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Old 06-07-2014, 08:29 AM   #21
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Originally Posted by JSP1 View Post
Thanks again. I'll try to provide an update once I make a decision. I need to pick out some funds.
Start with your asset allocation: Bogleheads
and then pick passive index funds with low expense ratios.

As for that comment about hard assets, you're going to have an O-5 military pension with an annual cost-of-living adjustment indexed to the CPI. That's one of the nation's best inflation hedges. The pension (and your primary residence plus possibly a rental property) will be all the inflation hedging you need.

Since your pension is the equivalent of a portfolio of I bonds, you can also see whether you feel comfortable with more of your assets invested in equities. Here are more thoughts on that idea:
Asset allocation considerations for a military pension

Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on "The Military Guide to Financial Independence and Retirement."

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Old 06-07-2014, 11:22 AM   #22
Confused about dryer sheets
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Happy to hear you made the otherside

I am privileged to work with people such as yourself and the strategies you employed are fantastic. I celebrate your accomplishment....

But lets be honest (not directed at you but all), the amount of cash being pumped into the stock market by the fed is a dangerous game. Like the laws of gravity it never ends well and its not a matter of if but when. Hard assets like real estate and commodities are their own insurance policy for the when.
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Old 06-07-2014, 01:33 PM   #23
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I was not aware that the Federal Reserve Bank was buying stocks.
Living an analog life in the Digital Age.
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Old 06-07-2014, 01:57 PM   #24
Confused about dryer sheets
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They are not buying stock, they are buying debt.
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Old 06-10-2014, 05:58 PM   #25
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I had the same ideas and dreams you had. Instead of getting in the rat race, I found a state job in Texas that I enjoy. I make less then climbing some corporate ladder but I love my job investigating incidents in my area of expertise. I retired as O4 with 23 years, prior enlisted. I am already 7 years from my state pension. Between military retirement, state retirement , IRAs, and eventfully soc security I will be in great shape. Why a state job? Up to 15 holidays a year, 12 sick days, and up to 15 days of vacation. I get awarded more time off. I control my work schedule, sometimes working 10 hr days, I just adjust the week at go home early on Friday. They don't want us to work over 40 hrs a week, sweet. This is a cake walk compared to being on a submarine. The key is finding a job you are passionate about. I take plenty of time off for vacations, long weekends, etc. Good luck on your decison. I am looking forward to the next phase of more travel.
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