Today is the first day of FinCon14, and it's also the launch of a free eBook on successful retirees! "The Retiree Next Door" is based on a survey of over 500 financially independent people who volunteered their advice. (Disclosure: I'm one of them.) You're going to learn good news about what works. You'll read how we saved, invested, and … [Read more...] about Survey Results For “The Retiree Next Door”
Archives for 2014
A reader writes: "Hey Doug! Just read the advice you posted about blogging for money and I am left with a question. What kinda number can I expect to pay out to get someone to do all the leg work for me in terms of setting it up. I am computer illiterate for the most part and it's not something that can change. Trust me I have tried. I love … [Read more...] about How to Start Your Blog — Or Outsource It!
A new military retiree asked a very good question on a financial independence forum: I am going through a big life transition where I'm taking about a 60% cut in pay. Fortunately, it is a military pension and my monthly budget is lower than what I will get paid. I feel that I’m set for my transition and I can take my time finding a job. Things … [Read more...] about Eight Reasons Not To Worry About Military Retirement
I write about military financial independence, but I'm getting a lot of e-mail about navigating the drawdown and starting a bridge career. I'm also hearing from Reserve and National Guard servicemembers about balancing their military careers with their civilian employers. Veterans (and military spouses) know that their transition to a civilian … [Read more...] about Hiring Our Heroes: Teaching Employers To Hire Military Veterans And Spouses
A reader asks: I did five years of active duty and over 15 years in the Reserves. I just turned 60 years old and am now getting a military pension. My question is regarding Tricare. I just retired from my civilian employer and they do not offer any health insurance. I plan on using Tricare Standard for my only health insurance. Is Tricare … [Read more...] about Is Tricare Standard good enough?
[January 2015 update: this inequity has been resolved. The Army O-3s affected by the 2014 Officer Separation Board will remain eligible for officer pensions instead of reverting to an enlisted pension. This happened because people spoke up and drew attention to the problem. If you have a similar issue, let us know how we can help.] [December … [Read more...] about LEAKED: Statistics From The Army Officer Separation Board
A reader writes: How do you see the utility of annuities for folks of age 55+ who are financially independent? Especially if you're genetically and physically healthy, that seems a winner if we're talking about spending a few hundred thousand dollars to generate a baseline firewall of income. Especially I guess for folks less comfortable with " … [Read more...] about “Do I Need An Annuity?”
[January 2015 update: this inequity has been resolved. The Army O-3s affected by the 2014 Officer Separation Board will remain eligible for officer pensions instead of reverting to an enlisted pension. This happened because people spoke up and drew attention to the problem. If you have a similar issue, let us know how we can help.] A reader … [Read more...] about Ask The Readers: What Law Allows An Officer To Be Retired On Enlisted Pay?
A reader writes: "Hey there, I’m reading your book and got a little frustrated, so I thought I’d send you an email. I’m on page 35 (and haven’t read further). Just so you know, I’m on track to financial independence and I've read all the typical blogs, MrMoneyMustache.com, Bogleheads Forum, etc… Well, you quote the Trinity Study, 25x net blah blah … [Read more...] about Funding The Gap: “I Need Money From My TSP!”
. A reader asks: "What is your recommendation between early retirement from active duty or a Reserve retirement? I qualify for the Temporary Early Retirement Authority if I get passed over for promotion to major. I have about a total of 16 years of active duty (10 Army commissioned, six enlisted) and about 14 enlisted Reserve years from the … [Read more...] about TERA Early Military Retirement Or A Reserve Retirement?