I really wanted to use the titles "Hidden Secrets Of The BRS!!" or "Shocking Urban Legends Of The BRS Revealed-- #4 Is Jaw-dropping!!" But this is a serious life-changing decision. I've had a ton of reader BRS questions and feedback. The good news is that a group of us military personal-finance bloggers have tracked down the answers with the … [Read more...] about Tricky Details Of The Military Blended Retirement System
The 2018 Military Influencer Conference is back. It will be held 23-25 September in Orlando, FL, at the same resort as FinCon, the conference for financial media. FinCon is full of our people, but MIC is our tribe. You’ll meet over 400 attendees like you: whether you’re on active duty, or optimizing your Reserve & National Guard life, … [Read more...] about Military Influencer Conference 2018 – A Gathering of Like-Minded Veteran Entrepreneurs
[Note: this post has been updated for 2017 2018 2021 data. I plan to continue updating it every year or few.] A long while back, a reader wrote: "Hey, Nords, any chance you'll do a summary post about your FIRE history? I'm really interested to hear how your net worth and income have gone up." Life is good: my spouse and I recently pulled … [Read more...] about “Hey, Nords: How’s Your Net Worth?!?”
[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!)
[Ah, good, the DoD BRS calculator has been officially released.] A reader asks an outstanding question: Does it make sense to opt in to the military's new Blended Retirement System in 2018? One of our NCOs has a pessimistic view of the BRS, especially since they're over 12 years of service and don't see how the BRS will benefit them. In … [Read more...] about The Military Blended Retirement System: “Dude, Where’s My Calculator?”
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 Daniel Kopp, an Air Force officer and founder of MilitaryLifePlanning.com. If you're interested in contributing at The-Military-Guide.com, please see our posting guidelines. [Nords note: this post was updated on 4 March 2017 with a direct link to the DoD's PSMC website as well as a sample statement. Scroll down … [Read more...] about How Much Is Your Military Pay Really Worth?
Here's a quick note about an upcoming social-media campaign that's already ramping up across the nation (and at military bases around the world). 27 February-March 4th is the annual Military Saves Week. (It's part of the 11th annual nation-wide America Saves week, which started in some regions as early as 2001.) It's an awareness … [Read more...] about America Saves week is coming!
This post is brought to you by MilitaryFIRE.com. If you're interested in contributing at The-Military-Guide.com, please see our posting guidelines. A lot has been written about how to decide if the new Blended Retirement System (BRS) is better than the US military’s old retirement system. Most calculators, however are overly dependent … [Read more...] about Military Blended Retirement System Spreadsheet
(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