Search found 107 matches

by Nords
Tue Apr 25, 2017 5:10 pm
Forum: Local Chapters and Bogleheads Community
Topic: Hawaii Bogleheads, where are you?
Replies: 25
Views: 2310

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: 25
Views: 2310

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: 2036

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: 25
Views: 2310

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: 25
Views: 2310

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: 25
Views: 2310

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: 53
Views: 7599

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: 566

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: 1139

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: 595

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: 595

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: 440

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: 1130

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: 1383

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: 748

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: 1130

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: 1338

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: 390

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: 575

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: 2896

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: 2896

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: 2896

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: 1268

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: 53
Views: 7599

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: 6691

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: 4329

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: 2341

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: 2341

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: 2341

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: 3161

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: 5012

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: 5012

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: 5012

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: 6230

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: 6230

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: 6230

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: 5012

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: 1126

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: 86
Views: 10712

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: 86
Views: 10712

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: 86
Views: 10712

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: 681

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: 380

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: 116
Views: 15697

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: 116
Views: 15697

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: 116
Views: 15697

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: 125
Views: 48497

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: 125
Views: 48497

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: 125
Views: 48497

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: 125
Views: 48497

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...

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