distance was probably one of the better things to happen after getting orders, haha.

@avram Yeah, that's another idea I've been tossing around. Do I scale back the Roth/retirement contributions to build a better nest egg in my taxable account to bridge from military retirement until I stop working entirely. I'd hate to pass on the tax benefits of contributing to Roth accounts...

@rooneysoccer Putting the rental properties on hold for now. Out of state properties present challenges I didn't want to mess with anymore. Also, i couldn't pass up the valuation on the property, particularly since the property will need $15K to $20K in deferred maintenance within the next 3-5...

@resjudicata Yeah, we'll move back home to the Midwest, all of our family is there. Just don't know exactly where which is why we haven't pulled the trigger on a future primary residence.

@gspfever08 Yeah, that was kind of how I got into the rental property that I had purchased back in 2018. Had cash sitting around, wanted to diversify outside of the stock market, and after reading everything I could for 6 months on real estate I made the leap and bought a property in my home...

@blizzardwild I might get back into rental properties once we settle down back home in roughly 6 years. Trying to work with PMs from out-of-state and not having eyes on the property can be hard at times. Real estate where I'm at now won't cash flow as rentals unless you find distressed...

@chole I've been reading more and more into it, but I don't know that I'm ready to pull the trigger yet. Any good resources I should look into?

@favord I'm glad Bitcoin worked out for you, that's great. I've gone back and forth so many times on just throwing something into crypto, but have not yet to this point. I've wondered about Fundrise and other eREITs like that. Have you used Fundrise personally? If so, how has the experience...

@winnette To this point, I've stayed away from crypto. I still think about it, but I don't know that'd I personally throw more than $10K into crypto. Part of me says, just do it. The other part of me can't stand the volatility.

@giannis I need to read more about options strategies. I've only really ever looked at buying calls and even then I didn't pull the trigger. Any favorite books you'd recommend?

@hailsatan666 Those C8 mid engine corvettes sure do look fun, but probably not the right time, haha.

@kgb52 Leaning towards either the 50/50 (or 70/30) split right now or dollar cost averaging the whole thing over the next 9-12 months into low-cost index funds. The math says ROI over the next six years should be better investing vs early mortgage pay down at 3% interest. Emergency fund is...

@outofegypt So, I've always been a super saver. I started investing what I made working 3rd shift while in college before deciding to join the military. I started funding my Roth IRA fully when I was 22 years old and started putting $15K/yr into my Roth TSP (401k equivalent) once the Roth...

@hrr16 That's not a bad idea. I'll have to take a look at what I have for all of that so far. I know at one point we had living wills, and PoAs, but it might have only been valid for the deployment.

@johnnyvee333 You're 100% right. I'm still surprised how quickly it bounced back after the initial covid drop. I'd probably just feel better dollar cost averaging into the market over several months as opposed to just investing a lump sum.

@johnnyvee333 I've been half hoping the market would take a 20% dump right now so I could load up on some high yield equities/ETFs and take advantage of increased yields. $50K in dividend income is awesome. What kind of yields are you getting to achieve $50K/year?

@resjudicata I sold the rental for a 50% gain after 3 years of owning it. It's in an area which outside of the current housing boom has not appreciated more than 2-3% per year. Within the next few years, it was going to need a new A/C, furnace, and roof. Knowing that, would you still have...