Choosefi | Financial Independence Podcast For The Stealth Wealth Community
296 | Transition Planning from a Military Career on the Path to FI |Doug Nordman
- Autor: Vários
- Narrador: Vários
- Editor: Podcast
- Duración: 1:41:41
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Sinopsis
We are circling back to check in with our Households of FI families. First up are Matt and Megan, our international, dual military couple. Having a military pension is like having multiple lottery tickets. You have both healthcare and an inflation-fighting pension, but how many of these lottery tickets do you need to really crush this game? Naval service is Doug Nordman's family business. In addition to his own 20 years of service in the Navy, his wife almost had 20 years of active duty service in the Navy before finishing her career in the Reserves. And then their daughter joined the Navy on an ROTC scholarship and married a Naval Officer. While dual-military couples are a small demographic that hasn't been extensively studied, Doug says even if they earn just one pension, they will likely have more money than they need for the rest of their lives just because of the pension and healthcare. Matt says the US military pension system is much more simple than for the UK's Royal Navy. He and Megan are working t