[Nords note: My spouse and I are still on Mainland slow travel, and we'll head back to Oahu in mid-July. Maybe we'll see you at a military Space A passenger terminal!] We spent another Memorial Day weekend at the Rainbow Lodge in the bustling megalopolis of North Bend, WA. (Snarkasm! It's a lovely little town.) This was my … [Read more...] about Camp Mustache 4 Encore (And A Free Book!)
Are you ready to make your choice about the military's Blended Retirement System? Are you a leader who has to advise younger officers and enlisted how to decide between High Three and the BRS? Are you a veteran like me who's asked the question several times a week by their family (and their readers)? USAA can help with … [Read more...] about USAA’s Military Retirement Comparison Tool And The Blended Retirement System
This post is brought to you by Rich of RichOnMoney! If you're interested in contributing at The-Military-Guide.com, please see our posting guidelines. BLUF: In college I paid off $32k in student loans in a year. On a military salary I paid off a $280k mortgage in seven years. I've bought several rental properties with cash. I did this … [Read more...] about 3 Steps to Retire Early on a Military Salary
You’ve probably seen Will Ferrell in the movie “Old School”. If so, you probably remember the streaking scene. If not, you’ve certainly heard of crazed fans streaking across a sporting field completely naked and completely alone as they dodge security. This may seem like a strange analogy for financial independence / retiring early, but just hear … [Read more...] about Let’s Go Streaking – But Please No Nudity
(For those of you who follow the stock market's performance, the inspiration for this post came seven years ago: March 2009, the bottom of the Great Recession's markets. Back then I had no clue that someday I'd be blogging about it.) How Much is a Military Retirement Worth? The answer is more than just cash flow. Another way to ask the … [Read more...] about How Much Is A Military Retirement Worth? Over One Million Dollars – How to Calculate the Present Value of a Military Retirement Pension
A reader writes: Hi Nords, I have a few questions I'm hoping you can help me with. I trust your expertise in these matters. I am currently an E-8 with seven years to go until retirement. I am hoping I make it to 20 years active and can retire an E-9. I'll be 48 years old at that point and don't really want to work a "job-job" after that. My … [Read more...] about What’s The Next Step To Financial Independence?
When Are You Financially Independent? Financial independence comes from two factors-- having (1) enough assets to support (2) your expenses. Most of us would prefer to focus on the first factor. We'd like to get our assets by earning a high salary (ideally for very little work), being a brilliant investor, or inheriting a windfall. (Or "Plan D": … [Read more...] about How Many Years Does It Take To Become Financially Independent?
A few weeks ago, Darrow Kirkpatrick blogged about the cost of raising a family while you're saving for financial independence. Before I read his post, I had just finished emptying our 529 account with the final payment for our daughter's college room & board. This seems like a great opportunity to compare our parenting expenses to the national … [Read more...] about Financial Independence and The Cost of Raising a Family
We bloggers love to write about financial independence group projects: contests, roundups, movements, and anything else that will attract a crowd of readers. In the personal finance niche, Jeff Rose is the Energizer Bunny of blogger projects. We've already inspired readers to open a Roth IRA, to pay off debt, and to start investing now. Last month … [Read more...] about I’m A Boring Investment Competitor
A reader writes: "After seeing a couple of your posts on the Mr. Money Mustache forum I checked out your book from the library and finished it in a day. It was great but I would love your opinion on what to do in my own situation. My spouse is a junior officer. We married nearly six years ago with significant debt. This month we are debt free. Now … [Read more...] about Out Of Debt & Heading For Financial independence