Search found 139 matches

by Nords
Tue Dec 12, 2017 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: New Military Blended Retirement System starting in 2018
Replies: 39
Views: 6688

Re: New Military Blended Retirement System starting in 2018

As the final hour approaches I wanted to open this thread back up to updates from anyone. I too have realized that even though I plan to stay for 20 years, the right decision is to switch to the BRS. Thank you to everyone on here for the input. Nords, your most recent post on "Tricky Details" is a ...
by Nords
Tue Nov 28, 2017 12:03 pm
Forum: Personal Consumer Issues
Topic: USAA 2.5% Cash Back Credit Card
Replies: 253
Views: 43964

Re: USAA 2.5% Cash Back Credit Card

USAA does not subsidize its products, and even card rewards programs have to be at least revenue-neutral. It looks like this card costs more than it earns, but we already suspected that. If USAA can't figure out a way to make it stand on its own then they'll shut it down. So then the jury is still ...
by Nords
Tue Nov 28, 2017 11:29 am
Forum: Personal Consumer Issues
Topic: USAA 2.5% Cash Back Credit Card
Replies: 253
Views: 43964

Re: USAA 2.5% Cash Back Credit Card

I've attended USAA's blogger conferences for several years, and I asked them for an update on the pilot. Their Communications team forwarded the response to me: "The USAA Limitless Credit Card was rolled out throughout the year as a pilot in a number of states. As a part of our test and learn approa...
by Nords
Wed Nov 01, 2017 12:18 pm
Forum: Investing - Help with Personal Investments
Topic: New to the world of investing.
Replies: 7
Views: 688

Re: New to the world of investing.

I am in the military and I have been told this a fantastic forum to get advice from. I am reading and learning as much as I can before investing my money but i could use some more help. Thank you. While you're reading and learning, take the first step of investing now. If you're not already doing s...
by Nords
Wed Nov 01, 2017 10:55 am
Forum: Personal Consumer Issues
Topic: USAA 2.5% Cash Back Credit Card
Replies: 253
Views: 43964

Re: USAA 2.5% Cash Back Credit Card

Crap. This card has been on my radar for over a year. Thanks for the update. It recently rolled out in Hawaii (although it seems to have rolled back in), but we weren't ready to apply. We've spent most of this year messing around with our credit. We've just finished refinancing mortgages (a six-mont...
by Nords
Sat Oct 21, 2017 11:07 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2320
Views: 421477

Re: What's Your Credit Card Rewards Strategy?

New policy from Chase, active duty military can be exempted from annual fees for cards opened after September 20, 2017 due to Chase's interpretation/implementation of the Military Lending Act (MLA). https://www.doctorofcredit.com/military-lending-act-everything-need-know-annual-fee-waivers-capped-i...
by Nords
Tue Oct 10, 2017 10:47 am
Forum: Investing - Help with Personal Investments
Topic: 3 months left to contribute and max TSP
Replies: 25
Views: 2354

Re: 3 months left to contribute and max TSP

Would you roll the small traditional IRA I have (~$6K) into the TSP? I cannot make deductible traditional IRA contributions, and cannot contribute to a Roth IRA after this year. Sure. You're unlikely to need to withdraw the assets while you're in uniform, and moving them into the TSP will almost ce...
by Nords
Tue Oct 10, 2017 1:16 am
Forum: Investing - Help with Personal Investments
Topic: 3 months left to contribute and max TSP
Replies: 25
Views: 2354

Re: 3 months left to contribute and max TSP

That is quite a prolific military family! :) I swear it wasn't my idea! My spouse and I met in college, and our daughter grew up with the Navy. She's the one who insisted on dating a sailor. It was very romantic-- they met during a cryptographic materials training class. 18 months later they decide...
by Nords
Sat Oct 07, 2017 12:01 pm
Forum: Local Chapters and Bogleheads Community
Topic: Bogleheads you would most like to meet and why?
Replies: 134
Views: 9873

Re: Bogleheads you would most like to meet and why?

military vets & especially retirees not for me, but for my kids (one in undergrad , another a similar path) so I'd like to pick their brains to help my kids with how to maximize their financial lives while in the military If your kids don't want to post here then they (and you) are also welcome to ...
by Nords
Sat Oct 07, 2017 11:44 am
Forum: Investing - Help with Personal Investments
Topic: TSP and Income Limitations for Tax-Advantaged Accounts
Replies: 3
Views: 536

Re: TSP and Income Limitations for Tax-Advantaged Accounts

Just looking for advice for the military portfolio that exceeds Roth eligibility as well as deductions from traditional investments. I get those questions a lot from servicemembers, and you've answered all of them correctly. I could make a snarky comment about minimizing your military tax burden by...
by Nords
Sun Oct 01, 2017 12:47 am
Forum: Investing - Help with Personal Investments
Topic: 3 months left to contribute and max TSP
Replies: 25
Views: 2354

Re: 3 months left to contribute and max TSP

You were active duty military? Medical? I have never heard of a Personnel Support Detachment. I wonder if I can find out if one exists where I am stationed. The local DFAS office states that they have nothing to do with physician/bonus pay. The fellow who handles our physician pay says he cannot do...
by Nords
Sat Sep 30, 2017 10:58 pm
Forum: Investing - Help with Personal Investments
Topic: 3 months left to contribute and max TSP
Replies: 25
Views: 2354

Re: 3 months left to contribute and max TSP

Thanks much for your feedback! I do plan on "opting in" for the BRS, I believe the earliest we can is 1/1/2018. As of 7/1/2017, the lump sum bonus pays for physicians (sans board certification pay), have been converted to combined monthly taxable income going into each paycheck. As of now, many phy...
by Nords
Sat Sep 30, 2017 12:38 pm
Forum: Investing - Help with Personal Investments
Topic: New Federal Employee with Blank Financial Slate
Replies: 7
Views: 766

Re: New Federal Employee with Blank Financial Slate

ST346, here's some more info & links: Here's a summary of how to apply for your military service credit deposit: http://gubmints.com/2013/03/26/gubmints-comprehensive-military-service-credit-deposit-guide/ It's written by a submarine vet who worked in a federal civil service job for a number of year...
by Nords
Sat Sep 30, 2017 12:25 pm
Forum: Investing - Help with Personal Investments
Topic: 3 months left to contribute and max TSP
Replies: 25
Views: 2354

Re: 3 months left to contribute and max TSP

A few more comments, WanderingDoc. You may have already noticed this, but your myPay account will let you set your traditional TSP contribution to 92% (the other 7.45% is reserved for FICA) while you can only set your Roth TSP contribution to 60%-65% (varies by service). DFAS has the lower limit on ...
by Nords
Sat Sep 30, 2017 12:11 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review Request - ReadyInvestor
Replies: 39
Views: 3468

Re: Portfolio Review Request - ReadyInvestor

Question - Should I be contributing to the traditional TSP (401k) or to the ROTH TSP? I have always preferred paying the taxes now since I am in the military, no income tax and paying about 15% federal. Hi, RI, I wrote the book on military personal finance. I frequently see questions like yours. Yo...
by Nords
Sat Sep 23, 2017 11:07 am
Forum: Investing - Help with Personal Investments
Topic: 24F Looking to start an aggressive portfolio
Replies: 31
Views: 2670

Re: 24F Looking to start an aggressive portfolio

I don't make enough to max out tsp (only an e3). I am currently only doing the TSP roth. Check out the-military-guide . I think that is nords blog? It should have lots of relevant info for you since you are in the military. Thanks, TJ! I would start with 6k and be doing 5-600 monthly investments. I...
by Nords
Mon Sep 18, 2017 11:34 am
Forum: Personal Finance (Not Investing)
Topic: dementia, POA, credit freezes, and IRS tax return PIN - what am I getting into?
Replies: 36
Views: 3125

Re: dementia, POA, credit freezes, and IRS tax return PIN - what am I getting into?

Thinking about your post for a bit longer ... I guess one small bright spot is that SS Online is the only place you mentioned encountering problems because of the credit freeze. Nothing about "Once Dad got to the point where he had to move into a care facility, all of a sudden there were a bunch of...
by Nords
Sun Sep 17, 2017 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: dementia, POA, credit freezes, and IRS tax return PIN - what am I getting into?
Replies: 36
Views: 3125

Re: dementia, POA, credit freezes, and IRS tax return PIN - what am I getting into?

Have other people run into situations where it seemed at one time like a good idea to put these identity theft protection measures into action for an aging person, but then time went on, the aging person sadly became incapacitated, and the person in charge of admininstering their financial affairs ...
by Nords
Sun Aug 27, 2017 5:27 pm
Forum: Investing - Help with Personal Investments
Topic: USAA opinions. Worth it?
Replies: 53
Views: 5665

Re: USAA opinions. Worth it?

Current PGY-3 resident and just found out that I am eligible for USAA due to family in the military. I have yet to compare prices for insurance or any of the other services, but I was wondering what experiences people have had with them in the past? -How are their auto or homeowner's insurance rate...
by Nords
Sun Aug 27, 2017 5:19 pm
Forum: Investing - Help with Personal Investments
Topic: Military Retiree Question
Replies: 8
Views: 907

Re: Military Retiree Question

I have not considered leaving my money in the TSP account after I retire, but am hearing from more and more that that is a good option. My goal is to buy our retirement home (no mortgage) outright around age 63 to 65 using my TSP/Roth IRA and savings. With no mortgage to deal with, funding our mont...
by Nords
Sat Aug 05, 2017 5:54 pm
Forum: Investing - Help with Personal Investments
Topic: New military officer. Is the Roth TSP the obvious choice?
Replies: 37
Views: 3539

Re: New military officer. Is the Roth TSP the obvious choice?

Are there any financial advisors provided by the military? I think this question is too complicated for us to answer. Your compensation when you retire will include things hat the rest of us don't get - like a nice chunk of disability pay - and I, for one have no idea how or if that is taxed in ret...
by Nords
Sat Aug 05, 2017 5:14 pm
Forum: Investing - Help with Personal Investments
Topic: In addition to military pension, how much should I save for retirement?
Replies: 13
Views: 1950

Re: In addition to military pension, how much should I save for retirement?

I guess my primary question though I am still not sure I understand for the pension. How do I value the pension in order to more understand the figure I am saving for? Do I value it as the cost of buying an annuity with similar terms and use that dollar value to offset my 25x income at retirement? ...
by Nords
Thu Aug 03, 2017 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Aging in place and landlord exit strategies
Replies: 13
Views: 2291

Re: Aging in place and landlord exit strategies

Maintaining steep hillside lots (and landlording, for that matter) are things to outsource when they become burdensome. We like to travel, and so directly managing a rental is not something we want to do at this time. In 20 years, you might well have convenient automated car service (either your ow...
by Nords
Wed Aug 02, 2017 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Aging in place and landlord exit strategies
Replies: 13
Views: 2291

Re: Aging in place and landlord exit strategies

These are great questions & comments. Thanks for helping us analyze this! Our rental is much better than our home for aging in place, yet I've had about enough of landlording. Perhaps you should move into the rental and sell your other house. It sounds like the ideal way would be for you to move int...
by Nords
Tue Aug 01, 2017 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Aging in place and landlord exit strategies
Replies: 13
Views: 2291

Aging in place and landlord exit strategies

It's been a while since I've started a thread here, yet this forum might have more members with the landlord experience I'm seeking. I'd also appreciate hearing from those of you who have had to personally work through an age-in-place challenge. My spouse and I own two pieces of Oahu real estate whi...
by Nords
Tue Jun 27, 2017 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: Military Retirement; "Should I stay or should I go now?"
Replies: 61
Views: 11962

Re: Military Retirement; "Should I stay or should I go now?"

Nords, thanks for the reply. I was waiting until I had some free time to respond to you. I have now moved into a new job where I will not deploy, so things have gotten better, sort of. The new job has insane hours, but at least I'm home so it'll work for the next year until we PCS. The issue for us...
by Nords
Thu May 25, 2017 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Present value of COLA pension
Replies: 20
Views: 2219

Re: Present value of COLA pension

The original posts say "55% survivor benefit". We need the original poster (or someone familiar with military pensions) to say whether this means Pension drops to 55% when either annuitant dies or Pension drops to 55% only if primary annuitant dies first. I.e., if secondary annuitant (spouse) dies ...
by Nords
Sun May 21, 2017 12:28 am
Forum: Investing - Help with Personal Investments
Topic: Maximizing Deployment
Replies: 7
Views: 973

Re: Maximizing Deployment

Great info, thank you! Follow on questions- My wife and I are currently not eligible to contribute to Roth IRA due to the income limits so I have been doing backdoor roths for both of us. (1) Due to the fact that my income in the combat zone is untaxed would this (depending on what our combined tax...
by Nords
Sun May 21, 2017 12:14 am
Forum: Investing - Help with Personal Investments
Topic: Maximizing Deployment
Replies: 7
Views: 973

Re: Maximizing Deployment

Hello All, I'm looking for some military minded advice. I have an upcoming deployment that will put me in CENTCOM periodically. Are there any strategies for maximizing the tax free benefits of CENTCOM. Some specific questions below: -If I contribute to a Roth while in CENTCOM will it be tax free go...
by Nords
Sat May 06, 2017 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: Disabled Veterans - What to expect in coming years?
Replies: 4
Views: 769

Re: Disabled Veterans - What to expect in coming years?

What does that mean exactly? What can I expect in 10 years? Then 20 years? Approx. 2% per year? Yep, it's tied to "the CPI", which people are usually referring to when they're talking about inflation. http://themilitarywallet.com/cola-cost-of-living-adjustments/ Keep in mind that your personal rate...
by Nords
Sat May 06, 2017 2:40 pm
Forum: Local Chapters and Bogleheads Community
Topic: Your USER NAME...what does it mean?
Replies: 369
Views: 33915

Re: Your USER NAME...what does it mean?

Re: Your USER NAME...what does it mean? On my first submarine in 1984, my XO was grumpy that we didn't have call signs (like military aviators). He started assigning them to us anyway, and "Nords" is the most family-friendly version of mine. He's a great guy but I lost touch with him in 1989. A dec...
by Nords
Sat May 06, 2017 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Federal job, "military time buyback" for pension
Replies: 22
Views: 2360

Re: Federal job, "military time buyback" for pension

This is a fairly basic question so apologize if this sounds silly. I just want to make sure I'm not overlooking something very important! Seems like basic math, and I know that if Congress decides to change some rules then I could get screwed if I'm not already settled up, but other than this does ...
by Nords
Tue Apr 25, 2017 5:10 pm
Forum: Local Chapters and Bogleheads Community
Topic: Hawaii Bogleheads, where are you?
Replies: 26
Views: 3388

Re: Hawaii Bogleheads, where are you?

Nords and I are both on Oahu...I think he told me previously he tried to start a BH chapter here but there wasn't enough interest in it. I can't recall how long ago that was though. Over here from Mililani. Long time lurker. How many do we need in order to start a Chapter? Well that only took about...
by Nords
Tue Apr 25, 2017 12:22 pm
Forum: Local Chapters and Bogleheads Community
Topic: Hawaii Bogleheads, where are you?
Replies: 26
Views: 3388

Re: Hawaii Bogleheads, where are you?

Do any of the Hawaii Bogleheads come originally from somewhere far away, such as Boston? Do you travel frequently to see family? How much does it cost to live that type of life? I'd be interested to discuss this privately with someone. If you're willing to, please PM me. Hi, Dan, I grew up in 1960s...
by Nords
Sat Apr 22, 2017 10:43 am
Forum: Investing - Help with Personal Investments
Topic: Starting from Ground Zero!!
Replies: 11
Views: 2375

Re: Starting from Ground Zero!!

I will definitely look more carefully at the military's BRS, and I may follow up later with questions on that. You can read more at the DoD website: http://militarypay.defense.gov/BlendedRetirement/ If you really want to dig into the details (with links to the law and the policies) then read the 31...
by Nords
Sun Apr 16, 2017 6:44 pm
Forum: Local Chapters and Bogleheads Community
Topic: Hawaii Bogleheads, where are you?
Replies: 26
Views: 3388

Re: Hawaii Bogleheads, where are you?

Nords! How often do you check your portfolio?? Got it on auto pilot, hmm, auto paddle?? 8-) Heh, pretty much. These days I hardly check it at all. Fidelity sends me a daily news update if one of our tickers is mentioned, but those are rare for ETFs. I looked at Berkshire Hathaway last month (prompt...
by Nords
Sun Apr 16, 2017 2:21 pm
Forum: Local Chapters and Bogleheads Community
Topic: Hawaii Bogleheads, where are you?
Replies: 26
Views: 3388

Re: Hawaii Bogleheads, where are you?

This would be great only if I know how to swim! :oops: (Gotta find a cheap/free instructor. Maybe the local YMCA?) Yeah, you'll want to be able to swim. If it's any consolation, the issue is more common than you'd expect. Lifeguards claim that nearly one-third of Oahu's surfers can't swim well enou...
by Nords
Sun Apr 16, 2017 12:09 am
Forum: Local Chapters and Bogleheads Community
Topic: Hawaii Bogleheads, where are you?
Replies: 26
Views: 3388

Re: Hawaii Bogleheads, where are you?

Nords and I are both on Oahu...I think he told me previously he tried to start a BH chapter here but there wasn't enough interest in it. I can't recall how long ago that was though. Over here from Mililani. Long time lurker. How many do we need in order to start a Chapter? Well that only took about...
by Nords
Tue Apr 04, 2017 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Military Retirement; "Should I stay or should I go now?"
Replies: 61
Views: 11962

Re: Military Retirement; "Should I stay or should I go now?"

I get this question a lot from my readers. The answer is to stay on active duty as long as you're feeling challenged & fulfilled. But when the fun stops, it's time to leave active duty I wish making the decision to retire were so simple; it's far from simple for our situation. I am ready to retire ...
by Nords
Sat Apr 01, 2017 4:13 pm
Forum: Investing - Help with Personal Investments
Topic: Investment Advice and book suggestions
Replies: 7
Views: 739

Re: Investment Advice and book suggestions

I have bad credit and been working on paying off my debt. I am shipping off to bootcamp May 4, 2017 and have been reading about the Thrift Savings Plan the Military offers and plan on dumping as much as I can comfortably into the TSP for hopefully an early retirement. We will be receiving BHA of $3...
by Nords
Sat Apr 01, 2017 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: How to effectively advertise a vacant physican (M.D.) position?
Replies: 12
Views: 1317

Re: How to effectively advertise a vacant physican (M.D.) position?

Aloha, My government organization currently has a vacant position for a physician (specialty not required; any qualified M.D.) and we have advertised the position on USA Jobs. However, I suspect most M.D.'s don't peruse USA Jobs looking for employment. To achieve max exposure, are there websites or...
by Nords
Sat Mar 25, 2017 7:32 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Roth TSP, IRA, and CZTE strategy
Replies: 4
Views: 897

Re: Help with Roth TSP, IRA, and CZTE strategy

CheeseFlip wrote:Nords - That's a wiki-worthy post. Good job.
Thanks. The CZTE rules and the military's new Blended Retirement System will provide lifetime employment for financial planners... and military bloggers.
by Nords
Sat Mar 25, 2017 10:51 am
Forum: Investing - Help with Personal Investments
Topic: Help with Roth TSP, IRA, and CZTE strategy
Replies: 4
Views: 897

Re: Help with Roth TSP, IRA, and CZTE strategy

Hi all, new to the forum and appreciate all the valuable information I've come across so far. This is my first thread. I have the opportunity to serve in a CZTE-qualifying region from this July to next January and I'd like to maximize the opportunity to invest wisely. Welcome, Brew. We get this que...
by Nords
Sat Mar 11, 2017 11:10 pm
Forum: Investing - Help with Personal Investments
Topic: Help with prioritization/next step
Replies: 8
Views: 622

Re: Help with prioritization/next step

I currently don't contribute to the TSP. I like the idea of accruing properties as I move around for the Air Force and the market in Denver was too hot to not buy. All this said, I have a few questions. Welcome to Bogleheads, BierMan. I wrote the book on military financial independence, and a numbe...
by Nords
Tue Feb 28, 2017 12:49 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio review and a few questions!
Replies: 11
Views: 1388

Re: Portfolio review and a few questions!

If either of you deploys to a location with combat-zone tax-exempt pay then you'd try to maximize your contributions to your traditional TSPs to the higher IRS 415(c) limits. https://www.tsp.gov/PlanParticipation/EligibilityAndContributions/contributionLimits.html If you're coming up on a deploymen...
by Nords
Sat Feb 25, 2017 5:24 pm
Forum: Investing - Help with Personal Investments
Topic: First Post. IRA vs TSP
Replies: 14
Views: 1799

Re: First Post. IRA vs TSP

It does allows service members who serve less than 20 to walk away with something for their retirement, but have no doubt that if you serve 20+ years, the new system is not going to be as beneficial. I do have doubts. The Blended Retirement System is a multi-variable formula and the matching contri...
by Nords
Sat Feb 25, 2017 5:13 pm
Forum: Investing - Help with Personal Investments
Topic: What's my next move
Replies: 5
Views: 899

Re: What's my next move

Military Veteran What's been on my mind lately is .... when will it be time to buy a house? I realize that you'll probably be able to build your own home, but if you decide to take out a mortgage on an existing home then consider a VA loan. If you have a VA disability rating then you may be able to...
by Nords
Sat Feb 25, 2017 5:03 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio review and a few questions!
Replies: 11
Views: 1388

Re: Portfolio review and a few questions!

Congratulations, Steve, it looks like you're doing fine. Goals: -I would like to retire from the military in 10 years with my wife and have over $1 mil in investments/wealth. First, I'd focus on reaching the 4% Safe Withdrawal Rate goal of "25x expenses". A $1M net worth isn't much help if...
by Nords
Sat Feb 25, 2017 3:57 pm
Forum: Investing - Help with Personal Investments
Topic: 100% Stock Portfolio? - 20s Military Investor
Replies: 13
Views: 1897

Re: 100% Stock Portfolio? - 20s Military Investor

I'm currently an officer in the military, and wondering if based off my age, my stable income, and potential for a COL adjusted pension, if I can afford to go to a 100% stock allocation? When I was 25 years old, I wasn't planning on doing 20+ years and retire from the Army...and I would suggest you...
by Nords
Sat Feb 18, 2017 11:00 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurer with no credit rating? AAFMAA
Replies: 3
Views: 744

Re: Life insurer with no credit rating? AAFMAA

Seems like they cater to active duty military, which may not be insurable from other companies depending on their duties and foreign travel. . Yes, true. Our other option is to continue the limited coverage of $400,000 offered by the military for the same price. We are looking for him and for me. H...