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Top Posts & Pages
- Military Pension Tax Rates By State
- Terminal Leave: Take it or Sell it Back?
- 5 Factors You Should Consider When Evaluating the Survivor Benefit Plan
- Term Life Insurance Vs. Survivor Benefit Plan (SBP)—A Side By Side Comparison
- Employee Benefits For Transitioning Personnel-Employee Stock Options
- Why You Should Strongly Consider Not Participating in the Survivor Benefit Plan
- 3 Tax Considerations When Selling Your Rental Property In The Military
- Transitional Compensation for Abused Dependents
- SGLI Conversion-Why VGLI Might Be Better Than Whole Life Insurance
- What Will My Military Pension Look Like After Retirement?
Author Archives: Forrest Baumhover
There are many employer benefits that just aren’t available to servicemembers. Before separating from service, it’s important to understand what types of benefits exist, and what impact they may have on our personal finances. This article focuses on employee stock … Continue reading
While the gossip of the moment is about the fiduciary standard, it’s important to realize that people can fall victim to bad financial advice, even from a fiduciary. Most fee-only financial planners are registered as investment advisers. Every registered investment … Continue reading
My mother isn’t what you would call a financial planner. She isn’t even really that savvy when it comes to money. In fact, a few years ago, she asked me to help her manage her finances. When I looked at … Continue reading
College affordability is a hot topic. Community colleges can provide a cost effective way to obtain a college diploma from a public university. Many states allow community college attendees to transfer credits within their public university system. Not only that, … Continue reading
This is the second of a two-part article, designed to outline why SGLI isn’t enough life insurance for most military families. Part one discussed SGLI coverage on the servicemember. This article discusses the reason why Familymember SGLI (FSGLI) is usually … Continue reading
Most people know that SGLI is the cheapest life insurance available. At $28.00/month for $400,000 in coverage (or about 7 cents/month for every $1,000 in coverage)—by far. Unfortunately, this creates two problems: SGLI’s pricing leads people into thinking that all … Continue reading
Recently, I sat down with someone who asked me whether she should take the military’s Blended Retirement System (BRS). As most people know, the BRS is the military’s attempt to slowly move away from a defined benefit pension to a … Continue reading
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