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Old 11-18-2011, 07:11 PM   #15
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Frederic, congratulations on your first retirement. They say the second one is easier.
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Old 11-18-2011, 07:11 PM   #16
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Congratulations on your retirement. My DH has 22 years of active duty.

I'm curious of your opinion on the SBP. I see you stated it was a ripoff. We will need to make that decision here one day. I'm a SAHM and while we have a few assets, it's nothing that could replace that monthly pension, even at 55%. We are definitely leaning towards getting the SBP.

Sorry to get off topic but I like to pick the brains of the retired, or those about to do so, to help us make those important decisions.

Again congrats!
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Old 11-18-2011, 07:21 PM   #17
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Congratulations on your retirement. My DH has 22 years of active duty.

I'm curious of your opinion on the SBP. I see you stated it was a ripoff. We will need to make that decision here one day. I'm a SAHM and while we have a few assets, it's nothing that could replace that monthly pension, even at 55%. We are definitely leaning towards getting the SBP.

Sorry to get off topic but I like to pick the brains of the retired, or those about to do so, to help us make those important decisions.

Again congrats!

For my money, I can take the $130+ it would cost me per month for SBP and put it in a 401K, where it's going to make me money. SBP returns absolutely nothing, unless you croak before your spouse, and then it ensures that he/she gets a check, unless he/she gets remarried. Putting my money into a sound investment that I know will give me a return makes much more sense to me.
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Old 11-18-2011, 07:22 PM   #18
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Frederic, congratulations on your first retirement. They say the second one is easier.
Thanks, Terry. The second one is going to be a lot shorter than the first, ten years max.
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Old 11-18-2011, 07:23 PM   #19
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We are heading to Boerne for Thanksgiving, and then to Blanco on the 8th. Boerne is just with kids and a couple of grandkids but if you were to bring her to Blanco where she could see 20 or 30 Airstreams all in one spot, being used for fun...well that might start some wheels spinning. But.....you cannot get that Jeep into an Airstream.. so, sounds to me like you need two trailers
Where at in Blanco? I might just take a trip down there with the family.
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Old 11-18-2011, 07:26 PM   #20
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Yeah I see your point. From my point of view, thinking worse case scenario and DH passes before me, it's a monthly check thats cola adjusted for life. No investments to manage or market turmoil to worry over.

Good luck with your new trailer. Happy camping.
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Old 11-18-2011, 07:34 PM   #21
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Yeah I see your point. From my point of view, thinking worse case scenario and DH passes before me, it's a monthly check thats cola adjusted for life. No investments to manage or market turmoil to worry over.

Good luck with your new trailer. Happy camping.
Don't get me wrong, for some people I think it's an option worth looking at, but I'm 38 years old and don't plan on kicking it anytime soon. Of course, after making it through three combat tours, getting hit by a bus while crossing the street would suck...try explaining that one to St. Peter.
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Old 11-18-2011, 08:06 PM   #22
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Of course, after making it through three combat tours, getting hit by a bus while crossing the street would suck...try explaining that one to St. Peter.
I'd probably blame the demon Murphy.
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Old 11-18-2011, 09:35 PM   #23
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Frederick, Congratulations and thank you and every one else for your service. Time will go by fast, especially when you change ID cards. I would suggest 'soft' selling an Airstream to your wife. Take it slowly and go look at some trailers (new and used), and go visit some rally's. Then look for a very special event (like a 25th anniversary) to celebrate and buy a trailer.
smhx4, when I retired, I declined SBP, and chose term life insurance, and put the difference in various savings accounts. We also went through Dave Ramsey's Total Money Make over. (please note, I am not pushing this program, but it worked for us and was more useful than the info presented during my retirement brief).
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Old 11-18-2011, 09:53 PM   #24
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Frederick, Congratulations and thank you and every one else for your service. Time will go by fast, especially when you change ID cards. I would suggest 'soft' selling an Airstream to your wife. Take it slowly and go look at some trailers (new and used), and go visit some rally's. Then look for a very special event (like a 25th anniversary) to celebrate and buy a trailer.
smhx4, when I retired, I declined SBP, and chose term life insurance, and put the difference in various savings accounts. We also went through Dave Ramsey's Total Money Make over. (please note, I am not pushing this program, but it worked for us and was more useful than the info presented during my retirement brief).
Dave Ramsey is a great inspiration....where debt is dumb, cash is king and the paid off home mortgage has taken the place of the BMW as the status symbol of choice.

We have The Total Money Makeover in hardbound edition.
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Old 11-19-2011, 07:19 AM   #25
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Where at in Blanco? I might just take a trip down there with the family.
http://www.airforums.com/forums/f288...ml#post1072827

We have reservations at the State Park but it got full so lots of folks are staying at another campground nearby "Blanco Settlement" I believe. Right on the river. As you read the thread I think you will see good times coming our way!! Be great to see you there, even in that big 'ol toy hauler!
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Old 11-19-2011, 07:20 AM   #26
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Frederick, Congratulations and thank you and every one else for your service. Time will go by fast, especially when you change ID cards. I would suggest 'soft' selling an Airstream to your wife. Take it slowly and go look at some trailers (new and used), and go visit some rally's. Then look for a very special event (like a 25th anniversary) to celebrate and buy a trailer.
smhx4, when I retired, I declined SBP, and chose term life insurance, and put the difference in various savings accounts. We also went through Dave Ramsey's Total Money Make over. (please note, I am not pushing this program, but it worked for us and was more useful than the info presented during my retirement brief).
Thanks, we are Dave Ramsey fans. Read the books, attended a live event but didnt complete FPU, hope to finish that one day. I think we will be forced to take SBP, DH is a smoker and even if he quits, he has severe sleep apnea. We have a renewable term policy but that goes up every year. He has 22 years in and won't retire til 26 at the earliest, I convinced him to stay as long as possible to boost the pension instead of starting a second career. I'm not the one going to work everyday but he seems to be at the peak of his career and is doing well.


I agree, showing your wife some different models may renew a love for Airstreams. Winter is coming and deals on trailers are easier to find.
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Old 11-19-2011, 07:52 AM   #27
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Fredrick

Congratulations to you and your family. It is a well earned. Although you will miss many aspects of the military, at least we did, there is a hole new world out there. adjust and enjoy it.
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Old 11-19-2011, 08:07 AM   #28
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Survivors Benefit Plan (SBP) vs 401k. My recommendation would be to do both if at all possible. SBP is adjusted for cola and is not subject to the rims of the market. 401ks can show some nice growth however if you were retiring a couple of years ago many got their A-- kicked and saw their 401 k go down by 1/3 or to even a 1/2. It is tough to make that up when you are 65 or older. Another downside to 401 Ks and insurance is that you can stop them anytime. Most of would say we would not do that but I have found that not to be the case. I was a Survivors Assistance Officer for a spouse who husband before he died cashed in all of his insurance and spent it. She was left with nothing and at 60 had little or no skills to fend for herself. I am not saying that this would happen to you just that it does happen. It can't happen with SBP.

Just food for thought
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