![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() Nords
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Last Activity: 05-22-2013 05:56 PM
About Me
- About Nords
- Gender
- Male
- City/Town
- Oahu
- State
- Hawaii
- Occupation
- You must be kidding. ER is my avocation!
- Retirement Year
- 2002
- Interests
- Empty-nesting, surfing, home improvement, taekwondo, investing, reading, writing.
- Biography
- Author of "The Military Guide to Financial Independence and Retirement" with the help of over 50 of this board's veterans & families.
http://www.the-military-guide.com, and search Facebook for "The Military Guide to Financial Independence and Retirement" fan page.
All revenue goes to military charities; please e-mail me if you'd like to contribute your advice or sea stories.
Retired Navy submariner, ER'd at age 41.
Favorite ER books: Bob Clyatt's "Work Less, Live More", Kaderli's "Adventurer's Guide to ER", Bernstein's "Four Pillars", and Dimson & Marsh's "Triumph of the Optimists".
Favorite ER calculators: FIRECalc and FinancialEngines.com.
U.S. Naval Academy '82 & Naval Postgraduate School '89
USS JAMES MONROE (SSBN 622 BLUE) '84-86
USS NEW YORK CITY (SSN 696) '90-92 (Weapons officer)
I finished my 20 years at staffs & training commands.
More details at:
http://navy.togetherweserved.com/usn/index.jsp
Pension is $41K/year in 2013 with a CPI COLA.
Spouse has retired from the Navy Reserve and will collect her pension in 2022.
Our daughter's at Rice (Houston) in NROTC.
ER portfolio is three ETFs and one stock: ~23% each of Berkshire Hathaway, EFV, DVY, and IJS. The remaining 8% cash is two years' expenses for bear markets and volatility swings. We rebalance when the equities are outside the bands of 18-28%.
No bonds, no REITs, no commodities. Cash flow from a 34-year-old rental that we'll downsize to in 20-30 years. With COLA pensions & flexible expenses the rest of our ER portfolio can be way out on the risk/return curve.
~16% of our ER portfolio comes from our home mortgage, a 30-year fixed at 3.625%. It's invested in the small-cap value ETF.
Military retiree families pay ~$520/year for TRICARE health insurance with $12 copays.
I've been interviewed by the Kaderlis at:
http://www.retireearlylifestyle.com/douginterview.htm
and Fortune magazine at:
http://money.cnn.com/galleries/2007/fortune/0706/gallery.retire50.fortune/5.html
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The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
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