   Nords
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Last Activity: 12-02-2023 11:26 AM
About Me
- About Nords
- Gender
- Male
- City/Town
- Oahu
- State
- Hawaii
- Occupation
- You must be kidding. FI is my avocation!
- Retirement Year
- 2002
- Interests
- Grandparenting, 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 forum's veterans & families.
https://MilitaryFinancialIndependence.com, and search Facebook for "The Military Guide to Financial Independence and Retirement" fan page.
Co-author (with my daughter Carol Pittner) of "Raising Your Money-Savvy Family For Next Generation Financial Independence."
All my writing revenue goes to military charities; please e-mail me if you'd like to contribute your advice or sea stories.
FI & retired Navy submariner at age 41.
Favorite FI 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 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:
https://navy.togetherweserved.com/usn/index.jsp
My pension is $49K/year in 2022 with a CPI COLA.
My spouse retired from the Navy Reserve and started her pension in 2022.
Our daughter served active-duty tours on a Rota guided-missile destroyer and a Norfolk aircraft carrier. She completed her time in the Navy Reserve in May 2022. She's also married to a Navy servicemember who's continuing his active-duty career for another tour or two.
Our portfolio is ~98% equities (because pension) in a total stock market index fund (VTI). For the first decade, we used to keep 8% cash as two years' expenses for bear markets and sequence-of-returns risk. We no longer rebalance.
No bonds, no REITs, no commodities. Cash flow from a 40-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.
~12% of our ER portfolio comes from our home mortgage, a 30-year fixed at 3.50%. We'll pay it off in 2047, my 87th birthday.
Military retiree families pay ~$540/year for TRICARE health insurance with $20 copays.
Much more info here:
https://MilitaryFinancialIndependence.com/for-the-media/
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Signature
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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.
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