 |
|
03-06-2018, 11:43 AM
|
#21
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 21,304
|
Nicely done Walt!
It is funny how many of our generation are quite worried about what millennials and other younger generations will make of themselves, doubting they will find their way. But many of us were to various extents of the bra-less, mini-skirted, long-haired, sex-drugs-rock & roll, anti-establishment, (war) protestor Hippie generation, and our elders were probably at least as concerned as "we" are today. Some Boomers (former Hippies) have fared well, some have certainly not. It's not hard to make the argument that despite our Hippie idealism, Boomers are leaving us worse off than our parents did, but that's another thread.
It's probably timeless and normal for seniors to "wonder" about younger generations, needlessly I hope.
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
|
|
|
 |
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
|
03-06-2018, 03:09 PM
|
#22
|
|
Moderator
Join Date: Dec 2007
Location: Eastern WV Panhandle
Posts: 25,346
|
 Quote:
Originally Posted by Bigdawg
Wow! Just wow!. Good for her. Get her Nords book. "Military Guide to Financial independence and retirement"
|
I'd just thought of that during this thread and I'm going to order it for her. Thanks.
__________________
When I was a kid I wanted to be older. This is not what I expected.
|
|
|
|
|
03-06-2018, 03:22 PM
|
#23
|
|
Thinks s/he gets paid by the post
Join Date: Jan 2017
Location: Hog Mountian
Posts: 2,077
|
Awesome job Walt! Also, if she went from Navy Reserve to active duty, that might be a thing. As a retired (Army) reservist, Tricare allowed to retire at 60. Without Tricare, I'd still be in the gulag.
Is she enlisted grade? With her college, OCS might lead to a superb career path. I get the impression,she might be up to it.
Congrats to both of you!!!
__________________
Never let yesterday use up too much of today.
W. Rogers
|
|
|
|
|
03-06-2018, 03:31 PM
|
#24
|
|
Moderator
Join Date: Dec 2007
Location: Eastern WV Panhandle
Posts: 25,346
|
Quote:
Originally Posted by Red Badger
Is she enlisted grade? With her college, OCS might lead to a superb career path. I get the impression,she might be up to it.
Congrats to both of you!!!
|
Yes, she's enlisted grade. I don't know many much college credits she has but I don't think she has an AA degree.
She's a Master-at-Arms, I think equivalent to Sgt. rank but I'm not sure. She has expressed an interest in police work but I don't know if she intends to go career Navy. If she doesn't the G.I. bill will open a lot of doors for her and that's always a good thing.
__________________
When I was a kid I wanted to be older. This is not what I expected.
|
|
|
|
|
03-06-2018, 08:33 PM
|
#25
|
|
Thinks s/he gets paid by the post
Join Date: Jan 2005
Posts: 3,532
|
Great job, Walt.
Very inspirational story. Sounds like she has her life on a good track.
|
|
|
|
|
03-06-2018, 09:07 PM
|
#26
|
|
Moderator
Join Date: Jul 2017
Posts: 5,776
|
Kudos to you and your family for what you did for Sarah.  I remember reading about her in my "lurking" days.
__________________
Use it up, wear it out, make it do or do without.
|
|
|
|
|
03-07-2018, 09:10 AM
|
#27
|
|
Thinks s/he gets paid by the post
Join Date: Jun 2017
Location: Western NC
Posts: 4,633
|
Quote:
Originally Posted by Walt34
Yes, she's enlisted grade. I don't know many much college credits she has but I don't think she has an AA degree.
She's a Master-at-Arms, I think equivalent to Sgt. rank but I'm not sure. She has expressed an interest in police work but I don't know if she intends to go career Navy. If she doesn't the G.I. bill will open a lot of doors for her and that's always a good thing.
|
Might even be able to save the GI Bill benefits.
My youngest (heading straight to undergrad out of high school) strongly considered applying for the local police department's scholarship.
It was at a particular state school that wasn't their first choice, but it only requires 3 years in the department after graduation.
|
|
|
|
|
03-08-2018, 10:09 AM
|
#28
|
|
Thinks s/he gets paid by the post
Join Date: May 2014
Posts: 1,390
|
$600 a month is excellent. TBH when I was working that is pretty much all I ever managed to save per month. As young as she is that will grow into a nice nest egg.
__________________
Understanding both the power of compound interest and the difficulty of getting it is the heart and soul of understanding a lot of things. Charlie Munger
The first rule of compounding: Never interupt it unnecessarily. Charlie Munger
|
|
|
|
|
03-08-2018, 03:06 PM
|
#29
|
|
Dryer sheet wannabe
Join Date: Oct 2017
Location: Orchard Park
Posts: 18
|
I got through to my son at an early age about saving as much money as you can. He just told me the other day that he has already accumulated 100k at the age of 26.
|
|
|
|
|
03-11-2018, 08:24 AM
|
#30
|
|
Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,860
|
Quote:
Originally Posted by Walt34
Yes, she's enlisted grade. I don't know many much college credits she has but I don't think she has an AA degree.
She's a Master-at-Arms, I think equivalent to Sgt. rank but I'm not sure. She has expressed an interest in police work but I don't know if she intends to go career Navy. If she doesn't the G.I. bill will open a lot of doors for her and that's always a good thing.
|
Thank you, Walt, and that's a great story to read. I'm glad she got out of the "mother" environment.
She's welcome to e-mail me (NordsNords at Gmail) if she has any questions about the transition. She could start with the Reserves again and try to balance that career with a full-time civilian career.
__________________
*
Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
|
|
|
|
|
03-11-2018, 07:16 PM
|
#31
|
|
Moderator
Join Date: Dec 2007
Location: Eastern WV Panhandle
Posts: 25,346
|
Thanks Nords. I talked with SIL the other day and Sarah did graduate with an AA degree but they didn't make any fuss about it so I didn't know. She also intends to go career Navy so I sent her a copy of your book "The Military Guide to Financial Independence and Retirement" since it's geared to military financial issues that I know little to nothing about.
__________________
When I was a kid I wanted to be older. This is not what I expected.
|
|
|
|
|
03-11-2018, 07:35 PM
|
#32
|
|
Moderator Emeritus
Join Date: Aug 2007
Location: Northern Illinois
Posts: 16,602
|
You done good, Walt! And Sarah is as well.
|
|
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|
Linear Mode
