Hi All,
I have been lurking for a few weeks, and love reading all the good info from others who have been fortunate enough to "pull the plug"
I will be transferring to the Fleet Reserve this December 31 2008 and joining the ranks of the military pension system.
My stats:
- Navy Chief Petty Officer - 20 years 7 months in December 08.
- Operation Enduring Freedom War Veteran - Spent 8 months on the frontlines in Afghanistan helping the Army do some Logistics work. Mortar shelling veteran...NOT FUN...IT MISSED BUT STILL TOO CLOSE!
- Divorced (just fell out of love..but we are great friends and still go out to dinner, watch baseball games, etc..)
- No children
- Ex wife is NOT going after my retirement or TSP
- Currently have $50K in TSP (L 2030 fund) and $6K in IRA. Also have $25K in Money Market account.
- Renting home
- No car payment..still driving a 1997 Toyota 4Runner w/ 168K miles on it.
- No credit card bills (pay them off monthly)
- "Max"ing out my TSP/IRA to meet the maximum for 2008 (ie...$15,500/$5,000)
- Have a Bachelors Degree in Operations Management. I still have ALL of my GI Bill left because I used Tuition Assistance for my schooling. My field in the Navy is Supply/Logistics.
My current plan is to move to NM, where I have a girlfriend (who has 3 teenagers). She rents a home, and I will be paying my fair share. She works (gets about $1K/mo) and gets $2,250/mo in Child support.
I want to just relax and not do anything!!! My ultimate dream would be to just work at the local golf course and umpire High School/Junior High/Little League sports.
I am also looking to go back to school and use my GI Bill to get a Masters in Sports Administration and see what happens.
I am not a big spender. I can be frugal, but I am not overly frugal. I think I can do it!
What do you think?
Looking forward to great conversation!
Erik
I have been lurking for a few weeks, and love reading all the good info from others who have been fortunate enough to "pull the plug"
I will be transferring to the Fleet Reserve this December 31 2008 and joining the ranks of the military pension system.
My stats:
- Navy Chief Petty Officer - 20 years 7 months in December 08.
- Operation Enduring Freedom War Veteran - Spent 8 months on the frontlines in Afghanistan helping the Army do some Logistics work. Mortar shelling veteran...NOT FUN...IT MISSED BUT STILL TOO CLOSE!
- Divorced (just fell out of love..but we are great friends and still go out to dinner, watch baseball games, etc..)
- No children
- Ex wife is NOT going after my retirement or TSP
- Currently have $50K in TSP (L 2030 fund) and $6K in IRA. Also have $25K in Money Market account.
- Renting home
- No car payment..still driving a 1997 Toyota 4Runner w/ 168K miles on it.
- No credit card bills (pay them off monthly)
- "Max"ing out my TSP/IRA to meet the maximum for 2008 (ie...$15,500/$5,000)
- Have a Bachelors Degree in Operations Management. I still have ALL of my GI Bill left because I used Tuition Assistance for my schooling. My field in the Navy is Supply/Logistics.
My current plan is to move to NM, where I have a girlfriend (who has 3 teenagers). She rents a home, and I will be paying my fair share. She works (gets about $1K/mo) and gets $2,250/mo in Child support.
I want to just relax and not do anything!!! My ultimate dream would be to just work at the local golf course and umpire High School/Junior High/Little League sports.
I am also looking to go back to school and use my GI Bill to get a Masters in Sports Administration and see what happens.
I am not a big spender. I can be frugal, but I am not overly frugal. I think I can do it!
What do you think?
Looking forward to great conversation!
Erik
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