military

  1. L

    E-6 Budget in Germany. Thoughts and opinions?

    https://sankeymatic.com/build/?i=PTAEFEDsBcFMCdQDEA2B7A7gZ1AI1tBrLJKAHJoAmsWANKCgJYDWso0AFo1gFwBQIUEOHCAymgCu8AMZsA2gEEAsgHkAqmQAqAXVCaAhvADmBPnwDq%2BkzjkAOAKwBOW7oBCEyiehn3ngqDkANkCAFl0DAA8aPl8vAIAmRwAGAEZdAAlJLEZIIxiPOLkUpJLdAHF4NFl4RhpgcH1oHKNQFQlvWP87Ur14fUgsAAc0eGhGxjRIfL9oAOKezVEABWnC%2BJ6A...
  2. R

    Money management ,S&P 500 vs realestate vs elsewere

    35 year old E5 in the national guard looking for advice . Have abt 135000 in hysa and 90000 in a regular jumbo savings account . I started my 401k contributions later in life in comparision to my peers and it stands abt 70000 . Apart from this have abt 42000 in company stocks and abt 40000...
  3. M

    Can someone help me calculate how much money I’ll have next year from military pay?

    Ok so, im in the national guard and I’ll be gone for 200 days and if i decide to do my 6 months orders after i come back from basic it’ll bump up to 380 days. I’d be earning at the E-2 active duty rate which is $2,261.10 total per month. I also might receive BHA which is an additional ≈$800 a...
  4. W

    Best options for a pre-nup?

    I know that we have legal services on post but let’s be honest if they were the best option they probably wouldn’t be in the army. Yeah hat are the best recommendations for where to go for getting a pre-nup? And yes I understand “iF yOu lOvE eAcH oThEr wHy aRe YoU pLanNiNg fOr a PoTeNtIaL...
  5. 4

    Alaska Finance won’t answer to verify

    I’m going to try to keep short and sweet since some get hung up on the details. My husband is looking to be a geo bachelor going to Elmendorf, he was given DAF Form 965 and told to pick one. He can pick accompanied or unaccompanied. What we are trying to figure out is if he leaves Korea and...
  6. B

    Shipping out in May as E-3. 15k in student loans. How should prepare financially?

    Hey Everybody, I’ll be shipping to bmt in late May as an E-3. I saved up 10k in emergency fund, 12k in Roth 401k & Roth IRA. Plus I have 1k in each saving and checking account. I earn $2,600 after taxes every month. I pay off my credit card balance each month. Currently, I plan on saving money...
  7. S

    Buying a house in washington as an e-4

    Hello all, I am recently applied for a loan and got 445k pre approval at 4% from the bank. i am tis for only three years. And i have no debts besides montjly credit cards. I dont make a lot as you know, but with the help of bah, i make about 5k a month before tax and put 40% to tsp. So...
  8. T

    Finance Check-Up

    DINK, max TSP (legacy retirement, ideally O-5/6), 6+ month emergency fund in investments, $80k in student debt between SO an I (6.0% avg), no consumer/car/CC debt. Question is do we aggressively pay off student loan debt, or instead put that extra payment money towards our 6.125% mortgage? The...
  9. C

    Your TSP choices are bad.

    There's been a resurgence of poor investing ideas surround TSP lately. I've posted on the subject prolifically, but like fighting a hydra, as I tackle one bad argument for 100% C fund allocation, 3 more replace it. I'm going to try and combine a lot of my previous posts into this and just cover...
  10. H

    Quicken Loan VA IRRRL too good to be true? What would you do?

    I am currently shopping for VA IRRRL and got a quote today. This is my forever home and I’d like to get some opinions on whether or not I should pull the trigger. I am excluded from VA funding fee due to my rating. I am hesitant because the guy handling this seems really pushy and gives me a...
  11. M

    Selling Back Leave during Officer Retire/Retain

    I'm approaching my 30 year statutory retirement as an O-6 and have been approved for four months of "Retire/Retain". I am planning to sell back 60 days of leave. A friend recently told me I have to sell it back at my statutory date and that I will not be able sell it back at my separation...
  12. P

    E-4 Going to Academy. Any finance tips?

    I received a direct appointment to USAFA and am leaving in 3 month. I have about 10K saved up in a HYSA, car paid off, investing 25% in TSP. Is there anything else I could do in these 3 months?
  13. I

    Tax return?

    Any advice on what to do with this upcoming tax return? For reference I'm an E-2 making around $700 every paycheck after putting 15% in my TSP. I have a car loan for $17,000 left on it around 4 years of payments left, $3,000 in an emergency fund/cash savings, $2,000 in my TSP and around $2,500...
  14. S

    PSA: If you are currently invested in L2050, 18% of your funds are allocated in G+F

    Like most of you I recently got my Q4/Annual statement. TSP has always been pretty set and forget for me. I was looking over the performance of my folio and felt like it was a little low. I have about half my allocation in L2050 and the rest in C/S. The current allocation setting for...
  15. G

    Deployment or commission, from a strictly financial pov

    -Am about to age out of commissioning. It’s one or the other -NG member, 11 month deployment w tax advantages/hazard pay etc is 2x my civilian salary -want to do 20 (or until my body gives out), currently on 6. In the long run, the O-side pay beats the quick hit of a deployment, but that...
  16. K

    How am I doing Financially?

    Just some background on me and my current situation: -24yr old E-3 Air Force. -No debt. -About to get married in April. (No kids yet.) -Investing 15% in my Roth TSP. -Recently opened a Roth IRA with Vanguard. -Combining all my money from my bank accounts, I have little over $10,000 saved...
  17. N

    I PCS’d back to US in Sept 2019, just got a debt letter from DFAS for $17K!

    I’m a civilian, and have been at this same address ever since I returned 4+ yrs ago. And this is the first time they’re telling me I have a debt? AND, I retired 2.5 years ago…so it’s not like they couldn’t find me for the first 1.5 years after I returned. And, if the money was really a big...
  18. G

    New to the service and want investing advice.

    I'm a brand new LT who just got stationed overseas. I really want to set myself up financially to secure my future. When I got here I had about 20k saved up and bought a used beater car for $5.5k cash. I decided to Iive on base because I hate traffic, want to save gas, and like to be close to...
  19. P

    2022 TSP Contribution Tables

    I was hoping to wait until the IRS published the TSP contribution limits for next year and DFAS published the 2022 pay tables to finalize and post the TSP contribution tables. The National Defense Authorization Act is still stuck in Congress and DFAS is already making TSP changes effective in...
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