i know we are gonna get paid for the five week training. i was thinking about doing it right before the dental school starts because i will be in a much higher tax bracket when on active duty. What do you guys think?
i know we are gonna get paid for the five week training. i was thinking about doing it right before the dental school starts because i will be in a much higher tax bracket when on active duty. What do you guys think?
If you go before school starts you will actually be able to get paid 45 days AD five (5) times throughout your four years in dental school because you get one period every FISCAL year.
Example
Summer '08 (Fiscal year '07)
ODS
Winter '08 (After Oct 1st, is fiscal year '08)
In school orders
Winter '09
In school orders
Winter '10
In school orders
Winter '11
In school orders
You can get paid five times, twice in '08!
It's never wise to think, "I'd rather not make more money to avoid higher taxes." You'll still end up with more money even if you pay more taxes.
If you go before school starts you will actually be able to get paid 45 days AD five (5) times throughout your four years in dental school because you get one period every FISCAL year.
Example
Summer '08 (Fiscal year '07)
ODS
Winter '08 (After Oct 1st, is fiscal year '08)
In school orders
Winter '09
In school orders
Winter '10
In school orders
Winter '11
In school orders
You can get paid five times, twice in '08!
It's never wise to think, "I'd rather not make more money to avoid higher taxes." You'll still end up with more money even if you pay more taxes.
Perhaps it's different for other branches, but for the AF, they don't pay you 5 times. I went to COT in July before dental school and this was counted as my 45-day active duty tour for my freshman year....so no active duty pay for January of my first year when others in my class who had not gone to COT got it.
correct me if i am wrong, all three branches should have the same policy on this issue. also if i choose to save the OIS after school but before the payback time, When are we required to check in with the military? I don't want to go through the OIS at the time and postpone my entering into the navy, just to earn a few thousand dollars more as an O-3 officer.
Entering OBC or OIS after you graduate doesn't delay your official entry to active duty. I reported to OBC at the end of June after graduation, as soon as you report to OBC or your first station you are on active duty and your obligation time begins.
I would rather complete OIS before graduation and have one less stop along the way. For instance one guy in my class went to school in Boston, had to stop in RI for OIS with his final duty station in CA. Before graduation he had to have a place rented so that his household items could be delivered which meant he rented a house without ever seeing it. Also he had to get ahold of someone at his new duty station that was nice enough to meet the moving truck so his items could be delivered. Anyway I think you get the picture.
Can you do your active duty 45 day period during the Christmas Jan break or is just for the summer months?
Can you do the 45 days once a school year, or once a calendar year?