Im getting $20,000.00

[TheOneAndOnlyNavy]

Well its still Investing my money into something, so technically im right.

 

[HyTekJosh]

Don't let it sit doing nothing. At the very least drop it into a 9-12 month CD. You can get about $1000/year from $20,000.

 

[SampSon]

Originally posted by: TheOneAndOnlyNavy
Well its still Investing my money into something, so technically im right.

I suppose. Money "invested" into a primary residence isn't really a classic means of investment. Yes it's generally a safe harbor for your money, but a primary residence has value in use, as opposed to normal avenues of investment which have no true values in use.

Your best bet is to invest in typical money oriented investments like IRAs, CDs, or mutual funds.

 

[jadinolf]

Originally posted by: TheOneAndOnlyNavy
WTF should i do with it?
1.Buy a house
2.Buy a truck
3.Travel
4.Buy me a wife.
5.Invest in GOLD?

Haha

I getting the bonus for joining the Navy Reserve.
So i shouldnt get taxed much right?

Give it to your poor buddies on ATOT.

Start with J

 

[AnyMal]

How long did you sign up for? What's your MOS?

 

[TheOneAndOnlyNavy]

Originally posted by: AnyMal
How long did you sign up for? What's your MOS?

6yrs reserve, MOS is Hospital Corpsman, basicly EMT/nurse job, great for gong into the medical field.

 

[Shadowknight]

Pay off any existing debts, like a huge payment to your current house or car, in that order.

 

[jupiter57]

Doesn't that money come in small increments, like $40.00 each payday,(after taxes) until your enlistment is over?
Just asking, cause 32 years ago, I was offered a very nice deal to reenlist, but the money part (a lot at that time) was going to be spread out over the 6 years of the new enlistment, seems like it was going to be like $6.00/wk.
Better check this before you sign anything!

 

[smack Down]

Originally posted by: LoKe

Originally posted by: TheOneAndOnlyNavy
So wait.... Im going to only get like 10K after taxes?? WTF
He said taxes are 27% and taht ill get some of the taxes money back at the end of the year.

You'll be left with around $14 600.

Guess it is better to find out now then latter. Recruiters lie.

 

[CessnaFlyer]

Hookers

 

[jupiter57]

Guess it is better to find out now then latter. Recruiters lie.

QFT!
Truer words were never spoken.
They are NOT obligated to, nor will they, follow through on ANYTHING they have promised, said, or implied.
If it's not in writing, witnessed, and at least Notarized, your chances of getting it are very, very slim, usually non-existant.

(Take it from me, a former Crew Chief who was solemnly sworn to as being placed as an "F-4 Pilot" by my recruiter, In Basic, I was nearly laughed out of the office when I told them what my recruiter promised me and even written on my enlistment papers! I had to fight like hell just to get ANY position that involved flight whatsoever, Crew Chiefs got the most time in the air, so that's what I settled for. At least it was better than infantry!)

 

[intogamer]

ING Direct?

 

[xospec1alk]

When i got my bonus, 25% went to my 401k, 25% went to my employee stock option plan, most of it went into my savings account, and i took my best friends from HS out to my favorite restaurant (the tab was ~650)

 

[imported_LoKe]

Originally posted by: xospec1alk
When i got my bonus, 25% went to my 401k, 25% went to my employee stock option plan, most of it went into my savings account, and i took my best friends from HS out to my favorite restaurant (the tab was ~650)

:thumbsup:

Well done.

 

[timswim78]

Your poll options leave a lot to be desired. I'd look at some good mutual funds.