So what should i do with a 40k signing bonus???

[snova031]

im pretty sure my money was taxed while I was in Korea.

That was probably because you're a gay.

 

[bones22 5,000+ posts]

my uncle is a cop and was offered to go teach the iraq police and he was offered 120k a year not taxed but it was like direct deposite into his account 10k at a time once a month....

money paid while overseas is not taxed but a bit*h to earn obviously

 

[crunktimes.com 5,000+ posts]

Doesn't BMX get banned for a day anytime anyone posts **** now? Thought that was a new rule.

 

[Qbenjamin 10+ year member]

what branch are you in? the army calls me about every day.

Got out after losing two of my best friends to IED's in early 06. Air Force.

 

[stuckinok 5,000+ posts]

The only place that you bonus is untaxed is if you re-up while in a combat theater like Iraq or Afgan.

 

[bones22 5,000+ posts]

what? really?

its possible they may have lifted the stop but not to my knowledge

 

[bunkerking09 10+ year member]

Got out after losing two of my best friends to IED's in early 06. Air Force.

IED's?

 

[Flipx99 5,000+ posts]

I work Air Force civilian...I haven't seen any airmen/luitenants with $40k signining bonuses.

 

[snova031]

If you think you will retire rich and want to blow the shit out of the money, go with the Roth....If you think you will retire poor and only need minimal distributions, go with the Roth.
I don't plan on leaving much inheritance.

There are annual limitations to how much you can contribute to either, correct?

I was thinking about starting with $1000, and contributing ~$1000/year..

 

[bones22 5,000+ posts]

The only place that you bonus is untaxed is if you re-up while in a combat theater like Iraq or Afgan.

TRUE

 

[Flipx99 5,000+ posts]

IED's?

improvised explosive device

pipe bombs

 

[Flipx99 5,000+ posts]

There are annual limitations to how much you can contribute to either, correct?
I was thinking about starting with $1000, and contributing ~$1000/year..

$5000 for a 16 month year.

 

[kasimo420 10+ year member]

Coast Guard has bonuses //content.invisioncic.com/y282845/emoticons/smile.gif.1ebc41e1811405b213edfc4622c41e27.gif

 

[stuckinok 5,000+ posts]

There is no way the Air Force is offering that much...

Some advice the O.P. is dont belive it until its in writing!!!

 

[Chevillac 5,000+ posts]

IED's?

//content.invisioncic.com/y282845/emoticons/uhoh.gif.c07307dd22ee7e63e22fc8e9c614d1fd.gif