The post whore thread.

[HoneyBadger]

My brain is on fire from reading about investing in index funds and the differences between retirement accounts.
This will all become very relevant once I start making money again.
Here is a great place to educate one's self about investing for retirement in the stock market.
http://jlcollinsnh.com/stock-series/

Awesome. My understanding is that Roth IRAs are first and foremost the best for retirement.

I was up until about 2am last night reading about web design - something I was really interested in 10 years ago, but never pursued much. I think I want to get to the point where I can start doing some freelance work and build it into it's own source of income to give me a little more flexibility and a few more options with my career in a few years. Computers, networking, and coding is stuff that comes pretty easily to me, and although it can be frustrating as heck sometimes, I think I enjoy it - especially the design portion. I've had a lot of people tell me I have a good eye for design and I've worked on a few projects within my current job where I was able to design a few different web sites and web tools (no I'm not talking about sharepoint... hahaha) and it interesting and fulfilling work. If nothing else, I learn a whole bunch and just have another set of tools in my toolbox.

[HoneyBadger]

I may or may not have made a post at over 100mph.

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Don't die. We need you.

Also, I don't want this forum to show up in the national news tied to some Darwin-esque accident on the highway in Alabama.

[HoneyBadger]

In return they are going to host my son and I for hog hunt with their dogs. They do not shoot the hogs, they use the dogs to corral them and spear/knife them.

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That's gutsy. I feel like having a Spartan shield (al la the movie 300) would be useful in this situation. Those suckers like to charge and some of them are easily 300+lbs with sharp tusks on the front end!

[HoneyBadger]

Cloudy and overcast in Houston. Next stop Denver. Hope this flight as good as flight earlier this morning. Only one gasp the whole trip.

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Safe travels!

[Irving]

HoneyBadger!!!!!!!!!!!!!!!!!!! You really need to take the time to read this: https://momanddadmoney.com/documents...Roth%20IRA.pdf
Talks about the differences between Traditional and Roth IRAs. Roth isn't always the steadfast answer that many people believe it to be.

Then Part VIII of the stock series has a break down of most of the different retirement plans, including TSPs which apparently are the best thing ever and should be maxed out if available (which I believe they are to you). http://jlcollinsnh.com/2015/06/02/st...-roth-buckets/

Finally, this interview may be of direct interest to you. Interview with the creator of TreeHouse, which is an aggressive online learning place that is designed to have people job ready (from high school!) in as little as six months.
http://www.mrmoneymustache.com/2013/...-of-education/

[Irving]

Loby, drive safe.

[buffalobo]

On the ground in Dentown. Now to find my chauffeur and get the hell back to the prairie where I belong.

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[buffalobo]

I was very brave during landing, no gasping, crying or whimpering.

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[HoneyBadger]

HoneyBadger!!!!!!!!!!!!!!!!!!! You really need to take the time to read this: https://momanddadmoney.com/documents...Roth%20IRA.pdf
Talks about the differences between Traditional and Roth IRAs. Roth isn't always the steadfast answer that many people believe it to be.

Then Part VIII of the stock series has a break down of most of the different retirement plans, including TSPs which apparently are the best thing ever and should be maxed out if available (which I believe they are to you). http://jlcollinsnh.com/2015/06/02/st...-roth-buckets/

1. That was a good read and it completely solidified why a Roth is right for me. I absolutely plan to have an income higher than my current income later in my life. Also, what if you're 65 and you want to buy your dream house for $500k? If you take money from a traditional IRA to pay for that, you actually need to withdraw $755k because you're going to pay $255k in taxes that year. From a Roth, you withdraw $500k and admire your beautiful new home. The taxes you originally paid on that $500k are significantly less than $255k - somewhere between $30-50k, depending on how much and how long you were contributing to the account.

1.1 This article seems to have completely left out the most significant reason why a Roth IRA is advantageous: Tax Free Growth. If you contribute 330k (max for married couple x 30 years) and it grows to $1.15M over 30 years (only earning 7%, the market average), in a traditional IRA, you pay taxes on all $1.15M as you withdraw it. In a Roth, you only pay taxes on the contributions, and NONE of the growth. Remember, the growth is the real reason we have IRAs to begin with! Unless my income is more than $200k/yr (which would change the fundamental argument here), I would much rather contribute $330k of taxed income over 30 years than get taxed on $1.15M - or significantly more than $1.15M because it will continue to grow as long as the account is funded - for the rest of my life.

1.2 I plan to pass a good chunk of my wealth on to future generations of HoneyBadgers and Roth IRAs offer several advantages when it comes to estate planning.

2. As someone who formerly contributed to a TSP account.... It was terrible. Terrible returns. Turrible. My mutual funds over the past 5 years have averaged 10.2% (I'd like to be somewhere between 12-14%) and my TSP accounts (which I set up to mirror my mutual funds as closely as possible) ran a 5-year average of 6.7%. Yes TSP has a few tax advantages, but it doesn't make up for the lost earnings.

[HoneyBadger]

I was very brave during landing, no gasping, crying or whimpering.

That sounds like something my 3 year old niece would say...