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Thanks for the info, moving forward
Old 02-19-2012, 02:07 AM   #1
Dryer sheet wannabe
Join Date: Oct 2011
Location: Hauptstuhl, Germany
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Thanks for the info, moving forward

Posted here a couple months ago while downrange; figured I'd give an update.
Discussion with my better half upon redeployment found us on the same page in terms of believing that semi-retirement (and not working for the sake of working or getting more "stuff") is a worthwhile goal.
However, the big issue still remains how to pay for higher education for my three boys. I did the Post-9/11 GI Bill transfer while downrange which, when combined with the Yellow Ribbon Fund, will take a big chunk out of their college expenses.
Next up is how to pay for high school. I looked at the Coverdell ESA's; that kind of crappy that they are non-tax deductible, but at the same token, $2K/boy/year for 9 or 13 years (they're ages 5, 5, and 1) = a good amount of money for high school. As my wife said, "As long as we can pay for their high school, I don't care what you do!"
I also found a couple of promising civilian employment opportunities that really might allow me to work part time with very low malpractice but with enough income to send my boys to a good high school and college.
Still haven't decided whether to get out at 12 yrs AD or stay on. As I think Nords said either in a post or his book, (paraphrased here) "If its fun, stay in. If its not fun anymore, get out".
Lastly, I asked about asset allocation, and TSP vs IRA. I decided to continue to max out our IRA's for both my wife and I and I think I'm going to be able to max out my TSP contribution between monthly contributions & part of my bonuses.
So, thanks for everyone's insights and advice!

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Old 02-19-2012, 05:27 AM   #2
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Thanks for the update, and good luck.

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Old 02-19-2012, 08:04 AM   #3
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As I think Nords said either in a post or his book, (paraphrased here) "If its fun, stay in. If its not fun anymore, get out".
Keep in mind that sometimes it ain't fun on the outside either.
my bumpersticker:
"I am not in a hurry.
I am retired.
And I don't care how big your truck is."
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