Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Thanks for the info, moving forward
Old 02-19-2012, 02:07 AM   #1
Dryer sheet wannabe
Join Date: Oct 2011
Location: Hauptstuhl, Germany
Posts: 13
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!

gsmolin is offline   Reply With Quote
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 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!

Old 02-19-2012, 05:27 AM   #2
MichaelB's Avatar
Join Date: Jan 2008
Location: Gone fishing
Posts: 25,817
Thanks for the update, and good luck.

MichaelB is online now   Reply With Quote
Old 02-19-2012, 08:04 AM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Ed_The_Gypsy's Avatar
Join Date: Dec 2004
Location: the City of Subdued Excitement
Posts: 5,307
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."
Ed_The_Gypsy is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Paying off the mortgage early grows in popularity REWahoo FIRE and Money 164 02-23-2012 03:20 PM
Besides here in the US, what place in the world will you retire? charliebromley Travel Information 100 02-20-2012 09:12 PM
Just realized I don't give a ---- about the layoffs GalaxyBoy Other topics 18 02-19-2012 05:34 PM
Newbie Found This Site Searching for Annuity Info TrvlBug Hi, I am... 2 02-18-2012 10:01 PM


All times are GMT -6. The time now is 06:03 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2018, vBulletin Solutions, Inc.