Reply to How to value a military pension into NW

Forum Index » Money and Finances

Reply to "How to value a military pension into NW"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I’m a 51 yo who just retired from the Navy as an O-6 naval aviator after 29 years of service. Does anyone know how to value a military pension with COLA into a Net Worth calculation? Various websites out there with suggestions on how to do this (lump sum, TIPs model, annuity comparison) and obviously you have to make assumptions about your longevity but was wondering if any of the military retirees on DCUM had a formula that “worked” for them. TIA[/quote]

On another note, you missed the hiring wave.

You be a senior wide body FO or mid-range narrow body CA if you separated at 20. [/quote]

OP here - appreciate your concern for my “missed” employment opportunities. I stayed in because I wanted to serve my country and liked the naval aviation community and camaraderie despite the inherent risks. Unfortunately, due to some unforeseen medical issues as well as being too senior for most flying tours I wasn’t able to fly the last few years of my Navy career. Those same medical issues prevent me from flying commercially as a civilian. I plan to “retire” and manage our finances and multiple rental properties (two in San Diego, one in Lake Tahoe, and a small condo in Pensacola, FL). My wife and I have done very well investing our income over the years (a few incredible stock picks should helped that) and can FatFIRE if we wanted to.

However, speaking of flying commercially, my lovely and beautiful wife who I met in flight school retired as an O-5 naval aviator over 9 years ago at 20 years of service and is currently a 777 FO for a major airline so I get to enjoy many of those airline perks. We have two 100% eligibility 36 month 9/11 GI Bills that we can gift to our children, two TSP accounts from our military service that have grown quite a lot (no matching funds since we have pensions) plus her airline 401K, Roth IRAs that continue to be funded using the Backdoor Roth process, and multiple taxable investment accounts. I think we’ll be fine.[/quote]

You two sound insufferable. [/quote]

They are pretty typical of some officers. [/quote]

Especially "naval aviators"...

[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics