America Must Cut Costs 1.National debt = $16 trillion 2.Soc Sec & Medicare = $48 trillion 3.Perpetual U.S. dollar devaluation 4.Print money; Cut benefits; Raise taxes 5.Riskiest COA = rely on fixed income
SBP 1.6.5% premium for 55% benefit 2.Tax deferred premium 3.Benefits get COLAs 4.Life long contract vs. 7-figure disaster 5.Health? Genetics? Investments?
Buying a House 1.Live on post: good cash flow + easy exit 2.VA Loan Prgm: fast, but charges a fee 3.If buy: 15 year term; 20% down 4.Brief ownership + minor gains = losses
Monthly Cash Flow $300k House vs. Quarters 4% rate; 0 money down; 30-yr term; VA On-Post CPTs BAH Principal & Int. * 14631347 Taxes3500 Insurance1250 Maint.3000 Utilities3500 Travel5418 SUM**26421368 * Includes VA funding fee (2.15%).
Mortgage Terms & Interest $300k House 15 vs. 30 yr terms 3.25% rate; 20% DP; 15-yr term; Conv 4% rate; 20% DP; 30-yr term; Conv Monthly PI 16861146 1 st years interest 822910,309 3 years of interest 22,12028,802 Full term interest 63,553172,487
Brief Ownership is Costly $300k House 3% gain x 3 years 3.25% rate; 20% DP; 15-yr term; Conv 4% rate; 20% DP; 30-yr term; Conv Sale Price 327,818 Total Gain 27,818 – 7.5% costs 5318 – 3 yrs maint. 3682 – 3yrs interest 25,80232,484
Summary 1.Economy & Gov threaten you 2.Defenses: Roth TSP + Roth IRA 3.Invest to Win, not to avoid losses 4.Hold equities: U.S., foreign, REIT, gold 5.Social Security: soldier, survivor, spouse 6.SBP: anticipate survivors cash flow 7.Live on post; or 15 yr term & 20% down
Win the Money War James D. Redwine E-book: Amazon or Barnes & Noble Face Book: Win the Money War Email: email@example.com
Appreciation or Depreciation $300k House:3% Gain x 3 yrs0 Change x 3 yrs3% Loss x 3 yrs Sale Price 327,818300,000273,802 Gain or Drop 27,818026,198 – 7.5% costs 531822,50048,698 – 3 yrs maint. 368231,50057,698 – 3yrs interest 25,80253,62079,818 3.25% Rate; 20% DP; 15-yr Term; Conv
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