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@resjudicata Yea OP is doing ROTC which doesn't count, so he may be getting some devastating news about this subject. I genuinely believe he's 1 day short unless the leap day is not a factor.

@needhelp20 Discipline, lol. Look man your housing situation sounds better than 95% of most people who buy anything over a 1k sq ft house. Realistically for a house in the 200-400k range plus utilities, plus bills, plus food, gas expenses, etc. You're looking around 4k on average. You come...

@mintdrake Ehm, yea, I get what you think you're saying, but I highly recommend you look at the Pension and the TSP separately. The pension should be a bonus, but there are a number of things out there that can prevent you from making it to 20 years. You can also manually calculate your...

@mintdrake I have found that it's worthless. Unless you have tracked and averaged all of your contributions and returns up to the point you're inputting the information, which is unlikely. You're better off using a simple 401k calculator and inputting where your accounts are currently at and...

@needhelp20 Except it's really not. $3500-4000 is not comfortable. It's a wonderful survival net, and a great bonus once you have another well paying job. Your average O4 is married and likely has at least one child. Some may be less, some may be more but that's the average. 4k a month is...

@needhelp20 No, it's completely accurate as those are all currently calculated numbers. As far as lifestyle creep, everyone falls prey to a degree. Not necessarily to living paycheck to paycheck even with pay Increases, but as people get paid more they tend to spend more. Obviously I'm not...

@gabechosen15 Mil to mil both retiring is fairly rare. Like I said, comfortably? No Survive? Absolutely People generally build to a higher standard of living as they get older.

@resjudicata An O4 isn't going to live comfortably either. Survive? Easily If an O4 retired right now at 20 years? Under High-3 they would make $4,403 a month Under BRS the y would make $3,522 a month Not all, but most FGOs have families and are used to living on 120-140k a year...

@resjudicata It really depends on what your goals are. If you put it in an IRA you can access the contributions penalty free whenever. So if you're looking for liquidity, then the max the IRA out, and put in enough to the TSP to get the full match.

@resjudicata Well, yes. You have a higher contribution allowance in the TSP than you do with an IRA, so the more money you put in the TSP as early as possible the more it will compound over time. You can potentially retire from the DOD at 40, bit you'll almost certainly need another job after...

@kitty346 The problem is the ADSC. Your opinion is only 1 opinion. That ADSC is way to long to make that little bit of money in any way tantalizing. If someone is on the fence, it might even push people to just leave. Its already been proven that massive bonuses for pilots are not enough to...

@holywalk Absolutely, TSP then IRA. An IRA should be the last thing on this particular list. L fund should also be the default option, with advice to check out the CSI funds with research and risk tolerance.

@kitty346 Yes, but 2.5x base pay is insultingly low for the ADSC ask.it needed to be a 5x scalable to 15x. That would allow for more realistic retention style bonuses the way it was designed. 5x a 4k E6 after 12 years is 20k, thatsbat LEAST an additional 5k a year per ADSC. Thats like the...

@kitty346 Yes, but if you have no other ADSCs, 4 years for such a pittance of a bonus is literally offensive. Especially if someone is on the fence when it comes to staying in.

@bellpepper The cost value ratio is off. The ADSC should scale with bonus multiplier. 4 years for 10k-20k? Thats insulting

@mohamad 2.5x for 4 additional years? They can fuck off for that. I might do it for MAYBE a 10x multiplier. Even that thats still abysmal, for a 4 year ADSC. 2.5x is 20k for an O-4/Major, or a bit over 10k for an E-6/ Tech. That is literally offensive to expect people to sign that. Even a...

@revelation2012 True true. So both Traditional and Roth are viable, just depends on the individuals financial situation.

@revelation2012 And not only is a large chunk not taxed a lot of people don't cross that 22% threshold period. For a single person, the threshold is $39,500. The standard deduction is $12,400. So $51,900. Then factor in what money is taxed. BAH and BAS is not. Base pay and incentive pays...

@jennygeddes So what Jopa said is kinda true but also a bit misleading. To get the right answer you need to answer some questions. Basically you want to avoid crossing the big 12%/22% tax threshold at around 80k taxable income. Your job post military is irrelevant because these contributions...