The Nitty Gritty of Military Retirement with Doug Nordman

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  • Опубликовано: 30 сен 2024

Комментарии • 10

  • @khadijasajid457
    @khadijasajid457 9 месяцев назад +147

    I purchased my first home at the age of 21 for $87,000 and sold it for $197,000. My second home, acquired for $170,000, was later sold for $320,000, and my third property, purchased at $300,000, fetched $589,000, with buyers covering all closing costs and expenses. Not reaching a million before retirement feels like an unfulfilled goal.

    • @tahirisaid2693
      @tahirisaid2693 9 месяцев назад

      I'm exploring different investment opportunities and would appreciate others' insights on this matter.

    • @khadijasajid457
      @khadijasajid457 9 месяцев назад

      I initially started my investment journey with the guidance of a financial advisor named *Jenny Pamogas Canaya.* Her transparent approach granted me full control of my investments, and her fees are reasonable, considering my return on investment. Nonetheless, it's crucial to conduct thorough research before engaging with any financial advisor.

    • @khadijasajid457
      @khadijasajid457 9 месяцев назад

      Whichever firm you select, make sure you get your insurance from a reputable financial adviser, such as *Jenny Pamogas Canaya,* who has dedicated her career to financial planning. Because they will assist you in escalating, navigating better, and completing the task in a safer manner..|

  • @rics9438
    @rics9438 2 года назад +14

    checked out Doug's first book from the library after watching this video; however, was surprised that there is no mention of how VA disability compensation is factored into the plan. have also been unable to figure out why this is not discussed more in retirement planning -- maybe I'm missing something. VA comp is a tax-free benefit with a wide range of state benefits, and potentially worth more than a military pension in some cases.

    • @Catch_The_Irishman
      @Catch_The_Irishman 5 месяцев назад +1

      Mainly because it is not guaranteed income unless you are awarded 100% P&T or have become 55 years of age. Even then a clause exist where you can be re-evaluated and possibly lose or have a reduced VA dissability pension. Retirement pay on the other hand is guaranteed for the remainder of your life. Your point is fairly valid if you are above 55 or P&T (permanent and total). Could be the Doug has no VA pension so it never occurred to factor it in.

    • @ahwhite2022
      @ahwhite2022 Месяц назад

      @@Catch_The_Irishmanyeah, not sure planning for a disability payment is a strategy. He does mention it in passing as a benefit that may be available. I wouldn't be surprised if there were forums and such out there telling people what to go to sick call for and make sure your records say, in order to facilitate a subsequent VA claim, barracks lawyer style. I've seen some pretty slimy-feeling RUclips videos.

  • @bmcdonald7303
    @bmcdonald7303 Год назад +2

    Thank you for this information. I hope to retire at 20 years active which will be in 3 years.

  • @davidwegman9995
    @davidwegman9995 24 дня назад

    Thanks for the chat guys, aussie veteran here, great mindset advice

  • @AridiumInsane
    @AridiumInsane Год назад +1

    Thank you for your content!