Monthly Archives: April 2016

SGLI After The Military: What Happens?

A common question that I’ve heard is, “What happens to my SGLI when I retire from the military?”

This is a very important question, and one that you should address when you’re looking to either retire or separate. Either way, there may be times where you decide Continue reading

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Invest in Flowers, Not Rims

So why is this important? Like I mentioned earlier, spending thousands of dollars on auto accessories means that money isn’t invested for the future. Most people would read this to mean investing in Thrift Savings Plan, your retirement accounts, or putting money towards your children’s’ college education—all worthwhile goals. However, I’ll define it in a slightly different manner by describing what the auto accessory store replaced—the flower shop. Continue reading

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Does Your Financial Plan Pass the Sleep Test?

Members of the Greatest Generation, my grandparents came of age during the Depression, a period marked by severe distrust of financial institutions and an extreme aversion to risk. After my grandfather died, my grandmother had to manage her finances for the rest of her life, 28 more years. The way she handled her money reflected her upbringing, her deep dislike of risk and her commitment to her goals. Continue reading

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What is the Fiduciary Standard and Why Do I Care?

What is a fiduciary, and what does this mean when I’m looking for a financial adviser?

You may or may not have heard about the debate with regards to the fiduciary standard, and the Department of Labor’s attempt to make changes to reflect today’s financial advisory landscape. This article will take you through a quick primer on the law that created the fiduciary standard, who the fiduciary standard applies to, and how the fiduciary standard compares to what you’ll see in the marketplace. In essence, we’ll discuss what the fiduciary standard SHOULD mean to you, as the consumer of financial advice, and what you should be looking for. Continue reading

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Term Life Insurance Vs. Survivor Benefit Plan (SBP)—A Side By Side Comparison

You might wonder why I wrote an article that seemed to advocate SBP, then followed it up with an article that seemed like SBP-bashing. I did so for two reasons. First, both articles seek to provoke critical thinking…I think I soundly met that objective. Second, putting those two articles side by side shows my true focus…when you’re looking at your decision to retire from the military, you need to make sure you address SBP properly. After all, if you make the wrong decision, you’re stuck with it. With that said, I got hit up on both sides of the debate. Continue reading

Posted in Insurance, Survivor Benefit Plan, Uncategorized | Tagged , , , , , | 21 Comments