Monthly Archives: February 2016

TSP’s Lifecycle Funds: What You Need To Know

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

Posted in Retirement Planning, Thrift Savings Plan | Tagged , , , | 7 Comments

Why the Thrift Savings Plan Has Plenty of Diversification for Any Investor

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

Posted in Retirement Planning, Thrift Savings Plan | Tagged , , , , , , , , | 5 Comments

Five Year Plan-Why It’s Important For Every Military Family To Have One

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

Posted in Military Transition | Tagged , , , , | 4 Comments

Three Rules of Thumb for Buying a House (in the Military)

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

Posted in Real Estate | Leave a comment

Job Risk Mindset After Retirement – How to Mitigate Your Cash Flow Risk

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

Posted in Military Transition | Tagged , , , , | 2 Comments

Job Risk Mindset After Retirement – What to Consider When Starting Your Second Career

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

Posted in Military Transition | Tagged , , , , , | 4 Comments

5 Tax Considerations When Selling Your Home in the Military

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

Posted in Real Estate, Taxes | Tagged , , , , | 6 Comments

Back to Basics – Compounding Interest

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

Posted in Back to Basics | Tagged , , , , , , | 6 Comments