Recent content by usafLT

Thanks everyone for your insight! It is a 2007 BMW 3 series. I am going to do some serious number crunching and reality checking over the next few days. I'm not always good with delayed satisfaction so maybe some raw facts will make this decision a little easier. I'm going to check the true...

I'm getting side tracked. I have wanted to own a certain type of car for years now and I am now at the point in which between my trade in value and low interest loan, I can get it for about $250 per month. I have dreamed of owning one of these for years (did I mention that). It is used but in...

I'm 25 right now, looking to transition my career out of the military. I have my ER plan and this situation crossed my mind because if all goes as planned (which when does that ever really happen) but if it does, this may be a situation I am in. I am just an over planner for the future. I...

I never really thought of that. Coming from the military, I always think of a pension as an all or nothing deal. If this were the case I would most definitely punch out.

What would you do in this hypothetical situation? You have 5-7 years until you can collect a government pension. Your job is bearable meaning you enjoy it to a point yet would much rather just be retired. Turns out, you happen to have enough money to retire right now. It is enough money to...

I completely agree. RDPD is very vague on the mechanics of actually doing it. However this book made me look at money differently in the big overall picture. It makes you see why just working hard in a job, living below your means, and saving is one of the worst ways to build wealth. For the...

No I don't which is another reason why I'd like to use one. They usually charge between 8-10% of monthly rent as a fee, so as long as the mortgage is still being paid, no issue, plus it frees up my time. Having to deal with potentially 30 tenants is a full time job by itself.

Trying2plan, I have a different take than most on this forum about setting up for FIRE. I know a few on here are critics of Rich Dad Poor Dad, but honestly that book made me look at money completely different. Throughout our entire lives we are told to live below our means and save. The...

I am currently in my lower 20's and a military officer. I plan on leaving in a few years and I have what I feel an extreme FIRE plan that I'd like some feedback on. I am currently married and my wife and I would like to have our first child post military. My plan is to buy several 4-6 unit...

I believe 5 years as a military officer and x years as a civilian controller are work experience. If you aren't aware, military officers are managers, very often in charge of million dollar budgets and as many as 100 people very early in their careers. Not sure if you read this whole thread...

Actually, the situation is exactly opposite of that. ATC has certain requirements to get into it. There are age restrictions for new hires and over time my ATC experience will wear off and the ATC shortage will be disappearing. If I went into ATC first and got burned out, I could then go into...

Yes, 13M3 is my AFSC. ATC KH is right though, the 13M world is a very small one, yet overmanned. The Air Force is going through a tough time for officers and many are getting force shaped out. I am at high risk for that right now. The 13M rarely goes higher than Major without having to...

Sorry if there was any confusion, I'll go ahead and clarify. Both of the pay scales I have given you are estimates. For ATC, yes it is an assumption of getting a level 11 facility in Detroit. I am well aware that if there aren't any openings I will have to try elsewhere, although I wouldn't...

Wow Thanks to everyone for their responses up to this point, a lot of great advice out there. I think plex is closest to hitting it on the nose. Although I'm not at a point yet where I can make a decision, this thread has helped me think about the issue differently. Generally speaking you...

Doesn't this fall under the wash sale rule? The wash sale rule states you cannot claim capital losses if you sell and then buy the same stock (or fund) or any significantly similar stock or fund within 30 days. Instead the losses can only be claimed once you actually sell the new investment...