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Top Posts & Pages
- Military Pension Tax Rates By State
- Terminal Leave: Take it or Sell it Back?
- Term Life Insurance Vs. Survivor Benefit Plan (SBP)—A Side By Side Comparison
- Why You Should Strongly Consider Not Participating in the Survivor Benefit Plan
- Survivor Benefit Plan Resources: Everything You Need in One Blog Post
- Take The 30 Day Financial Transition Challenge!
- My Experience With the Post 9/11 GI Bill
- What Will My Military Pension Look Like After Retirement?
- 3 Tax Considerations When Selling Your Rental Property In The Military
- SGLI Conversion-Why VGLI Might Be Better Than Whole Life Insurance
Author Archives: Forrest Baumhover
When leaving the military, one of the most important considerations is where to live. Should we buy a house? Should we rent? When making a home purchase decision, you need to understand how complex your situation is. For example, staying … Continue reading
The military does a great job of assimilating this varied group of people into one common purpose. However, we all leave the military, for one reason or another. And that’s where there’s room for improvement. The military has a moral … Continue reading
In a previous Roth conversion article, we discussed the importance of timing when it comes to Roth conversions. There are other Roth benefits, such as not having to worry about required minimum distributions (RMDs), and being able to take out … Continue reading
This article was suggested to me by a long-time shipmate & colleague (thanks, Dave!). Over my life, I’ve refinanced several times using an IRRRL, when it made financial sense for me to do so. However, it wasn’t until I got … Continue reading
I remember the first time I received a financial plan. Actually, it was for my mother. It was a while ago, before I decided to become a financial planner myself, and is probably one of the reasons why I did … Continue reading
In a previous article, I wrote about the decision to either take terminal leave or sell it back. Basically, it boils down to the opportunity costs—what are you going to do with that terminal leave if you choose to take … Continue reading
For a lot of military households, tax preparation is simple, straightforward, and free. Every year, just collect the paperwork and head down to the VITA (Volunteer Income Tax Assistance) office, and the staff can help you do your taxes. Or, … Continue reading
Most military members should know about the free tax filing assistance programs that are available. These programs range from free access to tax software to working with volunteers who actually prepare tax returns. Many bases even continue this benefit for … Continue reading
As you transition from active service, life insurance is an important, yet overlooked aspect of your post-military financial planning. In a previous article, I discussed five considerations about your military life insurance needs. To build on those relevant points, this … Continue reading