|
03-01-2011, 01:15 AM
|
#1
|
Confused about dryer sheets
Join Date: Mar 2011
Location: Honolulu
Posts: 2
|
Aloha Army, Hello ER
Hi,
As of midnight tonight I will be officially retired after 21.5 years of active duty. I've enjoyed reading the posts here and have learned a lot from you all, especially Nords. My profile is posted below. Has anyone looked at the "income for life" model as a means of turning investments into cash flow?
Thanks,
Ponchai
Male
Honolulu
Hawaii
Occupation
LTC, USA (Ret)
Retirement Year
2011
Interests
Swimming, Outrigger Canoe Paddling, SUP, Hiking
Biography
Retired Army Aviator, ER'd at age 42.
U.S. Military Academy '91
UH-1, OH-58A/C, AH-64 Qualified
Pension will be about $40K/year in 2011 with a CPI COLA.
ER portfolio broken down by percentage of total: 12% Thrift Savings Plan L2030; 13% Target Date Fund Roth/Trad IRAs; 36% Vanguard Target Date Fund for long-term goals; 26% Vanguard Target Date Fund for mid-term goals; 8% CD to fund near-term goals, 5% Cash to fund short term travel and adventure.
Own a 2-bedroom condo near Diamond Head in Honolulu with 30 year 4.625% mortgage. Will rent it out while away on my travels. Plan to take a year off to hike part of the Appalachian Trail and learn to sail yachts in Sydney, Australia. May go to grad school overseas on my own dime, then return to Hawaii for more school using the GI Bill.
As a military retiree I pay about $240/year for TRICARE health insurance with very small copays.
Single and looking...Aloha!
|
|
|
|
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
03-01-2011, 04:04 AM
|
#2
|
Recycles dryer sheets
Join Date: Dec 2010
Posts: 230
|
Congratulations and enjoy!
__________________
|
|
|
03-01-2011, 04:33 AM
|
#3
|
Recycles dryer sheets
Join Date: Apr 2010
Location: Green Valley
Posts: 245
|
awesome and thank you for your service!
|
|
|
03-01-2011, 06:24 AM
|
#4
|
Thinks s/he gets paid by the post
Join Date: Feb 2006
Posts: 4,872
|
Congratulations....retired in HI.....I'm jealous. Retired at 42 with a COLA pension and those excellent medical benefits, that's a great deal. Will you continue to fly? I'm having Magnum PI flashbacks.
|
|
|
03-01-2011, 08:38 AM
|
#5
|
Moderator Emeritus
Join Date: Sep 2007
Posts: 17,773
|
Congratulations, thank you for your service, and enjoy the sweet future you've planned for!
__________________
“Would you like an adventure now, or would you like to have your tea first?” J.M. Barrie, Peter Pan
|
|
|
03-01-2011, 10:30 PM
|
#6
|
Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,856
|
E komo mai, Ponchai, and glad to be of help!
Man. I can't believe '91 is already retiring.
Sounds like you have some great ER plans. If you happen to jot down your AAR observations on surprises and lessons learned then it'd make a great contribution to the book's next edition-- and a bunch of guest-blogger posts.
So... what kind of SUP do you own and where do you surf? What paddling club are you with?
__________________
*
Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
|
|
|
03-02-2011, 05:37 AM
|
#7
|
Recycles dryer sheets
Join Date: Apr 2009
Posts: 93
|
Congrats on ER! Fellow Army Aviator and USMA grad here, hoping to be in a similar situation as you in a few years. Enjoy your well deserved retirement.
|
|
|
03-02-2011, 09:34 AM
|
#8
|
Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 2,610
|
Congrats and thanks for your service.
My resume is really close to yours except I departed with 22 years, flew different aircraft, and did the grad school on active duty.
Regardless, it's all good and that COLA'd pension will give you a world of flexibility in what you chose to do.
|
|
|
03-02-2011, 10:29 AM
|
#9
|
Thinks s/he gets paid by the post
Join Date: Feb 2006
Posts: 4,872
|
Quote:
Originally Posted by JPatrick
Congrats and thanks for your service.
My resume is really close to yours except I departed with 22 years, flew different aircraft, and did the grad school on active duty.
Regardless, it's all good and that COLA'd pension will give you a world of flexibility in what you chose to do.
|
I agree, the COLA'd pension is a great benefit and going to grad school is icing on the cake.
I'm 5 years away from ER. By then I'll have 15 years as a state employee and when I turn 55 I'll get a $25k a year pension and be able to continue the no deductible, low co-pay, state health insurance paying only $100 a month. Combine the pension with monthly rental income and my expenses are covered without me needing to take funds from my IRAs or SS. I wish I had that military education benefit though.
|
|
|
03-04-2011, 03:30 AM
|
#10
|
Confused about dryer sheets
Join Date: Mar 2011
Location: Honolulu
Posts: 2
|
Hi Nords,
I'd be happy to contribute anything I learn during this transition. I had an 11foot NSP SUP board that I usually put in at Kaimana, but I'm selling everything since I'll be traveling light for a few years until I return to Hawaii. Going to grad school next year in Thailand if the plans work out.
I paddle with Lokahi...black and white boats at the Diamond Head end of the Alawai Canal. Paddling was the best thing I did since coming to Hawaii. Made lots of great friends (mostly civilian) and got in great shape. I will pick it up again when I return.
|
|
|
03-08-2011, 09:21 AM
|
#11
|
Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,856
|
Thanks!
I don't know if you've already read the Kaderli's book, but grad school in Thailand sounds like a great time.
I still haven't made the time to fit SUP or paddling into my routine. The longer I'm ER'd the busier it gets...
__________________
*
Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
|
|
|
03-08-2011, 10:12 AM
|
#12
|
Moderator Emeritus
Join Date: Dec 2005
Posts: 10,125
|
Congratulations and enjoy
__________________
Angels danced on the day that you were born.
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Thread Tools |
|
Display Modes |
Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
Similar Threads
|
Thread |
Thread Starter |
Forum |
Replies |
Last Post |
No mo' aloha for you!
|
Nords |
Other topics |
14 |
07-25-2009 02:04 PM |
Aloha - Need advice. :)
|
Breitling |
Hi, I am... |
6 |
04-15-2007 02:14 PM |
Aloha
|
Eagle43 |
Life after FIRE |
5 |
04-28-2005 07:05 PM |
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|