Active Duty USAF stationed in Okinawa (for now). Today is my first day actively researching retirement strategies (learning the lingo about mutual funds first), but it is a bit overwhelming.
I'm not sure if I want to retire from the military (only been in since May 2006), but I like what I do currently. I'm hoping to also complete the necessary college course work to get accepted at a school in DC, but my grades are only average. Reading is my biggest problem because my eyes jump all over the pages, and I think about a million things at once. I think I am a pretty good multi-tasker but sometimes that also gets me no where
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I was stationed on Okinawa in the late 70's (back when the earth was cooling). I was a squid, but working with the Naval detachment on Kadena AFB. Loved everything about it!
Welcome, and good luck to you. I don't know where your are in your schooling -- I myself got out of highschool by the skin of my teeth, joined the Nav and grew up a little, then parlayed the GI bill into a BA and an MBA from Berkeley. It CAN be done and just articulating your goal is a great first step!
Look forward to hearing more from you. (Just for the heck of it -- is Charley's Tacos still there outside the gate?)
I wish I knew how people could invest the max in their TSP plans. Maybe once I get past this E-3 paygrade I'll be able to do it
While you may not yet have the rank and the big-bucks paycheck to go with it, you have something that a lot of people on this board envy of you-- time for compounding to work its magic.
And again, you might want to raise your TSP contribution (to lower your paycheck) while living off your savings and whatever gifted money comes your way. But that can be a wild roller-coaster ride if you overshoot...
Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
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