Weekend Wrap-up: Military Personal Finance Articles You Should Read (8/19-8/25)

I hope you enjoy this week’s version of the Weekend Wrap-up! Below are five of the top articles that I’ve read this week.  Most of this week’s articles are from our military financial blogger community. So, without further ado, here are this week’s articles: Continue reading

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10 Questions With Dan Sloat

Dan Sloat, Air Force veteran and promising law school studentThis week’s interview is with Dan Sloat, an Air Force captain turned law student.  After graduating from Indiana University, Dan got his commission in the Air Force as an air battle manager.  He spent 6 years managing air operations before deciding to focus his efforts towards law school at the University of Oklahoma.  I recently was able to catch up with Dan shortly after his honeymoon (busy man!).  Let’s see what Dan has to say! Continue reading

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How To Obtain Term Life Insurance After The Military

Trying to figure out how to obtain term life insurance? This article goes into detail about the insurance underwriting process so you'll have an easier time obtaining a term life insurance policy. If you're completely stuck, you can always talk with a fee-only financial planner, such as Westchase Financial Planning. A fee-only financial planner will help you obtain a term life insurance policy that meets your needs at the lowest cost.Previously, I’ve written articles comparing the Survivor Benefit Plan and the closest alternative, term life insurance.  This article isn’t going back to rehash that discussion, but rather answer the question of “How do I go about getting term life insurance?”  I just went through this process myself, and I plan to outline it step-by-step in this article.  Before I begin, I’d like to give you a little context. Continue reading

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Weekend Wrap-up: Military Personal Finance Articles You Should Read (8/12-8/18)

I hope you enjoy this week’s version of the Weekend Wrap-up! Below are five of the top articles that I’ve read this week.  Most of this week’s articles are from our military financial blogger community. So, without further ado, here are this week’s articles: Continue reading

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FAQ: What Happens to My Life Insurance When I Leave the Military?

A common question that I’ve heard is, “What happens to my life insurance (SGLI) when I leave the military?”

This is a very important question, and one that you should address when you’re looking to either retire or separate.  Continue reading

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FAQ: Which is Better, a 30 Year Mortgage or a 15 Year Mortgage?

One of the most common questions that I’ve been asked (and one of the most popular debates that I’ve seen), is the question about whether it’s better to have a 30 year mortgage or a 15 year mortgage.  There are several versions of this question, such as:

  • Should I pay down my mortgage early?
  • Can I put additional money towards my mortgage each month?
  • Is it better for me to prepay my mortgage?

However, today’s question is strictly as stated:

Which is better, a 30 year mortgage or a 15 year mortgage?

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Weekend Wrap-up: Military Personal Finance Articles You Should Read (8/5-8/11)

I hope you enjoy this week’s version of the Weekend Wrap-up! Below are five of the top articles that I’ve read this week.  Most of this week’s articles are from our military financial blogger community. So, without further ado, here are this week’s articles: Continue reading

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10 Questions With Justin Pearson

Justin Pearson

Justin Pearson, creator of Just In Success

Recently, I had the pleasure of talking with Justin Pearson, an Army master sergeant completing his 20 year career as a recruiter out of Waco, TX.  Justin is a former 82nd Airborne paratrooper, and has spent the past 10 years creating relationships with people to the Army’s benefit.  He’s parlayed that experience into his own company, Just In Success, which specializes in motivational speaking and helping others make the transition.  Let’s hear what Justin Pearson has to say! Continue reading

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7 Emotional Aspects About Updating Your Will in the Military

Recently, Forrest and I discussed updating our will as we look towards our transition. Basically, it’s a matter of making the time to go to the Legal Office at MacDill to actually do it.  It’s the same old story: Continue reading

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Weekend Wrap-up: Military Personal Finance Articles You Should Read (7/29-8/4)

I hope you enjoy this week’s version of the Weekend Wrap-up! Below are five of the top articles that I’ve read this week.  Most of this week’s articles are from our military financial blogger community. So, without further ado, here are this week’s articles:

  1.  Where Do Military Kids Get In-State Tuition?  If you’re raising children who are at or getting close to college age, you might want to pay attention to Kate Horrell’s article.  This article gives you some of the ins and outs on figuring out how your child can score in-state tuition rates.  Knowing this bit of information can save you tens of thousands of dollars.
  2. Reason 323 You Should Buy A Used Car  In Kate Horrell’s next post, she discusses another great reason to buy a used car, or to buy a car with a significant down payment.  After having just replaced my totaled vehicle myself, I found myself in a very similar position and bought a used car myself.  Read this article to learn more about this military-specific reason you should buy used.
  3. Financial Literacy Building Blocks For Kids  How do adults become financially literate?  Well, you can try to teach yourself and make mistakes along the way (like I did).  However, it’s much better to learn as a child then become an adult for whom financial literacy is second nature.  Read this article to learn more.
  4. VA Disability Claim Myths – 12 Facts You Need to Know About Filing a Disability Claim  Ryan Guina’s article outlines some of the issues and concerns that people mention regarding VA disability benefits.  Just remember, you lose nothing by filing a disability claim, but doing so could mean quite a lot.  If you have any doubts after reading this article, talk with a VA benefits counselor or a Veterans Service Organization (VSO) today!

Also, if you missed them, you can catch this week’s Military in Transition articles:

Back to Basics – 529 Plans  If you are trying to figure out how college works for your children, read this article to learn a little about 529 plans.  Combined with GI Bill benefits & in-state tuition, 529 plans can be a powerful way to invest in you children’s future!

Why Whole Life Insurance Doesn’t Make Sense For Most Military Families  For those of you who are looking to convert your SGLI benefits, a commercial permanent life insurance policy is an option that the VA will brief you on.  This article discusses whole life insurance, what it means, and why it’s probably not a good idea for military families looking to retire.

If there’s an article that I missed, please feel free to post a note in the comments section below.  Also, if there’s anything I can help you with, feel free to email me or join the Military In Transition Facebook Group!

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