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06-17-2020, 11:46 AM | #5431 |
I'll be back.
Join Date: Nov 2002
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How will it look next year? That's my time to buy.
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Posts: 286,011
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06-17-2020, 11:50 AM | #5432 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Posts: 46,067
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06-17-2020, 11:54 AM | #5433 | |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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This is why children should not give advice:
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Posts: 52,095
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06-17-2020, 01:04 PM | #5434 |
Hey Loochy, I'm hooome!
Join Date: Oct 2008
Location: PooPooKaKaPeePeeShire
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Posts: 41,174
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06-17-2020, 01:04 PM | #5435 |
Spooky Action
Join Date: Dec 2003
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Wow, the mortgage co. I did business with is now down to 2.75% 30yr fixed.
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Posts: 6,404
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06-17-2020, 01:17 PM | #5436 |
MVP
Join Date: Oct 2012
Location: Lenexa, KS
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Anyone have experience with FERS from a federal job? I am on the eve of getting my firm offer from the VA, and in case the salary might not be what I want, I was wondering if anyone could speak to whether it is massively better than a employers matching plan + self started Roth IRA.
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Posts: 14,404
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06-17-2020, 01:36 PM | #5437 | |
Veteran
Join Date: Oct 2002
Location: Bismarck
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Quote:
It's a good retirement if you are young enough and can put enough years in. |
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Posts: 1,298
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06-17-2020, 01:45 PM | #5438 | |
MVP
Join Date: Oct 2012
Location: Lenexa, KS
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Posts: 14,404
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06-17-2020, 01:55 PM | #5439 |
Veteran
Join Date: Oct 2002
Location: Bismarck
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OPM.gov has a lot of information about your retirement benefits.
https://www.opm.gov/retirement-servi...tor/index.html That's a good generalized estimate of what you can be looking at. Just start plugging the numbers in. |
Posts: 1,298
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06-17-2020, 01:59 PM | #5440 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Quote:
I do think dropping a tax bracket currently helps us quite a bit, but with the standard deduction being so much I might be able to split my 12% contribution to 6% 401k and 6% ROTH 401k instead of all to the 401k. Thanks for a great post. |
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Posts: 46,067
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06-17-2020, 02:00 PM | #5441 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Posts: 46,067
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06-17-2020, 02:06 PM | #5442 |
Supporter
Join Date: Feb 2005
Location: Olathe, Ks
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Posts: 129,398
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06-17-2020, 02:08 PM | #5443 | |
Supporter
Join Date: Feb 2005
Location: Olathe, Ks
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Posts: 129,398
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06-17-2020, 02:30 PM | #5444 |
MVP
Join Date: Dec 2008
Location: Joplin, MO
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Thanks for posting the Roth 401k advice. 3 years ago I would have argued against it as saving money now on taxes is better than later with the time value of money, but currently with income tax rates historically low and expected to increase by the time I retire in 20-25 years it makes more sense to pay them now. I also max out my 401k every year.
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Posts: 7,265
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06-17-2020, 03:24 PM | #5445 | |
Banned
Join Date: Jan 2013
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Posts: 53,803
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