HOW MUCH IS MY MILITARY PAYCHECK IN 2020?
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4 жыл бұрынLast week's Podcast: • Video
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Disclaimer: All views expressed on this video and comments made verbally or written do not reflect the views of the Department of the Navy or Department of Defense and are that of my own.
@markmcintosh7095 4 жыл бұрын
Enlisted should be exempt from all income taxes.
@uncannyjt9671 4 жыл бұрын
Yeah I agree.
@kombathayes 4 жыл бұрын
Mark McIntosh agreed. And veterans need more compensation for injuries. I’m at 100% disabled and only get 1/3 what I did while in the military as an E5
@roastbeef441 4 жыл бұрын
@@kombathayes may i ask what's your monthly? Do you know if your 100% you qualify for see I believe.
@kombathayes 4 жыл бұрын
Roast Beef I am 100% non employable. VA gives me about 3000$ minus 800 for child support for a child I have no contact with him. No legal help. Can’t afford a lawyer SSD denied me cuz I have a degree. So again VA or the government don’t help
@seangehr7795 4 жыл бұрын
@@kombathayes why dont you just cut legal ties with the kid if you dont have contact? Give up your parental rights and bye bye child support.
@Juvenile_Lunatic 4 жыл бұрын
You should take us on a tour of your daily life in japan
@MaxMacmurray 4 жыл бұрын
Been watching your content for about 6 months, and I always appreciate your valuable info.
@Nezodam 4 жыл бұрын
I'm definitely making less after 10 years but 60% has been going to TSP since day one. I'm definitely referring this video in case some questions arise with future troops. Kudos Nick, and happy holidays!
@quasarsavage 2 жыл бұрын
Damn 60% good on u man that’s good be a great retirement
@spacepeanut8993 4 жыл бұрын
This man speaks the truth! I'd be a millionaire if I heard this in June 2001!!!
@brandonalexanian4962 4 жыл бұрын
I’m in DEP going in as e3 these type of videos are greatly appreciated Nicky!
@destinygarcia707 4 жыл бұрын
Loved this video so much! So helpful and can’t wait until the more in depth tsp video comes out!
@arthurdavis1978 4 жыл бұрын
Hey shipmate thanks for all you do and your service. God bless you Nick.
@realcokejam 4 жыл бұрын
In perspective: When I was a Specialist in 2018 with 3 year TIS, I was making $950 bi-weekly after all applicable taxes (I had no dependents and I was living in the barracks and had a meal card for the DFAC). I was stationed in Kansas, but still carried my home state of residence (Texas) so no income tax was applied to me. If I could have chosen, I would have opted out of the barracks and meal card. Lots of cheap housing off post to rent or eventually buy and I could live off ramen noodles.
@justanalt4641 4 жыл бұрын
Thank you for providing this knowledge. Sincerely a grateful PFC.
@lanalovegood7211 4 жыл бұрын
This is great news for 2020!
@prestononeal5041 4 жыл бұрын
You're the best Nicky!!!!! Keep it up bud!
@clearlyvictoria 4 жыл бұрын
Nicky! Your content is always on point 👏🏽
@travislemke2273 4 жыл бұрын
I love the content Nicky!!
@tracejordan1773 4 жыл бұрын
Love the video Nicky!!! Thank you for the advice, leaving in a couple months
@zachpymm3683 4 жыл бұрын
Very informative thanks Nick
@GilbertoValor89 4 жыл бұрын
Great video brother! Very informative. Hoping that the Military pay chart is updated and posted to the Master Military Pay Account soon.
@eViLbUnNY545 4 жыл бұрын
Super informative man.Thanks!
@Jorge_maggie 4 жыл бұрын
Lots of homework goes into the videos 😭😭keep up the good work!
@ashleymoore9709 4 жыл бұрын
You are full of wisdom ❤️❤️❤️
@hugolion9442 4 жыл бұрын
As always thank you for the informative video Nicky! I ship out January 15th keeping my fingers crossed for the in-depth video on the Blend TSP 🙏
@Melchizidek777 3 жыл бұрын
G00d Vid Bro
@342bullseye 4 жыл бұрын
Hey nicky, really like this video, you know.
@khamphousayavong9525 4 жыл бұрын
Nicky, Thank you for the financial advice & tip. Leaving to Navy Boot Camp on 20200107.
@miguelcisneros4279 4 жыл бұрын
Nicky, I just happened to run into your video, and I consider what you're doing great for those starting out in the Navy. You're very detailed. I'm a retired Master Chief, and if I had the information you're giving for free, I'd be in a better financial position. BZ on you shipmate.
@jayjaynikcole 4 жыл бұрын
Great content! Thank you
@srballer29 4 жыл бұрын
Thanks for the video!
@MichaelHarris-jn2fr 4 жыл бұрын
Good information Nicky.
@davidgutierrez5981 3 жыл бұрын
I was a E3 when I deployed and I got full California bah on top of base pay and also hazard pay and food allowance and it totaled to 5k a month for 11 months all tax free . I’m also in the reserves and now I got into AGR as a E4 and I’m getting full BAH and everything . So it’s still possible to get more than just base pay even before you make rank ! Consider the reserves ! There’s a lot of perks that not many people know about ! You can still be active duty in reserves
@nathanv8535 4 жыл бұрын
very helpful video, thank you!
@SacredPhysiques 4 жыл бұрын
I’m actually going back to become a fleet returnee ... The first time around I had no guidance... So now I’m looking to return and dominate.
@ashleymoore9709 4 жыл бұрын
Awesome video ❤️👏
@Sandia-Surf 3 жыл бұрын
sick vid bruv
@tomfisher5329 4 жыл бұрын
Nicky you are soooooo right about the TSP, I’m retired as a ART from the Air Force after 37 years as a E8. Between my retirement pay and my TSP I’m making more then I was while I was working. You are also correct about the Roth IRA use that and pay tax now on it. Taxes are kill ing me now because they didn’t have it in the beginning of the TSP and I never swap over.
@NICKYMGTV 4 жыл бұрын
I’m actually looking to contribute more . I am debt free so why not. Also I am looking at trying to do some of my own stock work which can be risky too. I’m considering real estate as well but this can’t vastly change if I stay in for commission etc.
@sighbin 4 жыл бұрын
I just started watching ur channel a couple weeks ago I just signed up for the navy I go to meps in February and all these videos have helped me so much and especially these kind I love to know what I am getting myself into just wanted to say thanks Nicky
@chef9524 4 жыл бұрын
What you doing in the Navy?
@ouuyou6584 4 жыл бұрын
Plz come back and tell us how your MEPS experience was.. you're going for ur ASVAB or medical exams?
@sighbin 4 жыл бұрын
ouu you I just did the asvab a couple days ago and I go back for medical on the 31st, Meps ISNT bad at all just listen and do what your told :)
@ouuyou6584 4 жыл бұрын
@@sighbin appreciate it. Good luck on ur journey ✊🏽
@bbannannassu 4 жыл бұрын
Nicky, I can't thank you enough for the stuff you have covered in this video. This is gold! I am in my 30's joining Navy and have been feeling nervous about everything. Retirement and investment are definitely intimidating because my parents were definitely not the first ones to talk about money around us but I feel more at ease thanks to your videos. I just stumbled upon your videos today and have already taken pages of notes from your videos. You are the best!
@Kingleekofficial 3 ай бұрын
How has your navy journey been?
@richardthorn7726 4 жыл бұрын
Pity the Navy has Navy Career Consolers NC’s to guide enlisted folks on their career, but they should have Navy Financial Counselors NF’s as that would be so helpful to many how never had an idea to manage money as I would be it would enhance retention.
@taz9234 4 жыл бұрын
The Army has them but the young Soldiers are just not interested. Mostly the older Soldiers go to them and during a crisis to get them out of debt.
@kingbenjamin92 4 жыл бұрын
I'm here just to write my little comment, "hey Nick, we like this video" ☺️
@harveysanchez6993 3 жыл бұрын
Good last advice in the end of the video
@shaggyo6855 4 жыл бұрын
Hey Nicky i just swore in at Meps leaving for boot camp in a month, could you do an in-depth video about the process? I’ve seen some just really love your channel your videos have helped out a lot so far
@Thundergodkillua 4 жыл бұрын
Having watched jt for like 3 years and you for almost 2 Im finally going to meps Monday for my medical exam. Hoping to sign as an HM
@kaylacaldwell2243 4 жыл бұрын
Dylan Garcia Good luck, I’m going the 7th. And I’m hoping to get HM as well.
@juliocalles8845 4 жыл бұрын
MEPS sucks
@juddostolaza1103 4 жыл бұрын
Don’t I’m an HM and rn that advancement is at 1% across the board for everyone, unless you really want it do it but I’d recommend do anything else get rank then switch.
@askiaemmonsjr8575 4 жыл бұрын
@@kaylacaldwell2243 aye same but I leaving for basic that day too
@kaylacaldwell2243 4 жыл бұрын
Judd Ostolaza thanks I was looking it as well but what are the jobs you would suggest
@nicktrierweiler3690 4 жыл бұрын
BAH and COLA makes all the difference folks. Choose your rate choose your fate......
@-narc-5495 3 жыл бұрын
I’ve the video Nicky thanks for the help bro
@emmanuele7096 Жыл бұрын
great vidoe
@gentlemenscuts9548 4 жыл бұрын
very much needed i dmed u on ig alot of help
@reijiminato8762 4 жыл бұрын
Prior enlisted Ensigns will get paid $4100 per month plus BAH. I’ll be ballin’!
@Jeremiahking101 4 жыл бұрын
Same, i got out and now slaying school so i can go back in as prior enlisted 2nd Lt in the Corps
@reijiminato8762 4 жыл бұрын
Light Weight Dat’s Whassup, Mah Jarine! Gonna get ‘Em Bull Bars!
@Bass_n_barbells 4 жыл бұрын
Leaving for Navy boot camp in 3 weeks. Definitely getting a little nervous. Thanks for the informative videos! I’ve learned a ton from your channel
@natalyortega6794 4 жыл бұрын
Joey Eisman good luck! Graduated Nov 22. You will do great. Keep pushing
@whatsnewralph 4 жыл бұрын
Yoooo I leave is 2 weeks mate see you there
@392backwards 4 жыл бұрын
Wassup my guy
@Greg-tj8rg 3 жыл бұрын
You can contribute up to $6,000 per year into an IRA or roth IRA (7k for people age 50 or older). It is extremely smart to put in the $6,000 annually or as much as you can possibly manage. If you are at e1-3 pay you very likely want to contribute on a roth IRA basis if the military is your only form of income. When you get to higher base pay you need to think about if you expect your income now is going to be higher than when you are retired and pulling money from your IRA
@KingofStreet3 3 жыл бұрын
Nicest gyms I've been at, fleet activities Yokosuka and Pearl Harbor
@charletonzimmerman4205 4 жыл бұрын
$$$ News online says, Military Enlisted, Paid too much. I just got a 1.6%, increase on my government/VA. I t doesn't keep up, with my local tax increase. I'll have too move soon, to survive in retirement. "Maybe Mexico"
@troyt6864 4 жыл бұрын
Look into Ajijica, Mexico.
@trava4156 2 жыл бұрын
Damn Good for you
@corndog7104 4 жыл бұрын
We like it 👍
@williame2538 4 жыл бұрын
I was on base with no service when it came out, sorry I’m late
@tylerlawlerDEVGRU 10 ай бұрын
I make $61,000. Apply for CRSC, mines processing now. Also don't forget the military supplies all out gear.
@18photonerd 4 жыл бұрын
We like this vid
@dankdandy 4 жыл бұрын
Thanks Nicky! I'll put in 10% into tsp hopefully it'll be worth it
@brentrodgers3132 4 жыл бұрын
You will not have to pay the 100 dollars a month for the first year if you change to the post 9/11 Gi bill in bootcamp. Also if you come into the military after 2017 you will be in the BRS and will only be getting 1% match for the first two years then you will get the full 5% match. Best advice is to change your tsp fund to at least the L2050 if you don’t want to mess with it and get solid returns.
@NICKYMGTV 4 жыл бұрын
It’s automatic in the 2050 fund actually.
@brentrodgers3132 4 жыл бұрын
Yes if you come in after 2017. Good Info keep it up not a lot of people know this stuff!
@relentless_animal4127 4 жыл бұрын
⏰= 🔑
@alvingeroy3242 4 жыл бұрын
Time is the key
@benjiboi6669 4 жыл бұрын
Plus you get housing allowence
@loganjermon4373 4 жыл бұрын
Nicky what software do you use to edit videos? Would love to get started with KZfaq myself.
@TheGearhead222 3 жыл бұрын
I laud your accomplishments, but how much sea duty have you done, especially arduous sea duty? After leaving honorably after 5 years and two Persian Excursions, I discovered I would have to do AT LEAST 10 years of sea duty out of 20 total (if retiring as an E-6), as an ICman! -John in Texas
@harveysanchez6993 3 жыл бұрын
I hear the gyms on the navy ships are crowded and small
@iveseenbetter9236 4 жыл бұрын
I get about $40 extra for cost of living in japan
@Patientintime 4 жыл бұрын
I’m in Sacramento Ca and I have a cost of living allowance I receive 600. I also get housing allowance of 1100. I’m a E3
@mmontero15 4 жыл бұрын
Reserves?
@janedough1485 3 жыл бұрын
Thanks
@alexmarcero6562 4 жыл бұрын
Fire
@silth7904 4 жыл бұрын
You look exhausted mate.
@robertmontoya4941 4 жыл бұрын
hey nicky how many college credits are required join as a e3 for the navy and air force?, or is it the same for all branches?
@chrismorris9475 3 жыл бұрын
Dude that is f@$;! Up i made 14-15k in 09 when i was 19 flipping burgers at McD's. You have a very hard job and you should be A able to live off what you make B make a reasonable amount not a soldier of fortune or anything but definitely a little more than that.
@thewintersoldier383 4 жыл бұрын
January 15 gonna see that increase 🦾
@rades920 4 жыл бұрын
Marco W I think we already got the increase?
@thewintersoldier383 4 жыл бұрын
Austin won’t see it until the 15th tho
@hairy6486 4 жыл бұрын
HM1!? must have sold a lot of cupcakes lol
@NICKYMGTV 4 жыл бұрын
Not really. Went to independent duty corpsman school and scored high enough to put in first at graduation.
@derailvevo2882 4 жыл бұрын
if you have questions-
@Chicano_-mn4sg 4 жыл бұрын
I’m leaving this month for navy bootcamp as a PACT Seaman hooyah Navy !
@manipulatiin.6829 4 жыл бұрын
Fore1gn 5430 same jan 27
@reodanny11 4 жыл бұрын
You gonna hate your life as a pact lol
@manipulatiin.6829 4 жыл бұрын
reodanny11 wdym ?
@fitchfren6256 4 жыл бұрын
@@manipulatiin.6829 pact sailor is pretty much the lowest of the low. im SPACT and were treated like shit
@manipulatiin.6829 4 жыл бұрын
Ethan Cazun im not a sailor im in the army
@mag1469 4 жыл бұрын
Bahrain no taxes
@stevenl.1439 3 жыл бұрын
Who else is here in 2021
@henrymurnane4721 4 жыл бұрын
Bro in Australia base salary 78k Aussie dollars first year
@smallfarm3102 4 жыл бұрын
Do you think a full 20 years would be worth it under the new retirement plan?
@Ink30 Жыл бұрын
Yes
@jamesjoseph8365 4 жыл бұрын
How do you feel about Cs ?
@amarisbickley 4 жыл бұрын
ARE YOU ABLE TO ORDER AN AMAZON PACKAGE AND HAVE IT DELIVERED TO YOU ON A SHIP?
@ibrahimsheriff899 4 жыл бұрын
Hi dear thanks for your videos, am thinking of joining the army as 88mike but am a married couple will i received a bah and bas as e1?
@gavinsmith887 4 жыл бұрын
i still dont understand BAH and BAS, im fresh outta bootcamp and now at JBAB in DC, im not sure why my buddies in Chicago dont have it but i do?
@NICKYMGTV 4 жыл бұрын
BAS is money for food. This is given if a galley is not available due to your location or times you work. BAH is housing which can be allowed if barracks aren’t available.
@JohnDoe-gg7er 4 жыл бұрын
Hooyah HM1!
@omarrubio1231 4 жыл бұрын
Petty officer ramirez?
@JV-eb6hy 4 жыл бұрын
Yo i need help on the asvab
@bradf2656 3 жыл бұрын
I’m one of those who doesn’t sub but watches teehee (here’s a comment for you dude)
@NICKYMGTV 3 жыл бұрын
Brad I love you man! 😂
@stevenchacala 4 жыл бұрын
Here is an important tip: When you use an acronym in a presentation, say what it means the first time you use it in each and every presentation. This is a hard-coded requirement in most writing style-books.
@groundhopeunder717 2 жыл бұрын
11:45 Anyone caught what he said? What plan?
@RahulSharma-ok6tj 4 жыл бұрын
What branch are you in?
@jakepaetzold7181 4 жыл бұрын
I don’t want to enlist unless I can guarantee my chances of getting on a ship. Is that possible?
@NICKYMGTV 4 жыл бұрын
That’s easy. Pick a job that involves being on a ship like BM, OS, and many other jobs.
@TheUnappriciatedDAD 4 жыл бұрын
Here’s a comment eat my shorts! 🩳
@ayyoswoosh 4 жыл бұрын
I planning on joining the National Guard in 2020 signing up for 6 years so I get the VA housing loan?
@Edwin19D 4 жыл бұрын
Trenton Hill thats what i did. But be aware, you DO have to complete the 6 years prior to be eligible for the VA loan. Unless ofcourse if you deploy before that. Once you come back from deployment youre eligible
@brettbaker9062 4 жыл бұрын
Great plan. Pick a good MOS
@pauliesmith8357 4 жыл бұрын
Trenton Hill Same I live in NYC
@ayyoswoosh 4 жыл бұрын
Paulie Smith are you in the guard now or did you do everything now you’re just waiting on your ship date?
@hunnyhive4738 4 жыл бұрын
Whoever wants a smoother military experience. Join the Air Force!
@rades920 4 жыл бұрын
Hunny Hive I’m in tech school so far it ain’t bad
@zeeelzorrosalsa.3400 4 жыл бұрын
Does this apply to people serving in the Navy? Or can it apply to all people serving in all branches?
@NICKYMGTV 4 жыл бұрын
All branches.
@zeeelzorrosalsa.3400 4 жыл бұрын
@NickyMGTV thank you.
@Dnariobeats1289 4 жыл бұрын
He ranked up slow as fuck lmaoooooo
@NICKYMGTV 4 жыл бұрын
Hospital corpsman here. I made it pretty fast actually.
@perspicacity1396 4 жыл бұрын
🤙
@er33t 4 жыл бұрын
The squat racks are always taken on base
@NICKYMGTV 4 жыл бұрын
Simple solution. Don’t squat lol. Just kidding but I agree. We have a ton with how many marines are in base.
@er33t 4 жыл бұрын
@@NICKYMGTV How can I get a booty if I dont squat!? Lol.
@gunner2gunner 4 жыл бұрын
2.6% raise for 2020.
@cameronkearney2294 4 жыл бұрын
J A 3.1
@gunner2gunner 4 жыл бұрын
King.Cam13 retirees only got 2.6%.
@cameronkearney2294 4 жыл бұрын
J A ohhh okay gotcha my b
@rolandbioc3024 4 жыл бұрын
Is it still possible to be part of the legacy retirement system rather than the blended retirement system?
@NICKYMGTV 4 жыл бұрын
Sadly no. This is why I stress investing appropriately.
@rolandbioc3024 4 жыл бұрын
NICKY MGTV If im in the blended retirement system and do 20 years can i still receive a lifetime monthly allowance?
@NICKYMGTV 4 жыл бұрын
Roland Bioc this is variable on how much you contribute, how much it grows, and various other factors.
@rolandbioc3024 4 жыл бұрын
NICKY MGTV If I actually do 20 years of service will i see my monthly annuity pay at 65 or right afterward I leave? Sorry im confused 🤷🏻♂️ i am thinking of joining the navy for a career
@lloydaurion-gaming46 4 жыл бұрын
Under the blended retirement system, you get 40% of your base pay for the rest of your life instead of 50% (old system). If you do more than 20 then the % goes up. This is true in both systems. In the blended, the government will match what you put into your TSP up to 5%. I suggest putting all 5% because it’s free (as in, the government gives you an extra 5%).
@gunner2gunner 4 жыл бұрын
When I joined I made $9,600 my first year!
@sheshehype7946 4 жыл бұрын
What rank? What degrees?
@UFO_Shelbi 3 жыл бұрын
What if you're married ?
NICKY MGTV
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