No. of Recommendations: 2
SGT Sutton,

Thank you for your continued service to this great nation and congratulation on having your second child.

A couple thought occurred to me while reading your post:

1) Is your budget prepared for all of the financial benefits you will be losing when you come home from down range, i.e. paying federal taxes again, losing hostile fire and family separation pay. I am sure it amounts to a good amount per month.

2) You mentioned the annuity, is that from First Command, formerly known as USPA/IRA? If you are going to get out of it, which I would recommend, make sure to know all of the penalties that may apply.

3) The balance tranfer you are considering from the debt consolidation is a good idea, however, are you planning on doing the whole amount? Those usually last for 12-15 months so you don't want to get caught with the balance when it adjusts to a higher rate.

Perhaps you can balance transfer the amount you know you can pay off. Then combine the debt consolidation loan and the home equity onto your new home equity at the lower rate. Then move an appropriate amount over to a new balance transfer as you can.

Good luck and again, thanks for continuing to serve.
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