Beaver Posted July 23, 2005 Share Posted July 23, 2005 and even AFTER their 13.5% hit upfront, those funds (several) made small fortunes over time.Yeah, but without that hit they could have made a LARGE fortune over time. Link to comment Share on other sites More sharing options...
Guest SnakeT38 Posted July 23, 2005 Share Posted July 23, 2005 Originally posted by Beaver: Yeah, but without that hit they could have made a LARGE fortune over time. Link to comment Share on other sites More sharing options...
Guest flynwithstyle Posted July 24, 2005 Share Posted July 24, 2005 Just buy some Iraqi Denairs Link to comment Share on other sites More sharing options...
Beaver Posted July 24, 2005 Share Posted July 24, 2005 No, it's like saying "Instead of giving 13.5% to a bunch on rip off artists, I could invest it myself and make my own money just as easily." Link to comment Share on other sites More sharing options...
Guest SnakeT38 Posted July 24, 2005 Share Posted July 24, 2005 Originally posted by Beaver: No, it's like saying "Instead of giving 13.5% to a bunch on rip off artists, I could invest it myself and make my own money just as easily." That's common sense..........but not the point of the post. Link to comment Share on other sites More sharing options...
Guest Rainman A-10 Posted July 24, 2005 Share Posted July 24, 2005 I wish TSP had been around when I was a Lt. Max out your TSP. Invest your flight pay, all of it. Don't spend your bonus, invest it. All of it. Buy homes and rent them out when you PCS. Live w/in your means. You will be able to retire at 42 and not work another day ion your life unless you want to. That'll be 13.5% please. Link to comment Share on other sites More sharing options...
Guest ericvano Posted July 24, 2005 Share Posted July 24, 2005 Beaver, what do you mean by ripoff artists? Link to comment Share on other sites More sharing options...
Guest ericvano Posted September 20, 2005 Share Posted September 20, 2005 Thread Revival!! Does anyone know what the AF policy is on providing matching funds for the TSP? Link to comment Share on other sites More sharing options...
C17Driver Posted September 20, 2005 Share Posted September 20, 2005 Currently, they don't provide matching funds. http://www.tsp.gov/uniserv/features/chapter04.html Link to comment Share on other sites More sharing options...
Guest jmac2222 Posted September 21, 2005 Share Posted September 21, 2005 Try USAA... Steps for new LT: 1) If your car isnt broke...dont buy a new one 2) Pay off credit cards 3) Pay off any other high interest loan 4) Max out Roth IRA (until you are 0-4, then go traditional) 5) Max out TSP Link to comment Share on other sites More sharing options...
Champ Kind Posted September 21, 2005 Share Posted September 21, 2005 Start early, too. I started doing all of that as soon as I started drawing pay just so that I wouldn't "miss" the money. You'll hear advice like that all the time, just take it! Link to comment Share on other sites More sharing options...
Guest crobey Posted September 21, 2005 Share Posted September 21, 2005 Originally posted by jmac2222: 4) Max out Roth IRA (until you are 0-4, then go traditional)What is the advantage of that? Link to comment Share on other sites More sharing options...
Guest DaRevrend Posted September 21, 2005 Share Posted September 21, 2005 crobey, Are you asking about the advantage of maxing the Roth IRA before contributing to TSP, or about switching to a Traditional IRA once you hit 0-4? Rev Link to comment Share on other sites More sharing options...
HerkDerka Posted September 21, 2005 Share Posted September 21, 2005 Holy thread revival. Back on topic, Roth IRAs are pretty good. HD Link to comment Share on other sites More sharing options...
Guest jmac2222 Posted September 22, 2005 Share Posted September 22, 2005 My two cents... Taxes (% wise) ususally increase as your income increases. A reg IRA shields income up front (good for high income earners who also have shorter investment horizons). The roth is after tax, the investment yields are shielded instead (this is good for people who are in lower tax brackets and have longer horizons) 0-1 = Low income & far from retirement 0-4 = High income & near retirement Link to comment Share on other sites More sharing options...
Champ Kind Posted September 23, 2005 Share Posted September 23, 2005 I'm investing in a ROTH IRA right now. Should I switch over to a regular IRA at some point (ie, closer to retirement?) Is that even an option? Link to comment Share on other sites More sharing options...
Guest kottlows Posted September 23, 2005 Share Posted September 23, 2005 Originally posted by PhlashNU04: Oh, and yeah.... stay away from First Command! I haven't had any problems with First Command, besides the free financial planning they really aren't involved with my investments. They are making a commission from Franklin-Templeton but that's not cash out of my pocket. Is it thier bank that sucks? Also, sure you can max out your IRA now but as was said, once you start making more, the extra money you make (can't invest it in IRA) should probably go somewhere else. Better to start out with smaller, multiple investments that can grow and compound similarly some of which you can use before you're 59.5. The 10% rule is right on for long term investment. Just my $.02 -WARHAWK- Link to comment Share on other sites More sharing options...
Toro Posted September 24, 2005 Share Posted September 24, 2005 Originally posted by Warhawk: I haven't had any problems with First Command...Is it thier bank that sucks?Type First Command into the search function and you'll get more horror stories than you care to read. Link to comment Share on other sites More sharing options...
scoobs Posted September 24, 2005 Share Posted September 24, 2005 Don't switch over to a traditional. Keep the Roth you can't max it out and its the best deal out there. Put the maximum amount in each year. And if your married get your wife a seprate one. That way in 20 years you will have an awesome retirement on top of the AF and/or airlines. Link to comment Share on other sites More sharing options...
Guest SnakeT38 Posted September 24, 2005 Share Posted September 24, 2005 In 20 years there will be no such thing as an airline retirement. Link to comment Share on other sites More sharing options...
BFM this Posted September 24, 2005 Share Posted September 24, 2005 Originally posted by SnakeT38: In 20 years there will be no such thing as an airline retirement. Sounds like a quote from 1980... Link to comment Share on other sites More sharing options...
Guest tentoad Posted September 24, 2005 Share Posted September 24, 2005 I would put the forecast for no more airline retirements (A funds) at 20 months. Watch the Delta guys over the next few weeks. Wow... Link to comment Share on other sites More sharing options...
Chicken Posted March 9, 2007 Share Posted March 9, 2007 Come July my income (dual) will increase substantially and need to invest it in something before I start spending it. We currently have investments with TSP, Roth IRA, mutual funds, index funds and own a house in NC. Is there another area I need to invest in that I have forgotten? Should I beef up one of the areas I already invest in like INDEX funds? We thought about buying a house in the San Antonio area since we plan on retiring there, and I think it will be a huge move for real estate investments. Link to comment Share on other sites More sharing options...
Guest Tertle Posted March 9, 2007 Share Posted March 9, 2007 Come July my income (dual) will increase substantially and need to invest it in something before I start spending it. We currently have investments with TSP, Roth IRA, mutual funds, index funds and own a house in NC. Is there another area I need to invest in that I have forgotten? Should I beef up one of the areas I already invest in like INDEX funds? We thought about buying a house in the San Antonio area since we plan on retiring there, and I think it will be a huge move for real estate investments. Funeral homes and mutual funds Link to comment Share on other sites More sharing options...
Chicken Posted March 9, 2007 Share Posted March 9, 2007 Funeral homes and mutual funds ? Funeral Homes? Link to comment Share on other sites More sharing options...
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