i restarted my investment in my TSP (thrift savings plan) account today. i forgot that i'd put it on hiatus during a tight time and hadn't restarted it. it's a retirement plan that the navy offers us and is probably a good idea in general. i'd sold off my sharebuilder account too...so now i'm thinking about IRAs. pretty much, i'm thinking that unless i find myself a woman or have a kid or something life-changing like that, i'm pretty sure i'll wind up retiring from the navy; especially with how well my career is doing at this point. i mean, evaluations are right around the corner, and it's looking really good for me to be able to take the E-6 test this september instead of next, and practically guaranteed that i'll make it before the end of my first enlistment.
then, there's also the stipulation that if i want my MGIB bennys, i've got to re-enlist. something that wasn't immediately obvious when i was signing all the original papers was that since i'm taking the college loan repayment program
and MGIB...i get the loans paid this enlistment, and if i want the MGIB (which i've already paid into), i would get that after my second enlistment.
now, the only thing preventing this from
totally boning me is that my 6 years is technically 4 years + a 2 year extension. so, if i were to re-up, they would drop the extension and i would be left with whatever amount of time i choose to re-enlist for, which would probably be 4 years. and i might get a decent bonus by that time, but i doubt it. there's all sorts of factors that go into determining bonus size...like paygrade at time of re-enlistment, how critical your NEC (job) is, how long you've been in, how long you're re-enlisting for, and how many times you've re-enlisted before.
*sigh*
time to be a big boy. if i stick with this plan tho, i'm definitely going to re-enlist overseas so the bonus will be tax-free. gotta take everything i can get, right?