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Reply to "If you’re a military family..."
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Yes! We make about 350K per year and max out everything. That's sound financial planning. His 5K pension is only about half we'll need in retirement.[/quote] So, you are comparing yourself to making $350k to other families making $60-100K... and you need $10K a month in retirement. You sound very high maintenance. [/quote] Who makes 60-100K? Most of the military families we know in the DC area are making 200K+ Not sure what you mean by high maintenance. We are 20+ years from retirement so 10K won't be worth what it is today.[/quote] Let me guess you only know officers. You don’t need $10k a month to retire. Most live on far less. [/quote] The OP is an officer family...so we aren't talking about enlisted. If you live in an expensive locale then you need more than 5K a month. Neither of us come from inexpensive areas of the country so even if we left DC and went "home" 5K wouldn't cut it. [/quote] She started the discussion about military families. Not high ranking officer families. Once your kids are out of the house, you own a house, $5K is plenty. [/quote] Who owns a home outright by the time they retire? When someone moves every 2 years they might hang on to one property in Fort Hood Texas but that's not exactly buying you much anywhere else. The OP is an officer's wife - she says so. They will be getting 5K+ in retirement or nothing at all (20 years or bust). I have a financial planner because we are wealthier than most. So appreciate your thoughts, but I'll trust the professionals.[/quote] My spouse is retired. Some of us have been there done that. Don’t be so arrogant. You are probably not wealthier but keep telling yourself that. This is why many look down on officers wives for this behavior. They wear their husbands rank and think it is their own. [/quote] I'm not the OP. We make nearly 400K per year and have a net worth over $1 million...I'm not a DCUM poster that thinks that's middle class.[/quote] Are you retired military? Enlisted or officer? Humm.. where is the rest of your net worth on that income? Its not middle class but you should have a far higher rent worth.[/quote] Lol. I love how the only option that you don't choose is a military spouse being a bread winner. I far out earn my spouse. Our networth is in excess of 1 million we've been at the earning level for a few years and only married a few years. We're relatively young (35) so 7 years from retirement. [/quote]
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