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Last Activity: Today 11:38 AM
About Me
- About Nords
- Gender
- Male
- City/Town
- Oahu
- State
- Hawaii
- Occupation
- You must be kidding. ER is my avocation!
- Retirement Year
- 2002
- Interests
- Parenting, surfing, home improvement, taekwondo, investing, reading, writing.
- Biography
- Here's my professional, personal, & financial info:
Retired Navy submariner. ER'd June 2002 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. FE is more detailed & conservative but lacks performance data on some ETFs.
U.S. Naval Academy '82 & Naval Postgraduate School '87-89
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 $39K/year in 2010 with a CPI COLA.
Spouse has retired from the Navy Reserve and will collect her pension in 2022.
Raising a teenager who starts college in Aug 2010 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.
No bonds, no REITs, no commodities. Cash flow from a 30-year-old rental that we'll downsize to in 20-40 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 5.375% that we refi'd in Feb 2009 to 4.5%. It's invested in the small-cap value ETF.
Military retiree families pay $460/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
I'm writing an ER manual-- "The Military Guide to Financial Independence and Retiring Early: FIRE!" Bob Clyatt and the Kaderlis have provided huge advice & support and the book cites the examples of over two dozen veterans & families.
I'll publish in some form by the end of the decade with profits going to military charities. Email me if you'd like to contribute your advice or sea stories.
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For more info see "About Me" in my profile.
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