Jump to content

ThreeHoler

Supreme User
  • Posts

    2,320
  • Joined

  • Last visited

  • Days Won

    27

Everything posted by ThreeHoler

  1. I just ran the numbers on my effective tax rate on entitlements (does not include any TDY pay as I'm too lazy to look it up). Just looking at Base Pay, Fly Pay, BAH, BAS, COLA, etc, my effective tax rate with no months of tax-free for 2011 works out to 8.40%. I'm fairly certain that I can't beat that after I get out/in retirement...so, perhaps Roth IRA + Roth TSP is the way to go? Any tax smart people with some thoughts?
  2. https://www.tsp.gov/...oth/index.shtml My thoughts (other investment vehicles not considered): I dump $5k into my Roth IRA. In an ideal world, this $5k comes from tax free sources such as CZTE pay or left over TDY money so that it is never taxed. My next goal is $17k into the TSP. In the past (and until they finally open the Roth TSP), this contribution would serve to reduce my taxable income. If my ability to contribute is limited to $17k (i.e. I am unable to take advantage of the CZTE additional limit of $50k), there is only marginal advantage to putting tax free money into the Traditional TSP (this advantage being that the contribution will never be taxed). However, there is significant advantage to using tax free money in a Roth TSP. So, let's say I wind up with a six month CAOC tour later this year after the Roth TSP is available (assume May-Oct deployment for shits and giggles). Let's also say I'm terrible at managing my tax free trips and don't manage a cha-ching for the remaining six months. Also, let's say I have everything set up so that I contribute monthly to both my IRA and TSP ($416.67 and $1416.67 respectively). Since I'm deployed so long, I plan to max out my SDP as well. So, at the end of April I have $1666.68 in my Roth IRA and $5666.68 in the Traditional TSP. Before I deploy, I change my TSP allocations to the Roth TSP (same account) effective 1 May. I continue contributing throughout the deployment in this manner and prior to rotating home I change my allocations back to 100% into the Traditional TSP. So my balances at the end of the year are Roth IRA: $5000 (of which $2500.02 is never taxed and $2500.98 is post-tax); Traditional TSP: $8500 (all tax deferred); Roth TSP: $8500 (of which the entire amount is never taxed); SDP: $10000. That is how I envision the Roth TSP being useful to most of us...sheltering tax free money for life.
  3. It's an old E, but it is also one of their tactical tankers.
  4. Ok. Here's the scoop: There hasn't been less than 100% opportunity to O-3 in the AF for a long fucking time. Last year was the first 95% opportunity to O-3. Therefore, there is no recent precedent. Expect that he will have some sort of PRF done up this year and if he is passed over again to be sent packing ~6 months after the board results. I suspect anyone who was in the bottom 5% their first time will likely have not fixed their problem in the past year.
  5. 2. UPT training reports are rather generic.
  6. It is the same thing that has been available to people who have a Roth IRA and Roth 401k.
  7. WHOIS looks legit. Registrant appears to be in the USAF and stationed down there.
  8. Graduating with a GPA>=3.95 gives a degree "with honors." I still argue that people get promoted based on what they do in their primary job. Maybe not everyone, but I do know many people who were.
  9. You cannot convert existing TSP to the Roth TSP. You must start a new Roth TSP.
  10. I still fail to see how people stick to the claim that an aileron roll is a "non-prohibited" maneuver in a transport category aircraft. FEB? Sounds like a reasonable consequence for a pilot's lack of sound judgment.
  11. https://www.irs.gov/newsroom/article/0,,id=152316,00.html A little Google goes a long way.
  12. I agree this program is the way to go. However, there is an important caveat. If you work for someone who is factoring AAD into things like OPR, strats, etc, you need to consider if you will be at a disadvantage by waiting until 6 years in (2 years after Capt pin-on) to start your AAD. Personally, I recommend (and will continue recommending) that young aircrew focus on primary job duty and depth of experience. In my not so fucking humble opinion, the AU AAD is perfectly timed for aircrew. If your only AAD concern is completing it for your Major's board, you should be able to complete the degree before your PRF is started. Depending on your commissioning date, you may need to double up some terms.
  13. Works as advertised. Sent from my ADR6300 using Tapatalk
  14. The forum needs to be registered with tapatalk.com in addition to the plugin being installed before we can use the app.
  15. Don't call me buddy, guy.
  16. Check both methods. My wife and I get back ~$100 more from MFS than MFJ. Next year, who knows? The best thing is that the HR Block software allows you to compare MFJ to MFS as part of the MFJ process.
  17. It keeps getting pushed back. Last info said "available 2Q 2012." Here you go: https://www.tsp.gov/PDF/bulletins/12-2.pdf
  18. I am considering putting money in both the traditional and roth TSP. The traditional reduces my current tax burden. The roth saves on later taxes. You should be able to set it up on the TSP website. You can contribute to both as long as you don't go over the 17k (50k) limits.
  19. "This is not your war!" -- Taco.
  20. "Continue."
  21. All appointments over 2-star are political. Nothing to see here.
  22. The cockpit only gets up to ~29,000. I would think the bigger problem would be pressing the little tiny buttons with the big gloves.
  23. Congratulations, useless sarcasm man! Jeppesen does have a military flight planning cell and they could be set up on the proper network. The commercial Jeppesen flight planning software is far superior to CFPS for mobility (excluding airdrop and air refueling). I have not yet seen the Jeppesen military software, but supposedly it does all the rest of the stuff needed for AD or AR.
  24. I'd vote for KC. No way I'd vote for Ms Burqa.
×
×
  • Create New...