Saturday, October 8, 2016

It's been over a month since my last post, and life is moving along as it always does. The husband is working through appointments for his VA disability claim. We don't know yet what percentage he will be awarded, or even if he will be awarded anything at all. I suspect it will be several months before he receives word. The great thing is that in a few days he will be finished with the military. His contract is up within the week!

We've received our insurance information from his new job. I found out we can't participate in an HSA and have him using VA healthcare, so for now, we are using the "regular" health insurance plan: low deductible, but costs more. If for some reason he receives no disability care from the VA, we can always switch to the HDHP/HSA but I doubt that would be beneficial. The cost of his appointments and medications would likely exceed the savings in premiums.

After nearly two months, his SUSORP plan is up and running and has received its first contribution. Yay! I was worried they had messed up the paperwork, but the contributions finally showed up after this past paycheck. It will be great having his employer toss in 5% of his wages into this fund. We put in 3%. This year we are also maxing a 457 plan. We can't do a 403b until 2017, because the TSP was already maxed for the year. I'm waiting until we file our taxes to see whether we should contribute to our Roth or Traditional IRAs this year.

On top of all that, now that we "own" our house, we are building up equity. I say "own" in quotations because we have a mortgage. In the last few months our balance has decreased by about $2,000. That's not much, but it's something. I will focus on paying down our mortgage after cash flow isn't tight. As of now, a very large portion of his salary is going to retirement accounts. Eventually, he'll get raises and things will loosen up. It just hasn't happened yet!