Hey all, army spouse working as an engineer for a local government agency. I have been at my job for 3 years and need 5 years to be vested in my pension plan.
Based on best guesses for salary inflation compared to my current, I expect my pension payout will be about $900/month if I start pulling at 65.
My husband just got orders to the opposite side of the country from where we are currently located. Added into the mix we also have a house we bought a year ago expecting to stay longer. Current market we would best case scenario rent it for $400/month less than mortage before fees for property management. We might be able to sell it and break even, as when we bought it it was all settled off market and we did get the house below market value as the owners were interested in a quick and easy sale.
For all the fiance people, is this a situation where you would consider geobaching both for the pension and to give more time to refinance/build equity in the house? I've heard stories that it can be really tough on relationships so would love ideas, opinion, success or failure stories, just anything to help us make this decision. On paper me staying behind makes sense, but obviously paper and numbers don't account for real world relationship factors
Woulf you do long distance marriage for 2 years to avoid losing pension – Spouse
byu/stem_ho inMilitaryFinance
Posted by stem_ho
1 Comment
Absolutely not. For $900/month and having to pay for 2 residences? Nope.
Move. Sell the house. Cut your loses.