It’s easy to get caught up in the chaos of the world—war, conflict, and negativity can feel overwhelming. I’ve learned that choosing positivity, choosing optimism is a powerful decision.
It’s not about ignoring reality; it’s about accepting it and still believing things can get better. Even more, it’s about creating something good for yourself and for those around you.
For me, stepping away from social media and news feeds has been a game-changer. It lets me focus on what truly matters: my family and the people around me.
Also, #btc fixes this.
#communitymatters #chooseoptimism
Asking for a friend.
He has kept a pretty good record of his #btc purchases. If he wanted to tax GAIN harvest, would he need to actually sell and rebuy (move from cold wallet to exchange, sell, rebuy, move back to cold wallet)?
OR
Could he simply take the day closing price and make a “paper transaction,” “realizing” the gain, making the appropriate transaction in his record, and report that as capital gains?
What to Do with Your Thrift Savings Plan (TSP) After Leaving the Military
When you leave the military, you can no longer contribute to your TSP, but your account can still grow with low fees and flexible investment options. If your balance is $200 or more, your account can stay open. Here are your five options for managing your TSP after separation:
• Leave Assets in Your TSP: Your money continues to grow based on your chosen investments. TSP offers low fees (often lower than index funds) but limited investment options (five main funds and target-date funds). You can’t contribute, but you can adjust your investments as before.
• Roll into an IRA: Gain access to diverse investments (stocks, bonds, ETFs, real estate) and more control. Avoids the 10% early withdrawal penalty (if under 59½). Ideal for consolidating accounts or bypassing Roth TSP Required Minimum Distributions (RMDs) by moving to a Roth IRA.
• Roll into a New Employer’s 401(k): Transfer to a 401(k) with strong investment options and low fees. Penalty-free and simplifies account management.
• Transfer to a Qualified Annuity: Provides guaranteed income for life or a set period, with tax-deferred earnings. Irreversible, with higher fees and potential risks (e.g., limited payouts if you pass away early). Death benefits may apply.
• Withdraw as a Lump Sum: Gives immediate access but incurs a 20% tax withholding and a 10% penalty (if under 59½). Large withdrawals may push you into a higher tax bracket. Not recommended due to significant tax and fee hit.
Consider:
• TSP Advantages: Simplicity, low fees, familiarity.
• IRA Advantages: More investment choices.
• Key Factors: Balance simplicity, investment options, and fees based on your needs.
#military #personalfinance #thriftsavingsplan #militaryretirement #financialfreedom
Time in the market > timing the market
Dollar-cost averaging is the best and most secure path to financial independence. By consistently investing fixed amounts over time, you sidestep market volatility and the noise of daily news cycles. This strategy keeps emotions out of the equation, ensuring steady progress toward long-term financial goals.
#financialfreedom #bitcoin #etf #investing #financialindependence
Anyone willing to open a #lightning channel with me, let me know via comment and I’ll message you. Just starting off and opened an outbound channel and I think I have that part figured out. I want to see what the inbound side looks like.
- public
- capacity: 400k Sats
Diving into setting up and establishing my #bitcoin #lightning node
I’m looking for routing nodes to connect with to help facilitate transactions and boost network connectivity. If you’re running a node and open to peering, please let me know.
New to #nostr here—didn’t realize #introductions were a thing! Still figuring this all out, but happy to be diving in. I’m all about helping service members get a handle on their personal finances and live financially healthy lives. When I’m not counseling, you’ll probably find me out running or, less so, at the gym. I’ve got a wonderful family who keeps me grounded and smiling. Looking forward to connecting and learning from this community!
#personalfinance #financialhealth
As a bitcoiner passionate about personal finance, I’ve come to realize that stacking sats isn’t just about buying Bitcoin—it’s about building a solid financial foundation first. You can’t effectively stack sats if you’re drowning in debt, living paycheck to paycheck, or neglecting basic money management.
#bitcoin #personalfinance #financialfreedom #moneymindset