Really appreciate all the info! My wife is also a fed engineer with her own insurance currently so I think I will just go with the basic in may and reevaluate our insurance when she is ready to stop working.cswift01 wrote:This one is tough. I see the point that you could save up to 6750x5 (assuming you go for the family option for 5 years) which would get you close to 34k (including interest and growth or more), however, then you have to assume that you will pay for your own account afterwards.ajareds92 wrote:No. She will be raising a family at that point so I will be providing insurance for everyone.
If you are good with not spending too much (i.e. you're frugal) then it could be a consideration. Consider that you would have to pay quite a bit for the years that your wife gives birth. You actually might not save that much.
It's a tough one...
Maybe wait until after the kids are born and until they've grown up a little?
Best,
Me
Id like to think we live frugally. Have a 15 year mortgage that we got last year that should be paid off in 3 more years (Short Sale). Lots of money going into fixing it up though, 1920's house. I max my roth TSP and she maxes her traditional. I wouldn't say I'm terribly good with money so for me its kind of the if you don't have the money you can't spend it. Hence why i max out my roth and upped the house payment. Gonna try and start using YNAB more heavily and religiously next year.