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Top Posts & Pages
- Terminal Leave: Take it or Sell it Back?
- Military Pension Tax Rates By State
- Term Life Insurance Vs. Survivor Benefit Plan (SBP)—A Side By Side Comparison
- Roth Conversions: Why Timing Is Important (Part Two)
- Why You Should Strongly Consider Not Participating in the Survivor Benefit Plan
- 3 Tax Considerations When Selling Your Rental Property In The Military
- Take The 30 Day Financial Transition Challenge!
- What Will My Military Pension Look Like After Retirement?
- SGLI After The Military: What Happens?
- Transitional Compensation for Abused Dependents
Monthly Archives: February 2016
There are a lot of people who wonder what TSP’s Lifecycle Funds are, what they are supposed to do, and how they are supposed to invest in them. This article aims to answer some of these questions and provide a … Continue reading
Normally, I write all of my blog posts, based upon research that I’ve personally done. However, last week I received a letter from TSP’s Executive Director, Greg Long. It accompanied the year-end statement, and is normally the type of document most people throw away with junk mail. However, I actually read it. Moreover, I liked what I read, specifically the Myth/Answer section. In case you missed the letter (or threw it away, like I used to do), I’ve recapped the Myth/Answers below for your benefit. Keep in mind, this isn’t the entire letter, and I’m not sure where you could find a copy of it online. Continue reading
This article first appeared as a guest post on Ryan Guina’s Military Wallet. Why Thrift Savings Plan Has Enough Diversification A solid investment approach requires a balanced, well-diversified portfolio. Many people dislike the Thrift Savings Plan (TSP) because they feel … Continue reading
One of the things you should always keep in mind is to have a five year plan. This plan should consist of things you plan to do in the military, as well as post-military, education, financial, and family aspects. Continue reading
I wrote this article a couple of months ago, which you can find here. However, I’ve made some changes, because there are some things you should consider when buying a house in the military. The largest purchase most people will … Continue reading
This article is a follow up to my last one about your job risk mindset after your military career ends. If you haven’t read my first article, you might want to read it here before continuing on. In it, I … Continue reading
While I normally try to write to people looking to either retire or separate, this article is intended for people who plan to retire. However, there are some items of consideration for separating members as well. This article is the … Continue reading
In the military, there are many reasons for selling your home. You can sell for any of the following reasons: relocation buying a bigger home downsizing retirement/separation because it makes financial sense to do so Let’s take a look at … Continue reading
I was talking with Ryan Guina, from the Military Wallet and Cash Money Life, and asked him for advice on writing Military in Transition. He told me, “Forrest, you have a lot of detailed articles, but some folks need to know more about the basics of finance. You should write some posts on things like compounding interest, and other basic financial principles.” With that, Back to Basics was born (thanks Ryan!). Every once in a while, I will try to write an article that speaks to a basic concept in financial planning. So, with that said, below is my first piece on compounding interest (thanks again Ryan!) Continue reading