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Retirement

Posted: Mon Feb 17, 2020 5:39 pm
by HaulCitgo
Yes please. But they say college costs money.

Re: Retirement

Posted: Mon Feb 17, 2020 5:40 pm
by Johnnie
If nothing changes, October 2021 for me. And my GI Bill covers that pesky school thing.

Re: Retirement

Posted: Mon Feb 17, 2020 6:00 pm
by Steve of phpBB
HaulCitgo wrote: Mon Feb 17, 2020 5:39 pm Yes please. But they say college costs money.
Retirement costs money too, dammit.

Re: Retirement

Posted: Mon Feb 17, 2020 6:08 pm
by brian
I'm ready as hell. I couldn't even imagine working another 18 years (to age 65). If I'm still working at 55, either the economy has really gone to shit or I've really, really fucked up in the next few years.

Re: Retirement

Posted: Mon Feb 17, 2020 6:09 pm
by The Sybian
Johnnie wrote: Mon Feb 17, 2020 5:40 pm If nothing changes, October 2021 for me. And my GI Bill covers that pesky school thing.
Holy shit, I just learned that a retired military member can pass their GI Bill tuition rights to their children. Even young children, who can collect on it when they reach 18. Crazy.

Re: Retirement

Posted: Mon Feb 17, 2020 6:10 pm
by Steve of phpBB
brian wrote: Mon Feb 17, 2020 6:08 pm I'm ready as hell. I couldn't even imagine working another 18 years (to age 65). If I'm still working at 55, either the economy has really gone to shit or I've really, really fucked up in the next few years.
If I'm still working at 55, it means I made it to June without getting fired.

Re: Retirement

Posted: Tue Feb 18, 2020 2:54 am
by Johnnie
The Sybian wrote: Mon Feb 17, 2020 6:09 pm
Johnnie wrote: Mon Feb 17, 2020 5:40 pm If nothing changes, October 2021 for me. And my GI Bill covers that pesky school thing.
Holy shit, I just learned that a retired military member can pass their GI Bill tuition rights to their children. Even young children, who can collect on it when they reach 18. Crazy.
Yup. The Post 9/11 GI Bill came online in like 2007/8 and completely overhauled the Montgomery GI Bill.

Being able to transfer to a spouse or child was one of the biggest perks about it, but it did incur an active duty service commitment of 4 years to do so. I think something recently changed with this, but I'll have to look it up.

Another thing that changed was that when you are in school you'll collect Basic Allowance for Housing (BAH) at the E-5 with dependent rate if you go to the brick and mortar location. Online school is pro rated. This stipend is tax free, btw.

So my dream of doing the Logistics Master's program at MIT means I'd get $3k a month while I'm there. (And that's on top of my retirement and VA rating money.) I'm sure I can just live with my sister for free and watch my niece.

And once I burn through all of the months/money available on the Post 9/11 bill, I'll get my original $1,200 back on what it took to buy into the Montgomery GI Bill. (But I have to use every last dime in order to do so.)

Re: Retirement

Posted: Tue Feb 18, 2020 1:17 pm
by sancarlos
fwiw, I’m enjoying retirement.

My inherent laziness and my lack of employment match up well together.

Re: Retirement

Posted: Tue Feb 18, 2020 8:15 pm
by TT2.0
I genuinely pray i work til the day i die. I love doing standup man. I hope yall do it at my funeral.also i dont make fuckall doing this so i couldnt retire ever if i wanted to

Re: Retirement

Posted: Fri Feb 21, 2020 6:20 pm
by Mulligan
I don't think I could ever retire. I love what I do, I will just do it at a very reduced schedule so I don't get bored.

49, just paid house off in 11 years. Last debt is car and business loan (not worried about that loan). I just want to do a bunch of traveling with the wife and kid.

Re: Retirement

Posted: Fri Feb 21, 2020 7:04 pm
by A_B
TT2.0 wrote: Tue Feb 18, 2020 8:15 pm I genuinely pray i work til the day i die. I love doing standup man. I hope yall do it at my funeral.also i dont make fuckall doing this so i couldnt retire ever if i wanted to
A high percentage of stand ups have worked til the day they died!

Re: Retirement

Posted: Fri Feb 21, 2020 7:08 pm
by Sabo
Mulligan wrote: Fri Feb 21, 2020 6:20 pm I don't think I could ever retire. I love what I do, I will just do it at a very reduced schedule so I don't get bored.

49, just paid house off in 11 years. Last debt is car and business loan (not worried about that loan). I just want to do a bunch of traveling with the wife and kid.
That's awesome. Congrats!