Male Spouse 101
Male Spouse 101
At Macho Spouse, we believe Healthy Marriages positively impact the readiness of the active duty female spouse. If you're asking, "How do I do this?" - develop a healthy marriage - find some answers here.
One of the great resources we have at Macho Spouse is the Men's Room for Military Spouses (sorry ladies, this is a private Facebook page designed for all male military spouses only). We plan to start sharing some of the more informative/interesting conversations on our website, the thread below is our first "share." Some of the names have been hidden for privacy purposes, see if you can figure out which names are fake...
Jar Jar Blinks: OK, what is this "Rule of 72?"
Yoda: Interest multiplied by time equals 72.
C-3PO: If you're not good at exponential math, it's a quick way to estimate how long your investment will double, given an interest rate. For example: if a CD is earning 3%, then it will double in value in 24 years (72/3=24)
Yoda: To double your investment.
Yoda: ^C-3PO's way is easier to follow. Way easier.
Jar Jar Blinks: So where do these investments live? Seriously, do savings accounts work the same way, assuming you can find one that offers interest?
Yoda: NFCU has a 3% CD right now.
C-3PO: It's all a matter of risk vs. reward/return. The S&P 500, aka TSP C Fund, returned about 30% last year. But it was down 37% in 2008.
Yoda: I was taught to expect a 10% rate of return on index funds back in 06, so my ROTH would double in 7.2 years.
â€ªJar Jar Blinks: I guess I have a trust issue... Can I trust the folks at USAA to steer me in the right direction eggs
Jar Jar Blinks: Eggs... Heheheh
Jar Jar Blinks: When asking to set up investments?help
Yoda: Not 100%. Their funds are kind of expensive compared to vanguard and the TSP. But it's better than nothing and their life insurance is fairly priced.
C-3PO: "It depends" USAA only has 2 real index funds, but together they match the entire US stock market. They are not the MOST expensive. Their insurance is pretty well priced, but you're probably find even better at NMAA or the equivalent for other services.
Yoda: If only all branches could use NMAA...
I'm not as conservative as some. Instead if having 6 months of expenses on hand I have 6 months of expenses in a USAA ROTH IRA (no fee for withdrawals of principle with some caveats), and now put everything into ROTH TSP index funds (lowest fees in the world!).
Yoda: I do keep some liquidity (cash or accounts that can very easily be converted to cash), but since we run a surplus each month even after investing, and the military pay is as stable as it gets, I don't keep much in that account (plus I "float" all my expenses other than car insurance, so I don't pay July's expenses until mid-September (if we have to spend more I can transfer assets as needed, has never happened, but just in case), and the "float" on credit earns us rewards and consumer protections).â€¨â€¨â€¨â€¨â€¨â€¨â€¨ Blue Cash Preferred, 6% back at the commissary, 3% back at the gas station and 1% everywhere else (no fee for military).
C-3PO: â€¨â€¨ I haven't dealt with them, but I hope AAFMAA is as good as NMAA.
â€ªC-3PO: PenFed has pretty good credit cards for military too.
â€ªJar Jar Blinks: .... all these damn acronyms....
Yoda: FUBAR right?
C-3PO: (image that can't be shared)
C-3PO: Sorry about being a wiseass
â€ªJar Jar Blinks: Better than being a wide ass
Yoda: C-3PO, you've got to take it easy on Jar Jar Blinks, he's a submariner. Just think how many bumps to the head he's suffered.â€¨â€¨â€¨â€¨â€¨â€¨â€¨ But on a serious note, it's pretty cool how many guys in this group have an understanding of personal finance.
C-3PO: If I only had a nickel for every time I hit my head while underway (says the 6'3" Marine)
Mace Windu: Personally, I would put my money in a multitude of investments. Like savings,cd's, 401k, TSP, money market fund and precious metals. Never have all your eggs in one basket.
Admiral Ackbar: â€ªLuke, to be excruciatingly technically correct, it's the rule of 69.3. Here's the math behind the answer:
I like the way they cheat by assuming that for small interest rates, the natural log of the quantity (1 + interest rate) is approximately equal to (interest rate). So it's not much of a stretch of radcon math to assume that 69.3 is about the same as 72.
You can also use the math to figure out when you'll be financially independent:
Luke Skywalker: I think NFCU has a special going on that if you open an IRA with $100 they will give you $100. I have 4 IRA's at USAA, IRA at NFCU, TSP and a 403(b) at Fidelity. Saving about $500 a month between all the IRA's.
â€ªLando Calrissian: Boy you guys are starting to make me worry about my future. Where do I start when I have no job and only a limited amount that my wife has volunteered to me over the years in some sort of retirement account?
Yoda: â€ªLando, my wife and I each maxed out our Roth IRA's for her first four years of service so we could build up our emergency fund (with the stability of military careers I feel as though the ROTH IRA is a good place to stash an emergency fund that is a very low probiotic of being utilized).â€¨â€¨â€¨â€¨â€¨â€¨â€¨ Now all the money goes into her TSP, but it's our retirement account.
**If you are a male military spouse and would like access to this private page, please send a request through Facebook and we'll usher you in as soon as possible.
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Fellow male spouse Tim Blake has a new post on his Army Dad Blog, "Thoughts on Command Pt 1." Army Dad is a blog by Tim Blake, a stay at home dad (sahd) who raises four beautiful children. He is the proud spouse of an Army Lieutenant Colonel and does his best to keep up with the kids and their activities. In his free time, he enjoys playing the bass and the occasional bass guitar building project. You can connect with him on twitter @ArmySpouse007.
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You know, I started Macho Spouse because I couldn't find a job in my career field during our last PCS. Most of us military spouses have probably gone through similar depressing job-searches. But after two years of unemployment, here I am, back in the job market and gainfully employed. This time, however, I have a whole new appreciation for what it takes to land that next job. The following is a short list of what I learned during my latest employment drought.
The first thing every military spouse needs when planning his or her career is patience. Patience, patience, patience. We must understand that our career trajectories won't be as quick, or logical as our civilian counterparts. And that's OK. As long as we understand where we want to be at the end of our working life, taking a step backwards now and then isn't a big deal as long as it moves us further forward down the line. Remember, our life situations can change rapidly, so we don't have to find that “perfect” job today since we probably won't be able to keep it anyway. Focus on building your resume so that when your spouse does decide to retire, you will have a great resume and lot's of experience to land that “perfect”job.
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The following is an excerpt from a paper I wrote titled “Changing Mechanistic Manufacturing”, which focuses on the culture metaphor inherent in many breweries. Of particular interest is the intrinsic (motivated by the nature of the work) characteristic of brewery workers.
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Fellow male military spouse and general provocateur, Chris Field, shares his "Top 5 Ways to Enter the Military as a Husband."
5) Read. There are any number of "military spouse" books and websites that explain the mechanics and formal structure of the military and military living. I found that reading as much as I could about the terms, code names and acronyms (i.e., your ability to learn the quasi-language of Militarese) was invaluable in acclimating myself to my new military life. Arm yourself with a basic understanding of such phrases and acronyms as 'PCS' (relocation), 'LES' (her paystub), 'TDY' (a shorter, out-of-town work trip). Just as you would learn a few basic phrases like “Wie geht es Dir?” (How are you?) and “ein Bier, bitte” (A beer, please!) if you were vacationing in Germany, know the basic terminology of your wife's new employer. I promise you, you will never regret reading too many articles and books on military spouse living.
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You're inside the store, so now what? With more stores providing more beers to choose from the task of beer shopping often leads to a paradox of choice for shoppers.
I believe going beer shopping should be a joyous occasion especially with the growing selection due to the surge of craft breweries in the U.S. Even if you are a naysayer that claims “I don't like beer” there is most likely an offering that will pleasantly surprise you.
However, the increased selection has also led to some confusion for consumers. For example, I often get asked how to select “good” beer by friends and even other shoppers.
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We have all heard of the benefit of a good healthy diet. Included is the surge of Greek Yoghurt and all of the fabulous flavors that they have come up with. But did you know that 1 particular flavor should be avoided from our servicemembers diet?
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Article by Craig Gilman, Faculty Member at American Military University
Joining the military means a life of training exercises and deployments away from home, not to mention periodic transfers with little choice of duty stations that can be found in countries half a world away. What comes with all that is a career, even if only for a few years, that provides opportunities for personal growth and satisfaction, professional challenge and reward, career development, and leadership opportunities that build a stronger resume.
Becoming a military spouse is a different story. In addition to the unpredictability of the military lifestyle and, often, the additional responsibility of being the de facto head-of-household and primary parental role model during deployments, there is no guarantee of a meaningful career or even temporary job to help pay the bills. Military spouses who want a professional career face high hurdles.
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Military Base Firearm Laws can be confusing, especially when you end up living at two different military bases within one year like I did. I own several firearms and the first time I encountered military base firearm laws was during the PCS move when the movers asked me if my firearms were registered on the base. My response..."Huh?"
This incident took place when we had to move from the Pentagon to Maxwell AFB for my wife to go to school. I was already a male military spouse for more than 10 years, but I had never thought about or encountered military base firearm laws. An interesting point to note here is that in my entire time as a male military spouse, we have lived on base once. While this may have had something to do with my not encountering the military base firearm laws before this PCS move, it had nothing to do with my ignorance of the laws.
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The Military Spouse Career Advancement Account (MyCAA) provides military spouses the opportunity and financing to receive the training and education needed for portable careers that will persist during the military lifestyle of multiple relocations.
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