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Viewing profile - jerseyru

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jerseyru
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Joined: Tue Nov 27, 2012 7:29 am
Last visited: Wed Dec 05, 2012 10:30 pm
Total posts: 10
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Most active forum: Personal Finance
[ 10 Posts / 100.00% of user’s posts ]
Most active topic: Is this a good plan for retirement?
[ 10 Posts / 100.00% of user’s posts ]

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jerseyru Posts

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 Forum: Personal Finance   Topic: Is this a good plan for retirement?

Posted: Tue Dec 04, 2012 10:02 pm 

Replies: 27
Views: 3887


You're missing the point. It's fallacious to think this won't happen to you. My point is, prepare for the worse and hope for the best. If you're shown the door in 2 years, what then? Onto other news, you still have no investing plan. My investment plan will be pretty simple; a few dividend ETF's an...

 Forum: Personal Finance   Topic: Is this a good plan for retirement?

Posted: Tue Dec 04, 2012 4:44 am 

Replies: 27
Views: 3887


I read the link you attached. That's unfortunate for that Capt. We were going through a force shaping over the past couple years. Officers get it the worst usually. He did get a decent severance. Our biggest change recently was not allowing E-5's to retire. They moved their High Year Tenure to 15 ye...

 Forum: Personal Finance   Topic: Is this a good plan for retirement?

Posted: Sun Dec 02, 2012 11:19 am 

Replies: 27
Views: 3887


I have to agree with the statement about buying the annuity. I know it sounds like a good idea to have that stable income for the rest of your life, but you should run the numbers compared to a well balance portfolio for a person of your age. Also, why don't you stash some of your pension in a an I...

 Forum: Personal Finance   Topic: Is this a good plan for retirement?

Posted: Sun Dec 02, 2012 11:00 am 

Replies: 27
Views: 3887


Sir, I've been in the Air Force for 16 years and throughout my career I have NEVER seen anyone forced out past the ten year mark. I really don't think I have much concern of not getting my retirement benefits. As far as my pension, I am looking for a place to put it for about 15-17 years. I really w...

 Forum: Personal Finance   Topic: Is this a good plan for retirement?

Posted: Sat Dec 01, 2012 3:48 am 

Replies: 27
Views: 3887


After thinking about it, I don't think an annuity is the right choice for me. I have a son when I die, I'd like to have something substantial to leave to him. I think when the time comes I'll more than likely go with a fund like the Vanguard Managed Payout Fund: https://personal.vanguard.com/us/fund...

 Forum: Personal Finance   Topic: Is this a good plan for retirement?

Posted: Tue Nov 27, 2012 10:14 am 

Replies: 27
Views: 3887


Honestly, you don't really need an income other than your pension and new job so I'd skip the annuity. Annuities are for retired people who want to "buy" a pension so their retirement is secure. Sorry, I probably worded that wrong. I had planned on stashing $1500/month of my pension into ...

 Forum: Personal Finance   Topic: Is this a good plan for retirement?

Posted: Tue Nov 27, 2012 9:54 am 

Replies: 27
Views: 3887


I'd prioritize paying off all debts including the mortgage first. Then if you still want to work put extra into index funds through whatever retirement plan your company offers, as well as a Roth. I had no idea military pensions were worth so much. I will get a pension but it starts at 55, not 38. ...

 Forum: Personal Finance   Topic: Is this a good plan for retirement?

Posted: Tue Nov 27, 2012 8:28 am 

Replies: 27
Views: 3887


I would never buy an annuity. If you crunch the numbers, on average you end up doing worse than you could do on your own just buying index funds. If you think about it, it has to work that way. If it didn't, then the insurance company would lose money on them and wouldn't offer them. In order to be...

 Forum: Personal Finance   Topic: Is this a good plan for retirement?

Posted: Tue Nov 27, 2012 7:31 am 

Replies: 27
Views: 3887


I'm always trying to think of the best way to prepare for retirement. Here is my latest idea. Please give me your feedback. I am 34 years old and am currently in the Air Force. I'll retire in 4 years probably at E-7. At that time I will receive a pension of about $1800-$1900 after taxes. I would rea...
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