Search found 24 matches

by retirementbound
Tue May 08, 2018 7:56 am
Forum: Personal Investments
Topic: Military Retirement and Next Career
Replies: 8
Views: 1382

Re: Military Retirement and Next Career

EDIT - after seeing post history A COLA pension and benefits - you dont need any financial plan as none can beat this. You can be in taxable - 100% stock index. Take the job,keep yourself busy while enjoying life. I certainly will enjoy life. I think that this job provides the flexibility to do tha...
by retirementbound
Tue May 08, 2018 7:53 am
Forum: Personal Investments
Topic: Military Retirement and Next Career
Replies: 8
Views: 1382

Re: Military Retirement and Next Career

I certainly understand the sentiment and yes I know how fortunate we are. I was considering doing JROTC but I think this will be both rewarding from the teaching standpoint and the ability to keep learning. I think I will find myself bored with the winter break and summers off but can always dial i...
by retirementbound
Mon May 07, 2018 10:15 pm
Forum: Personal Investments
Topic: Military Retirement and Next Career
Replies: 8
Views: 1382

Re: Military Retirement and Next Career

I certainly understand the sentiment and yes I know how fortunate we are. I was considering doing JROTC but I think this will be both rewarding from the teaching standpoint and the ability to keep learning. I think I will find myself bored with the winter break and summers off but can always dial it...
by retirementbound
Mon May 07, 2018 3:27 pm
Forum: Personal Investments
Topic: Military Retirement and Next Career
Replies: 8
Views: 1382

Military Retirement and Next Career

You can see post history but will be retiring in September from the military with a pension of about $3900 a month. I was contemplating taking some time off while my wife finishes her last year in the military before her retirement. I was informed that I will be starting what I would consider the dr...
by retirementbound
Fri Aug 11, 2017 4:59 pm
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2018!
Replies: 384
Views: 75461

Re: Roll Call for the Retirement Class of 2018!

I may be an imposter retiree. I will be retiring from the military effective October 1, 2018. They beauty of it is that with the amount of vacation time I have saved I will start transitioning the beginning of July and stop working by the middle of July. Although I know this is a certainty I am not ...
by retirementbound
Thu May 11, 2017 9:10 pm
Forum: Personal Consumer Issues
Topic: S. Korea (Seoul+DMZ tour+?), 1 week in mid-May
Replies: 13
Views: 2136

Re: S. Korea (Seoul+DMZ tour+?), 1 week in mid-May

It has been about 7 years but lived there for 18 months. I would recommend the hike up to Seoul Tower and dinner at the top. There is a set price menu for ~$100 per person which was delicious and the tower rotates at night. I think it was worth the price. I think the yellow sand is starting right no...
by retirementbound
Thu May 11, 2017 9:03 pm
Forum: Personal Consumer Issues
Topic: S. Korea (Seoul+DMZ tour+?), 1 week in mid-May
Replies: 13
Views: 2136

Re: S. Korea (Seoul+DMZ tour+?), 1 week in mid-May

It has been about 7 years but lived there for 18 months. I would recommend the hike up to Seoul Tower and dinner at the top. There is a set price menu for ~$100 per person which was delicious and the tower rotates at night. I think it was worth the price. I think the yellow sand is starting right no...
by retirementbound
Thu Mar 02, 2017 6:01 pm
Forum: Personal Investments
Topic: 1st Post...TSP inter-transfer
Replies: 9
Views: 1465

Re: 1st Post...TSP inter-transfer

I second the advice of cancelling the EJ appointment. I was with them for a little over a year. Their advice is very canned and they are high on fees for what they provide. You can learn what you need to from the Bogleheads Forum, and the Boglehead books.
by retirementbound
Mon Jan 09, 2017 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: Military Retirement; "Should I stay or should I go now?"
Replies: 61
Views: 16519

Re: Military Retirement; "Should I stay or should I go now?"

Fatmoneyclip I have been searching through military posts and came across this one. Since this is about 17 months since you first posted I am interested to see what you chose to do. I am currently at 19 years and will most likely retire in September '18 but there are a couple of variables that may c...
by retirementbound
Thu Dec 08, 2016 4:33 pm
Forum: Personal Investments
Topic: Edward Jones to Vanguard - about to make the move
Replies: 46
Views: 6791

Re: Edward Jones to Vanguard - about to make the move

I recently made the move from EJ but to Fidelity since I have already had my IRA with them. I have always loved their customer service. Regardless of who you switch to ensure that you see if they are offering a transfer bonus. May be $100 or more and since you are making the move anyway it is a nice...
by retirementbound
Wed Nov 30, 2016 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: Help needed with Identity theft
Replies: 7
Views: 917

Re: Help needed with Identity theft

Identity theft has happened to me twice. The first was when my wife's purse was stolen. We froze credit cards but apparently tried to purchase a computer and three cars. I just recently had this happen to me where someone(s) applied for two different credit cards. Since you put in the freezes you sh...
by retirementbound
Tue Nov 29, 2016 8:55 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Rate Question
Replies: 7
Views: 1052

Re: Tax Rate Question

Your heart is clearly in the right place, but your analysis is missing, in my opinion, two big things. The first is the difference between marginal tax rate (the % you pay on the last dollar earned) vs effective tax rate (the average % paid on all dollars earned). Lots of people misunderstand the d...
by retirementbound
Tue Nov 29, 2016 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Rate Question
Replies: 7
Views: 1052

Tax Rate Question

I am trying to assist a couple with their personal finance and investing. There are some hurdles to get over before this will probably be relevant but the goal would be to have this worked out to be in effect for 2018. I have not done this level of analysis before so this is a good test for me but w...
by retirementbound
Mon Nov 28, 2016 5:40 pm
Forum: Personal Investments
Topic: Millionaires living in lower end neighborhood by choice? Do we move?
Replies: 17
Views: 4628

Re: Millionaires living in lower end neighborhood by choice? Do we move?

We moved a lot due to the military and I have lived in houses/apartments/mobile home ranging from 800 sq ft to 4600 sq feet. Not counting deployments I have had 13 different addresses over the last 19 years. Our living situation has changed in size due to the addition of my parents and at one point ...
by retirementbound
Thu Oct 27, 2016 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Spent too much?
Replies: 36
Views: 9492

Re: Spent too much?

First of all you need to put things in perspective. Reading through some of these posts can be intimidating when you see high net worth at a young age. You could make the assumption that everyone has it together. There are many aspects to life that are not captured in someone's net worth. Also you n...
by retirementbound
Sat Oct 22, 2016 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Transitioning from Military
Replies: 21
Views: 3062

Re: Transitioning from Military

You've gotten great advice so far so I see no point in repeating what other's have said. I will however add two things ... 1) START NOW making sure ALL possible medical issues are WELL documented. You will be VERY surprised what will qualify for a disability rating. I have two things that I had no ...
by retirementbound
Fri Oct 21, 2016 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Transitioning from Military
Replies: 21
Views: 3062

Re: Transitioning from Military

Thanks for the heads up. That is crazy. I was shocked that they target pensions and investment income. Also can't believe that even if you have insurance as in our case military tricare which covers almost 100% that we still have to pay. Amendment 69 would probably take Colorado off the retirement ...
by retirementbound
Fri Oct 21, 2016 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Transitioning from Military
Replies: 21
Views: 3062

Re: Transitioning from Military

Great analysis of means Not so much on ends What are your goals? What are you saving for? Pensions basically cover costs. You have not described any big ticket items. Are you saving for private college for kids, grad school, inheritance? Once you have figured out costs of reach goals then you can f...
by retirementbound
Fri Oct 21, 2016 11:30 am
Forum: Personal Finance (Not Investing)
Topic: Transitioning from Military
Replies: 21
Views: 3062

Re: Transitioning from Military

retirementbound, First of all congratulations on you and your wife's upcoming military retirement! My wife and I are retired dual military couples (Army officers with prior service as well) and are early retirees in Hawaii. I turned down Battalion Command in Italy (the process was more difficult th...
by retirementbound
Thu Oct 20, 2016 11:52 pm
Forum: Personal Finance (Not Investing)
Topic: Transitioning from Military
Replies: 21
Views: 3062

Re: Transitioning from Military

Spooky thanks for the review. I agree on considering our pensions as inflation adjusted bonds. All future investments are going to total stock market funds. I agree with the concept however my wife is more conservative. We are making progress since when we started she was 60% government securities i...
by retirementbound
Thu Oct 20, 2016 11:44 pm
Forum: Personal Finance (Not Investing)
Topic: Transitioning from Military
Replies: 21
Views: 3062

Re: Transitioning from Military

Thanks for the heads up. That is crazy. I was shocked that they target pensions and investment income. Also can't believe that even if you have insurance as in our case military tricare which covers almost 100% that we still have to pay. Amendment 69 would probably take Colorado off the retirement l...
by retirementbound
Thu Oct 20, 2016 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Transitioning from Military
Replies: 21
Views: 3062

Transitioning from Military

Demographics: Married Couple: M (37) F (42) Dual Military both Officers Children: son (15) daughter (2) Current assignment: AZ Planned retirement: CO Male has high risk tolerance (Aggressive Growth) Female does not (Moderate) Income: Monthly Gross: M: $8263.03 ($6,881.40 (base pay) + $1,128 (Housing...
by retirementbound
Wed Oct 19, 2016 2:38 pm
Forum: Personal Investments
Topic: Retirement Advice
Replies: 6
Views: 1207

Re: Retirement Advice

To answer a couple of the questions that have been posed: Our pensions will be inflation adjusted based on CPI (typically -1% I believe) Utilities are based on CO (heat in winter) and water for lawn (HOA says it has to look nice) which both increase cost greatly. We lived in CO for ~4 years, 2 years...
by retirementbound
Wed Oct 19, 2016 11:29 am
Forum: Personal Investments
Topic: Retirement Advice
Replies: 6
Views: 1207

Retirement Advice

First time poster. I tried to be as detailed as possible but realize that the questions posed fall into both the investing and personal finance categories. Please let me know if I should post to both. Demographics: Married Couple: M (37) F (42) Dual Military both Officers Children: son (15) daughter...