Recent content by HomesteadDreamer

Thanks for the reply. I did think about the standard deduction not staying the same. I went back a few years and saw that it was around $12K during the previous administration, so I anticipate that we may see that go down in the future. As long as it doesn't drop much below that previous mark...

Where can you find that SS calculator? I'd like to run my numbers to see how it would be affected. Thanks in advance!

My wife (46) and I (48) are planning on retiring in 2 years or less. I have done a lot of research and calculations, but I'm not sure if I'm missing something, so I was hoping to get some of you to help double-check my work. Our plan is to live off of my military pension and her VA Disability...

We'll be moving to eastern KY. They don't tax military pensions, so we'll get extra tax breaks along with the lower cost of living.

At this time, I will likely continue to work for 1-2 more years and should be able to save another $1K/month in my post-tax savings account, while continuing to contribute 5% to my TSP to take advantage of the matching. The $150K or so will be enough for a significant down payment, leaving us...

Sorry, I left out that we have around $150k in post tax savings account that we will be using to purchase our farmhouse. We already have a couple we have found in our price range. I wasn't counting that as an income source in the future, just our TSP.

My wife (46) and I (48) are both retired from the military. I was active duty and receive around $3K/month in my pension. She was active/duty and guard, receives $2K/month in disability now and will receive about $1.5K/month when she turns 60. We have a little over $300K in our TSP that we...

I think I would like Maine a lot and if there was an option to do so, I would definitely add it to our list of potential retirement spots. But, my wife and I both have parents that are getting older and most of our family is in the TN/KY area, so I think that is where we will probably end up...

Thanks for the info. I have family that lives in Knoxville/Seymour and my wife is from Eastern KY. It is definitely beautiful country and we'd like to eventually get closer. Just trying to figure out if KY or TN would be overall cheaper to live. I think we have narrowed it down to...

Looking to retire early soon with my wife. Most of our retirement income will come from our military pensions until we decide to start withdrawing from our investments in about 10 year. We have healthcare through the VA/Tricare and our standard of living is very modest. I'm not looking for...

My wife and I have Cola'd military retirements and cheap medical coverage. Overall, we could probably retire early if we didn't have a mortgage. I am very tired of working and am ready to retire to a more simple lifestyle. We are only 48, so we have several years left before we could access our...

I have a military pension right now and will have another, small federal pension at the age of 57. Wife has a small monthly VA disability pension as well. She will get her military pension at age 60 and then we both plan on taking social security shortly after.

I have a VA loan, so no PMI.

We just sold some property and a home due to a relocation for work. We ended up closing on our new home before selling our previous home, so we didn't have the $ to put as a down payment. With that, I now have $140K sitting in a saving account and I'm not sure what I should do next. I am 47...

Looking for opinions for what to do with about $150k. We will be moving early next year and expect to make about that much off the sale of our home and property. We will have to buy a new home when we move, so one thought is to use most of it as a down payment. However, I am also considering...