Search found 88 matches

by Nords
Fri Jan 20, 2017 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: USAA Dividend Distribution
Replies: 28
Views: 2620

Re: USAA Dividend Distribution

A decade ago, I would say, "USAA doesn't need to advertise because their services and rates are so good!" I wonder how much USAA spends on the numerous TV commercials they show now? According to iSpot.tv, "In the past 30 days, USAA has had 1,879 airings and earned a airing rank of #4...
by Nords
Sat Jan 14, 2017 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: USAA Dividend Distribution
Replies: 28
Views: 2620

Re: USAA Dividend Distribution

It's complicated. USAA (and the rest of the auto insurance industry) is raising rates nationwide on almost every driver in 2017. This is a response to new accident statistics. Vehicles are more expensive than ever (more tech & safety features) while accidents are more expensive to repair (crump...
by Nords
Sat Jan 14, 2017 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: USAA Dividend Distribution
Replies: 28
Views: 2620

Re: USAA Dividend Distribution

I've had USAA for car insurance, umbrella, and renters insurance for four years and never received a dividend. Just checked my proof of insurance card and it doesn't say anything about Subscriber's Account. It's complicated. USAA members who are servicemembers or veterans can have a Subscriber Acco...
by Nords
Sat Jan 14, 2017 4:56 pm
Forum: Investing - Help with Personal Investments
Topic: Am I doing it right?
Replies: 7
Views: 1102

Re: Am I doing it right?

You're getting good advice on the rest of your post, and your high savings rate could enable you to reach financial independence before you reach 20 years of service. Your asset allocation is good enough to get you there. So let me just tackle this part: I’m currently at 8 years time-in-service and ...
by Nords
Sat Jan 14, 2017 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: Military Retirement; "Should I stay or should I go now?"
Replies: 42
Views: 5677

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

I'll have The Clash banging away in my head for the rest of the day. Not that there's anything wrong with that. The positive side to things is that we will have the flexibility to do what we want when we get out but like you mentioned that you felt like you were back in high school rings very true t...
by Nords
Sat Jan 14, 2017 4:16 pm
Forum: Investing - Help with Personal Investments
Topic: To those with a pension...
Replies: 52
Views: 5975

Re: To those with a pension...

Did you (if retired) or do you (if still working) either: A) reduce your retirement contributions by some percent or dollar amount based on the fact that you will have a guaranteed stream of income in addition to social security; or B) reduce your bond allocation and increase your stock allocation?...
by Nords
Sat Jan 07, 2017 3:59 pm
Forum: Investing - Help with Personal Investments
Topic: Should I max my Roth TSP or invest?
Replies: 40
Views: 3617

Re: Should I max my Roth TSP or invest?

I joined in January of 2016 last year. I couldnt start my TSP amount until I got out of basic. So far I have contributed 1800 dollars in my Roth TSP and 1000 in my Roth IRA. You'll have two years of service shortly after the BRS goes into effect, so you'll get the match almost immediately. You can ...
by Nords
Sun Jan 01, 2017 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Military Retirement; Time value of drawing a pension at 20 years
Replies: 23
Views: 2117

Re: Military Retirement; Time value of drawing a pension at 20 years

I would not assume that retired military pay will keep up with inflation. Inflation for 2016 was approximately 1.7% depending on your source. I received a 0.3% increase for 2017. I think if your spreadsheet is assuming that inflation is represented by the Consumer Price Index, and if your military ...
by Nords
Sat Dec 31, 2016 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Military Retirement; Time value of drawing a pension at 20 years
Replies: 23
Views: 2117

Re: Military Retirement; Time value of drawing a pension at 20 years

Keep in mind the increase in income taxes that most military members pay when they retire. I know a few that were shocked at the increase in federal income tax owed. I dont understand the increase in the federal tax bill here unless the retiree gets subsequent employment. Likely referring to the no...
by Nords
Sat Dec 31, 2016 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Military Retirement; Time value of drawing a pension at 20 years
Replies: 23
Views: 2117

Re: Military Retirement; Time value of drawing a pension at 20 years

What I am struggling with is, if one retires from the military at 20 (option a) and takes a pension for 25 years ( $35,078 x 25 years = $701,560 [not taking into account COLA, etc.) vs. serving an additional 5 years (option b) garnering 60% base pay ($49,889 x 20 years = $997,780), the delta is ~ $...
by Nords
Sat Dec 03, 2016 4:43 pm
Forum: Investing - Theory, News & General
Topic: Military Pension (Or any pension) - Roth vs. Traditional for 401K
Replies: 21
Views: 2956

Re: Military Pension (Or any pension) - Roth vs. Traditional for 401K

I'm a little late to this thread, but I agree with paying the taxes first on active duty and maximizing Roth TSP & Roth IRA contributions. For most servicemembers (and especially for military retirees seeking bridge careers), the years on active duty may be the lowest income-tax bracket you'll e...
by Nords
Wed Nov 16, 2016 5:06 am
Forum: Personal Finance (Not Investing)
Topic: New Military Blended Retirement System starting in 2018
Replies: 36
Views: 4642

Re: New Military Blended Retirement System starting in 2018

Geronkas wrote:Nords

Your blog and personal FI story have motivated my own journey. Your blog provides a wealth of financial information for service members and retirees. Thank you.

Geronkas

You're welcome! Glad it's helping.
by Nords
Tue Nov 15, 2016 10:44 pm
Forum: Personal Finance (Not Investing)
Topic: New Military Blended Retirement System starting in 2018
Replies: 36
Views: 4642

Re: New Military Blended Retirement System starting in 2018

Why is 14 years your go/no go year? I always heard and assumed it was 10 since you can make O4 in 10 and also E6 which both have statutory retirement at 20 years. I wouldnt recommend anyone who is already serving to switch to blended as they've already lost several years of TSP matching benefits. I...
by Nords
Mon Nov 14, 2016 11:31 pm
Forum: Personal Finance (Not Investing)
Topic: New Military Blended Retirement System starting in 2018
Replies: 36
Views: 4642

Re: New Military Blended Retirement System starting in 2018

Haven't read through the whole thread to see if anyone found this but since this was the first occurance of the question I thought I'd leave the link here. From the DOD Office of the Actuary. A break down of the demographics of retirees. http://actuary.defense.gov/Portals/15/Documents/statbook11.pd...
by Nords
Fri Jul 29, 2016 11:52 pm
Forum: Personal Finance (Not Investing)
Topic: Premium increase for federal employee long term care insurance
Replies: 69
Views: 5867

Re: Premium increase for federal employee long term care insurance

Many of these policies offered a daily benefit of $210, after a 90 day waiting period. Since even then the average stay in a nursing home was 9 months, according to a cross section of the studies, it seemed that the exposure was worse with the policy. If I had a waiting period of 90 days and stayed...
by Nords
Sun Jul 24, 2016 11:14 pm
Forum: Personal Finance (Not Investing)
Topic: Premium increase for federal employee long term care insurance
Replies: 69
Views: 5867

Re: Premium increase for federal employee long term care insurance

I've finally had a chance to sit down and analyze my letter. I've had the insurance since it was first available, about 13 years ago. I originally opted for the $150/day coverage for both me and my wife. 90 day waiting period; 3 year benefit period for me; 5 years for her. The plan originally had a...
by Nords
Sun Jul 24, 2016 5:18 am
Forum: Personal Finance (Not Investing)
Topic: Premium increase for federal employee long term care insurance
Replies: 69
Views: 5867

Re: Premium increase for federal employee long term care insurance

Several people asked in earlier posts if anyone has had any experience with either the Federal LTC program or with John Hancock. The link below is to a post by Doug Nordman ("Nords") who runs a military retirement web site, posts on the Early Retirement/Financial Independence boards and w...
by Nords
Sat Jul 02, 2016 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: New Military Blended Retirement System starting in 2018
Replies: 36
Views: 4642

Re: New Military Blended Retirement System starting in 2018

The military is pushing out new blended retirement system to cut pension costs starting in Jan 2018. See this for more info: http://www.militaryonesource.mil/footer?content_id=290760. Those who joined between 2006 and 2017 may choose to opt in. A choice to opt in is irreversible. Has anyone seen an...
by Nords
Wed Jun 01, 2016 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Navy Reserve?
Replies: 7
Views: 1026

Re: Navy Reserve?

Hello All, I am just curious if any BHers are part of the Navy Reserve. I am looking into joining and would like to learn more about it. Although the Navy's website has some information I would like to hear some actual feedback. Thanks, BV Thanks Friar, Ryan, and everyone else who e-mailed me! I'm ...
by Nords
Sun Mar 13, 2016 1:14 am
Forum: Personal Finance (Not Investing)
Topic: New Military Retirement System
Replies: 84
Views: 9833

Re: New Military Retirement System

Yes. I registered just for this thread. I would hate for new service members to be given wrong information. If you are under the new blended retirement plan you DO NOT get both the matching tsp AND the 40% pension if you stay in for 20 years. Under the new plan you get ONLY the matchig tsp contribu...
by Nords
Mon Dec 21, 2015 10:59 am
Forum: Personal Finance (Not Investing)
Topic: New Military Retirement System
Replies: 84
Views: 9833

Re: New Military Retirement System

Nords, thank you. The wiki has been updated: Military finances ("A military pension is better than most pensions.") FYI - Nords' blog and military guide info are mentioned at the bottom of the wiki article. I found the poster. The Coast Guard has a concise summary, along with hosting the ...
by Nords
Sun Dec 20, 2015 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: New Military Retirement System
Replies: 84
Views: 9833

Re: New Military Retirement System

I mostly lurk here, but I have some of the answers. Keep in mind that the laws have been passed but DoD still has to implement the governing instructions and (worst of all) the TSP still has to update their software. There'll be inevitable changes over the next two years, and some of the legislation...
by Nords
Mon Aug 19, 2013 10:40 am
Forum: Local Chapters and Bogleheads Community
Topic: I sold The-Military-Guide.com, and I'm still writing for it.
Replies: 0
Views: 659

I sold The-Military-Guide.com, and I'm still writing for it.

A short note for you military Bogleheads: I sold the blog. More precisely, I sold the blog's revenue stream to a buyer who's taking over the blog's management while I continue to write. We agreed that I'd stick around for a three-year earnout, and I'm going to keep marketing the book and pocket guid...
by Nords
Sat Aug 03, 2013 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance impact of genetic testing
Replies: 2
Views: 351

Insurance impact of genetic testing

I don't post very often here, but the Bogleheads forum has a reputation for representing a more... shall we say... "experienced" demographic. I resemble that characterization, and I think this is where I'm most likely to get good answers to questions about genetic testing and long-term car...
by Nords
Tue Jul 16, 2013 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Help create a Financial Presentation: Calling all Bogleheads
Replies: 110
Views: 13904

Re: Help create a Financial Presentation: Calling all Bogleh

This is a great idea, and I'd be more than happy to hop onto a team to contribute whatever I can. I deal with young sailors/Marines/airmen/soldiers a lot, as well as more seasoned officers, so a nice shell presentation that can be calibrated to an audience sounds like a fantastic idea. In fact, the...
by Nords
Sun Jun 16, 2013 10:55 pm
Forum: Personal Finance (Not Investing)
Topic: Help create a Financial Presentation: Calling all Bogleheads
Replies: 110
Views: 13904

Re: Help create a Financial Presentation: Calling all Bogleh

Here's a classic cautionary post by J.D. Roth of GetRichSlowly.org on why financial literacy fails: http://www.getrichslowly.org/blog/2011/12/07/why-financial-literacy-fails-and-what-to-do-about-it/ Instead of teaching Americans about credit cards and rates of return, we need to be teaching them abo...
by Nords
Sat Jun 15, 2013 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: Help create a Financial Presentation: Calling all Bogleheads
Replies: 110
Views: 13904

Re: Help create a Financial Presentation: Calling all Bogleh

Ive been thinking about proposing the same thing for a long time - trying to educate young Marines. I would be happy to help. When I started The-Military-Guide.com (to market the book) I excerpted the first six months of blog posts from the book. It's not all of the book (no personal stories or cha...
by Nords
Thu Mar 22, 2012 1:15 am
Forum: Investing - Theory, News & General
Topic: Military Investing
Replies: 123
Views: 46922

Re: Military Investing

The post 9/11 GI Bill is a huge benefit: One doesn't have to pay into it like the Montgomery GI Bill; it pays substantially more than the Montgomery GI Bill in most cases; it can be passed down to dependents; and you have a longer timeframe to use it after leaving active duty. Veterans of a certain...
by Nords
Tue Jan 24, 2012 2:41 pm
Forum: Investing - Theory, News & General
Topic: Military Investing
Replies: 123
Views: 46922

Re: Military Investing

For your physical address you claim the same address that you had when you claimed the residency. It doesn't matter that you don't live there anymore. When I joined, I was renting an apartment in GA. GA was my state of residence for the entire time and I used that address for the enire time as well...
by Nords
Sun Jan 15, 2012 11:51 am
Forum: Investing - Theory, News & General
Topic: Military Investing
Replies: 123
Views: 46922

Re: Military Investing

I was aware of the military pension exclusions/reduction in some states. I just can't believe that every state agreed to give up out-of-state income tax. Certainly they don't for anybody except the military. It must be the first time every state agreed about anything. As a practical matter, of cour...
by Nords
Sat Jan 14, 2012 10:02 pm
Forum: Investing - Theory, News & General
Topic: Military Investing
Replies: 123
Views: 46922

Re: Military Investing

You don't need anyone's permission, quote whatever you want. Just a courtesy heads-up. Here's your list reformatted as links: (Three parts? I could only find the first.) Asset allocation considerations for a military pension (part 2 of 3) Asset allocation considerations for a military pension (part...
by Nords
Sat Jan 14, 2012 8:48 pm
Forum: Investing - Theory, News & General
Topic: Military Investing
Replies: 123
Views: 46922

Re: Military Investing

I don't get over here often ( "Hey, look, new forum software!" ) but thanks for putting the book in the wiki. The first semi-annual royalty checks are going to Wounded Warrior Program and Fisher House, roughly $568 to each. That's based on sales of 605 copies of "The Military Guide&qu...
by Nords
Sun Jun 05, 2011 2:01 pm
Forum: Investing - Theory, News & General
Topic: Military Investing
Replies: 123
Views: 46922

Update to Ron's post: "The Military Guide To Financial Independence and Retirement" is now available for order from Impact Publications and (hint, hint) through the Bogleheads link to Amazon.com at the top of this page. There's also a (much cheaper) 4"x5" 64-page "pocket gui...
by Nords
Thu Jan 20, 2011 11:18 pm
Forum: Personal Consumer Issues
Topic: Berkshire Hathaway Annual Meeting
Replies: 18
Views: 3590

We've been Berkshire shareholders for over a decade, but we'll never go to that circus. I think it outgrew its venue at least five years ago. I don't know if you've read Jeff Matthews' "Pilgrimage to Warren Buffett's Omaha" , but he includes detailed descriptions of his attendance at the 2...
by Nords
Thu Jan 13, 2011 9:47 am
Forum: Investing - Theory, News & General
Topic: Military Investing
Replies: 123
Views: 46922

I have already registered to vote in TX. I will not purchase any property there (or anywhere). I have not registered vehicles there because military service members are not required to re-register their vehicles every time they move. So basically I've only registered to vote in TX. Does anyone know...
by Nords
Tue Nov 03, 2009 3:08 pm
Forum: Investing - Theory, News & General
Topic: Buffett puts $26 billion to work
Replies: 16
Views: 2785

A potentially even more significant announcement is the 50:1 split for BRK B Shares (which will have to be voted on, presumably at the next annual meeting). A Shares won't be affected. That got my attention. None of the reporting has said whether "C" shares will be offered to the general ...
by Nords
Sat Oct 31, 2009 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Impact of Mortgage on Homeowner's Insurance Rates
Replies: 12
Views: 1755

Re: Impact of Mortgage on Homeowner's Insurance Rates

Does paying off a mortgage have any positive (or negative) impact on homeowner's insurance rates? A mortgage company will be pretty insistent about insuring the home for its assessed value. If you don't have a mortgage then you could insure the home for whatever value you want and shoulder some of ...
by Nords
Sun Oct 25, 2009 2:38 pm
Forum: Personal Consumer Issues
Topic: Any military folks on here making a career or retired
Replies: 46
Views: 6147

MWCA wrote:I wonder to myself what will be the long term effects on him.

Seven years after retiring I still have the nightmares-- some stretching all the way back to the 1980s-- but you learn to live with it.
by Nords
Sun Oct 25, 2009 1:28 am
Forum: Investing - Theory, News & General
Topic: Annuity owners live longer
Replies: 41
Views: 5651

Re: Annuity owners live longer

I heard (where I can not remember) that Annuity owners (presumably single payer types) live longer. Would the living care to explain why? Cody Maybe it's because they have a long-term view and can actually do math. Here's a quote from Greaney's survey of the annuity literature & expenses: If yo...
by Nords
Sun Oct 25, 2009 1:22 am
Forum: Personal Consumer Issues
Topic: Any military folks on here making a career or retired
Replies: 46
Views: 6147

Re: Any military folks on here making a career or retired

Just wondering if anyone else on here is trying to make a career out of the military or retired military that can offer some useful advice. I been enlisted in the airforce for the last eight years, planning on making it another 12 but there are sometimes when I just think about gettin out and going...
by Nords
Sun Oct 11, 2009 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: "Retired by 50" article evolves into series?
Replies: 32
Views: 6695

Re: "Retired by 50" article evolves into series?

Liz brings with her a wealth of experience as a CFP, a former finance writer for the Los Angeles Times, and as a columnist answering people’s questions about investing and finance. Given the advent of the housing melt down, and the recession, I asked her several months ago if it would not be a good...
by Nords
Mon Oct 05, 2009 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Getting Rid of Cable???
Replies: 179
Views: 27045

We're essentially paying $52.80/month for HGTV* with rare detours into A&E and TLC. If there was some way to get HGTV shows on the Internet or even a Netflix-style subscription then I wouldn't mind spendign a couple hundred bucks a year. I can't wait for a la carte CATV pricing. But the cable co...
by Nords
Mon Oct 05, 2009 2:18 pm
Forum: Personal Consumer Issues
Topic: When did you know it was time to move out?
Replies: 43
Views: 4956

My parents moved a lot when I was a kid, but I was always able to find them. (Henny Youngman? Rodney Dangerfield?) My family literally moved 3000 miles away the week I started college, so when I visited them during breaks it never felt like "home" anyway. Our kid's going down the same path...
by Nords
Sun Oct 04, 2009 11:32 pm
Forum: Investing - Help with Personal Investments
Topic: Early Retirement
Replies: 33
Views: 4675

Re: Early Retirement

pichmn wrote:We have made the decision to work towards early retirement.
Any help, suggestions, books, articles, etc. would be GREAT!

http://www.early-retirement.org
and
the FIRECalc retirement calculator at http://www.fireseeker.com/
by Nords
Sun Oct 04, 2009 3:26 pm
Forum: Forum Issues and Administration
Topic: OT threads may be deleted
Replies: 50
Views: 10317

stratton wrote:This is one area where the admins can't win. Some vocal, major portion of board memhers will/won't like policies like this and will complain. :P

Admins always win!
by Nords
Sun Oct 04, 2009 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: Contractor bids
Replies: 12
Views: 1465

Re: Contractor bids

Been planning a large remodeling project for almost a year and contractor bids are now in. There is a sizeable gap between the two contractors I would consider using. One is a guy I have used before and who is reliable and does good work. The other has an equally good reputation and has worked with...
by Nords
Sat Oct 03, 2009 1:55 pm
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion Timing and Estimated Taxes
Replies: 35
Views: 4795

Re: Roth Conversion Timing and Estimated Taxes

5) Am I missing something? Back away from form 2210 for a bit, as much fun as it is to contemplate, and see if you can base your estimated tax payments on the previous year's tax. 2210 is intended for uneven income throughout the year but it's not the only tool available. With some caveats, estimat...
by Nords
Sat Oct 03, 2009 1:20 am
Forum: Personal Finance (Not Investing)
Topic: Did college cost you full list price?
Replies: 105
Views: 14152

Nords, I am truly sorry you think the way you do. We come from diferent tribes. Chris Thanks, but sympathy of that nature is neither required nor desired. I'm sure there are more than a few in '65 who feel the way I do, and I'm pretty sure that many of my classmates share your sentiments. You proba...
by Nords
Fri Oct 02, 2009 10:54 pm
Forum: Personal Consumer Issues
Topic: Retirement Gift Ideas?
Replies: 11
Views: 1515

Re: Retirement Gift Ideas?

... his surprise retirement party. I'd like to get him something for this special occasion. I sure hope he's figured out by now that he's retiring. Otherwise this "special occasion" will be one heck of a surprise indeed. How 'bout "Work Less, Live More" by Bob Clyatt, and "...
by Nords
Fri Oct 02, 2009 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: Did college cost you full list price?
Replies: 105
Views: 14152

I don't know what Naval Academy Nords went to, but the one I graduated from provided four years of education and a small salary to boot. If memory serves, we got five dollars a month plebe year and twenty a month first class year. Parents were asked not to send additional money, although Care Packa...

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