Conversations from the Men's Room - What is the

Conversations from the Men's Room - What is the

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Image: – – Macho Spouse

 

MensRoomImage.jpgOne 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.

‪Jar 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).






 Blue Cash Preferred, 6% back at the commissary, 3% back at the gas station and 1% everywhere else (no fee for military).

C-3PO: 

 I haven't dealt with them, but I hope AAFMAA is as good as NMAA.

‪C-3PO: PenFed has pretty good credit cards for military too.

‪Jar Jar Blinks: .... all these damn acronyms....

Yoda: FUBAR right?

C-3PO: (image that can't be shared)

C-3PO: Sorry about being a wiseass

‪Jar 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.






 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: ‪Luke, to be excruciatingly technically correct, it's the rule of 69.3. Here's the math behind the answer:
‪http://betterexplained.com/articles/the-rule-of-72/
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:
http://betterexplained.com/?s=rule+of+72

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.

‪Lando 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: ‪Lando, 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).






 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.


See also...

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Sesame Street and USO Tour - Japan and Korea

SesameUSO.jpgYEAH SESAME STREET!  This tour is still going on for those in Japan and Korea.  Could be a great way to spend an afternoon with your family!

 

The tour which begins at Eielson Air Force Base in Alaska on May 29 and will visit 42 bases in 8 European and Pacific countries over the next six months.  The organizations hope others will be inspired to learn more and suggest these five simple actions everyone can do to support military families:
 
1.        Volunteer at one of the more than 160 USO locations around the world and discover ways you can take action locally.
2.        Offer to help a military family on the home front who live on or off base.  Whether you see that their lawn needs to be mowed or garbage cans taken in, helping with simple household chores and errands can really relieve some of the stress a family may be feeling.
3.        Teach your child how they can help support military kids in their school by visiting uso.org/get-involved.aspx and or Facebook.com/SesameStreetforMilitaryFamilies.
4.        Lend an ear to listen to a military spouse as sometimes just having someone there to vent to or talk to when you may feel all alone can be the greatest support of all.
5.        Say thank you to a military member and their family for their service, sacrifice and strength.  Our troops and their families make sacrifices so we don't have to and those two simple words say so much.
 
“There is nothing that comes close to the feeling you get when you see the smile on a child's face at our Sesame Street shows.  I knew we had something very special the first time I saw the smiles of our military families, and here we are five years later, celebrating a tour that that has traveled the globe three times over and is about to do it again,” said Sloan Gibson, USO President and CEO.  “The USO is proud to be on Capitol Hill celebrating the tour's fifth birthday and assembling care packages for troops overseas.  There is no better way to commemorate such a momentous occasion than IN our nation's capital and WITH our friends at Sesame Street.” 
 
The longest running tour in USO history, the Sesame Street/USO Experience for Military Families has taken its message to more than 368,000 troops and military families, and performed 631 shows on 145 military installations in 33 states and 11 countries.  In 2011,Sesame Street and the USO introduced a brand new character named Katie – a military child experiencing the stresses of moving as her parents are transferred to a new duty station.  Last year, Katie and her Sesame Street pals visited 67 military bases and performed 204 shows stateside.
 
 “Sesame Street has so much admiration and respect for our military families, we feel privileged to partner with our friends at the USO and be a part of this special USO Care Package event,” said H. Mel Ming, Sesame Workshop President and CEO.  “This is a great way to show our continued support to our service men and women and to celebrate five years of bringing our resources and the Sesame Street/USO Experience to Military Families to installations around the world.”

Operation USO Care Packages contain vital items troops use every day, from prepaid international phone cards and snacks to travel-size toiletries and comfort items.  Designed as a way for America to say 'thank you' to our troops and their families overseas as well as to unite communities, today's Care Packages included a special gratitude card from Cookie Monster as well as a personal note to troops signed by USO Caucus Co-Chairs, Reps. Jeff Miller, R-Fla., Tim Walz, DFL-Minn., Howard (Buck) McKeon, R-Cali., and Adam Smith, D-Wash.
 
Since 2003, the USO has delivered 2.3 million care packages to bring a touch of home and necessities to active duty military serving all over the world.  USO Care Packages are distributed to troops traveling through the USO's more than 160 locations worldwide as well as to troops serving overseas. 
 
Whether on the frontlines, with their loved ones, in recovery or in remembrance, the USO and Sesame Street are adapting to meet the needs of those who need us most.  Operation USO Care Package and The Sesame Street/USO Experience for Military Families are just two of the ways we can help them navigate life's challenges. To learn more Operation USO Care Package visitwww.uso.org/operation-uso-care-package.aspx.  To learn more about the Sesame Street/USO Experience for Military Families or check for the latest tour info visit www.USO.org/Sesame
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Smartphone Use By Parents

PattMSShirt_edited.jpgWe know many of us use smartphones for several hours through the day for either work, study or play.  mrdad.com recently had a blog post about a smartphone study. 

 

Many a parent has turned to a smartphone or tablet during a restaurant outing with children. How does this mobile device use affect parent-child interactions?



 

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