 |
bostonbubble.com
Boston Bubble - Boston Real Estate Analysis
|
|
SPONSORED LINKS
Advertise on Boston Bubble
Buyer brokers and motivated
sellers, reach potential buyers.
www.bostonbubble.com
YOUR AD HERE
|
|
DISCLAIMER: The information provided on this website and in the
associated forums comes with ABSOLUTELY NO WARRANTY, expressed
or implied. You assume all risk for your own use of the information
provided as the accuracy of the information is in no way guaranteed.
As always, cross check information that you would deem useful against
multiple, reliable, independent resources. The opinions expressed
belong to the individual authors and not necessarily to other parties.
|
| View previous topic :: View next topic |
| Author |
Message |
Boston ITer
Joined: 11 Jan 2010
Posts: 269
|
 Posted: Thu Jun 23, 2011 1:16 am GMT Post subject: |
 |
|
| john p wrote: | If your kids future is worth so much, BANK the MONEY. You can give your kid a $ Million when they would graduate college.
If your kid works at the DPW and starts at age 18 and works until he is 43 he can qualify for 80% of his $65k salary or get a permanent check for $52k per year with cost of living adjustments and Health Care.
Having $52k per year is like having $1M in the bank and living off 5% interest cash flow. |
John, I think there's something called 'eating one's cake, etc' but in this case, being able to attend [ A, B, C] high school for that exorbitant mortgage doesn't seem to make sense, as in the real world, no one cares about high school esp if that doesn't get you into Johns Hopkins medical school.
The homeschooling/community college classes, plus Harvard Extension for the final 2 yrs can get one into the NSA and from there, if you're really an academic type, you'll get some money for a part-time masters at Columbia, Chicago, or Georgetown. And thus, you have a prestigious federal job and a lot of money stashed away. |
|
| Back to top |
|
 |
Guest
Guest
|
| Posted: Thu Jun 23, 2011 6:29 pm GMT Post subject: |
|
|
| Could you cite the source for the DPW pension eligibilty? |
|
| Back to top |
|
|
john p
Joined: 10 Mar 2006
Posts: 1820
|
| Posted: Thu Jun 23, 2011 7:10 pm GMT Post subject: |
|
|
go to page 29 of 68 on this link:
http://www.mass.gov/perac/guide/retirementguide.pdf
Sorry, my numbers are way off; in Massachusetts, the age in which you retire is a huge factor. Forget the DPW and do the NSA thing 
A Veteran retiring at 68 making $36k gets $28.8k a year in retirement.
A Non-Veteran at age 45 making $30.15k gets $3,015k |
|
| Back to top |
|
|
john p
Joined: 10 Mar 2006
Posts: 1820
|
| Posted: Thu Jun 23, 2011 7:12 pm GMT Post subject: |
|
|
| The Non Veteran gets a measly $3,015 per year for 20 years of service with a high three of $30,150; that kind of sucks. |
|
| Back to top |
|
|
Boston ITer
Joined: 11 Jan 2010
Posts: 269
|
| Posted: Thu Jun 23, 2011 9:14 pm GMT Post subject: |
|
|
| john p wrote: | | Forget the DPW and do the NSA thing |
Speaking of which, the prices around Ft Meade Maryland, their biggest nearby national HQ, are still declining.
Here's a place in Jesseup MD ...
http://tinyurl.com/5r23k26
Considering that an NSA job is pretty close to being guaranteed for life, there isn't much of a risk with prices between $250-$350K. Plus, being between Baltimore & DC has its advantages. |
|
| Back to top |
|
|
|
|
You can post new topics in this forum
You can reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
|
Forum posts are owned by the original posters.
Forum boards are Copyright 2005 - present, bostonbubble.com.
Privacy policy in effect.
Powered by phpBB © 2001, 2005 phpBB Group
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
