military

  1. M

    Active Duty - Oregon Tax Return Questions

    Hello All. Looking for some sanity checks on my 2022 state tax return. I am active duty and serving out of state (Oregon, home of record). I have not bothered to file the tax exemption forms since I joined so Oregon withdraws every month. Up until recently my wife and I have just filed as...
  2. D

    PPM Overweight

    Here’s the situation: I am an E-6 with dependents and did a PPM. I rented a 26 foot U-Haul with an auto transport. I weighed the U-Haul without the trailer for my Empty weight and it weighed around 13000 lbs. I took it home and loaded it up. Take it back to the weigh station and weigh it...
  3. E

    What if I can't sell my home and I pcs?

    I currently have a VA home loan, set to PCS overseas in two months. I'm worried that my home won't sell and renting isn't a viable option for me financially. Are there any options for help with that? Idec if I break even I just want this stress gone.
  4. K

    Tax Season 2021: Resources and Questions megathread

    It’s that time of year again! I believe most W-2s are now available, so it’s time to remind everyone of the tax filing assistance options MilTax from Military One Source: Tax consultants available by phone. Starting on Jan 19, free access to H&R Block Premium tax software. In the past it’s...
  5. C

    How does the TSP grow exactly?

    Growing up listening to finance gurus, I always hear compounding interest. For simplicity sake, 5k turns into 10k, turns into 30k, turns into 100k, etc etc However, I have been contributing to my TSP 20% of my base pay every month for the past almost 8 years. And I just broke 100k. I feel...
  6. B

    10 years of actually caring

    Ten years ago I was 24 and much stupider than I am today. I spent the majority of my late teens / early 20's partying and blowing through money like I had plenty of it (I didn't). Ten years ago today I made a promise and decided to start saving money, for retirement and just for personal...
  7. R

    Planning ahead

    After doing a lot of research lately on different plans for retirement, I’m stumbling on finding solid information. Unfortunately I am looking to end my active duty career and spend the rest of the 20 years or so in the reserves. I enlisted for 4 years(which would put me at 9 years). Is it worth...
  8. T

    Military Family Next Steps/Financial Advice

    I am a veteran, separated after 6 years of service, in 2021. Wife is AD Air Force, currently been in a little over 4 years. She is an E-5 but will be an O-1E in the summer of 2025. At time of commissioning she'll be over 5 years with a 4-5yr commitment to the AF. She plans to stay in and retire...
  9. A

    Civilian TSP

    What are some civilian jobs that use TSP? I’m almost two years in the Air Force Reserve and my orders are ending soon with no job as of now. I have my Bachelors in Economics and Business and am eager to use it in the real world. I am just curious of what jobs use the TSP since I already have one...
  10. K

    (23/F/USN) Going through a divorce and also requesting single BAH

    Hello all, I have a service member that is in the process of going through a divorce and will be coming up on E-4 over 4 years of service (traditionally how most unmarried folks in the Navy get BAH). My question is how does the member go about not having any break in their BAH entitlement from...
  11. Y

    Should my SO and I both be maxing TSP/401k?

    My SO and I (35 and 36) bring in ~$180k gross. We have no debt other than a mortgage covered fully by BAH. We have two children in childcare (covered easily with our income) whose college is covered through a transfer of post 9/11 GI Bill benefits and a state benefit I will receive after a term...
  12. D

    Need help with Roth IRA

    I’m about to go on deployment in 2 weeks I currently have my TSP set to 20% Roth C fund 90% and S Fund 10% I recently started my Roth IRA with Fidelity and I’m currently doing 100% QQQ is this wise? Or should I diversify my portfolio? I’m new to do this and I’m planning to go aggressive with my...
  13. H

    Just got that DD214 - roast my new 60K budget please

    Hi friends, I (30F) just separated from the Air Force and am nervous to be on my own for the first time with less job security. Just moved to Raleigh, NC, accepted a job offer for 60K, and signed a 15 month lease on an apartment that was at the top of my budget range. I’ve definitely made some...
  14. C

    I Plotted Every Dollar Earned/Spent in First 5 Years in Military [X-post from /r/personalfinance]

    I've developed a pretty easy habit that gives me a satisfying amount of detail about my personal spending habits. Last year I got a lot of comments asking for more detail on how I do it so I thought I would give an update here. Please send me feedback/recommendations. I'd also just be curious to...
  15. A

    TSP Megathread 2021 - Thrift Savings Plan, BRS, Retirement, Roth vs Traditional, IRA vs TSP, Etc

    Seeing lots of TSP related threads so trying on an annual, pinned to the top mega thread to consolidate a lot of the questions and knowledge. Please comment with your questions and we will add the most frequently asked ones on the top. What is the TSP? The TSP or Thrift Savings Plan is an...
  16. S

    Setting my self up financially as an E-1. Am I right or Wrong?

    I am E-1 in the NAVY and was wondering if I am doing the right thing when it comes to my financial future. I was thinking of putting money into individual stocks but hand-picking stocks are really difficult as I already tried with the Robinhood app but it seems dificult if trying to beat the...
  17. R

    Stuck in AMEX popup jail. Wait it out or apply for cards w/o a SUB?

    Currently Active duty w/ 3 plats and a gold. I’be been in popup jail for several months and have been putting spend on all my cards. Contemplating moving forward and picking up cards w/o a SUB. How long would you all give it in popup jail before doing so?
  18. U

    PPM DITY move and payment for PCS

    So I’m in the army and going in a PCS move from Texas - California. I did my PPM paperwork through the DPS website and I’m alotted “x” amount of $ for my move if I move the max weight. So I plan on moving the max weight to my new duty assignment. If I use my GTC for travel expenses and the...
  19. M

    How accurate is the BRS calculator

    Basically what the title says. I want to know how accurate the BRS calculator is for comparison reasons. For someone who is currently active duty in the military and wanting to be apart of FIRE movement it doesn't make sense to get out the military even at a high salary if FIRE is the MAIN goal...
  20. L

    Why is selling back leave a sin??

    I’m skillbridging rn and have been talking to my supervisors about my plans. I’m taking advantage of all my new experiences so to maximize I am opting to sell back my leave so I can do the full 180 days. Queue supervisor giving me crap for it coz it is smarter to use it because you get your...
Back
Top