moneymaker
Recycles dryer sheets
- Joined
- Mar 13, 2013
- Messages
- 106
Hi all,
I'd like to get a forum going of all military folks currently receiving a pension. A few questions that I have for you:
1. How much do you find your pension being worth as compared to someone without a pension? For instance, potentially how much extra would you have had to accumulate to replace it?
2. If you stashed away a lot in tax deferred accounts, did you find that you may have done things differently, (aka, saved more in taxable to cover the gap) since most of you retired many years before age 59 1/2? OR was it a good balance between your pension able to cover all your expenses and "make up" the gap until age 59 1/2?
3. Did you participate in TSP?
I'm active with 10 years in and am planning on staying until my 20. I currently max TSP (tax deferred right now although I did the ROTH last year for it). Just trying to get some of your keen insight!
I'd like to get a forum going of all military folks currently receiving a pension. A few questions that I have for you:
1. How much do you find your pension being worth as compared to someone without a pension? For instance, potentially how much extra would you have had to accumulate to replace it?
2. If you stashed away a lot in tax deferred accounts, did you find that you may have done things differently, (aka, saved more in taxable to cover the gap) since most of you retired many years before age 59 1/2? OR was it a good balance between your pension able to cover all your expenses and "make up" the gap until age 59 1/2?
3. Did you participate in TSP?
I'm active with 10 years in and am planning on staying until my 20. I currently max TSP (tax deferred right now although I did the ROTH last year for it). Just trying to get some of your keen insight!