Thread: Hello from a new guy

Josh,

Welcome aboard and welcome to the DoD. It sounds like your contributions are starting with your first full pay period, which you will not recieve until the pay day after your second full pay period (assuming your getting paid bi-weekly). This means you will not see your first paycheck for about 4-5 weeks from the date you started. Also, you won't see any contributions until about 6-7 weeks after you get started - so don't be surprised if you don't see the money there for awhile.

Having your contributions go to the G is fine, but don't let them languish there, get them into stocks. Watch and learn before you start tinkering with your money. At this stage of the game, the gains you could get out of timing are negligible. Build up your account so it makes the time it takes to do it right, worth it.

Like everyone else said - MAX it as much as possible - you will be eligible to retire at 52. Only through maxing your account will you actually be able to make that happen. It may seem a long way off, but I don't know a person under the sun that wouldn't trade their left (fill in the blank) to be able to retire that young.

Originally Posted by joshdacane

I have a question, because some of the info I have received from DFAS has been a bit unclear. I began work on 29 May and after getting a CAC and access to the system, registered - and was told that my contribution will be effective 10 June, which I assume means coming out of my second paycheck.