Search found 119 matches

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: 3113

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: 1731

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: 2132

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: 2132

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...
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: 2132

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: 10197

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: 1883

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 ...
by Nords
Sun May 21, 2017 12:28 am
Forum: Investing - Help with Personal Investments
Topic: Maximizing Deployment
Replies: 7
Views: 809

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: 809

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: 707

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. m Keep in mind that your personal rate of inflation is completely different than the nat...
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: 28796

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 1...
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: 2108

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: 3095

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: 3095

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: 2235

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: 3095

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: 3095

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: 3095

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: 10197

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 ret...
by Nords
Sat Apr 01, 2017 4:13 pm
Forum: Investing - Help with Personal Investments
Topic: Investment Advice and book suggestions
Replies: 7
Views: 670

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: 1262

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: 774

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: 774

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: 554

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: 1266

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: 1615

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: 837

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: 1266

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: 1634

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: 548

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...
by Nords
Sat Feb 18, 2017 10:47 pm
Forum: Investing - Help with Personal Investments
Topic: Expecting first child portfolio review request
Replies: 4
Views: 659

Re: Expecting first child portfolio review request

3. Since the majority of my money is in a taxable account how do I get my bond holding up? It is generally bad to hold bonds in a taxable account right? One option to boost your asset allocation to bonds would be to move your TSP assets to the F or G funds. However you have a military paycheck, and...
by Nords
Fri Jan 20, 2017 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: USAA Dividend Distribution
Replies: 28
Views: 3215

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: 3215

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: 3215

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: 1417

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: 61
Views: 10197

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: 7203

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: 5075

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: 2516

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: 2516

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: 2516

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: 3400

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: 5575

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: 5575

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: 5575

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. m Thanks. That's a great DoD Actuary report distributed annua...
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: 6829

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: 6829

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: 6829

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: 5575

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: 1230

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 ...