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Top Posts & Pages
- Military Pension Tax Rates By State
- Terminal Leave: Take it or Sell it Back?
- Why You Should Strongly Consider Not Participating in the Survivor Benefit Plan
- 3 Tax Considerations When Selling Your Rental Property In The Military
- SGLI Conversion-Why VGLI Might Be Better Than Whole Life Insurance
- Term Life Insurance Vs. Survivor Benefit Plan (SBP)—A Side By Side Comparison
- Take The 30 Day Financial Transition Challenge!
- FAQ: What Happens to My Life Insurance When I Leave the Military?
- What Will My Military Pension Look Like After Retirement?
- Six Steps to Hire a Military-Focused Financial Planner
Author Archives: Forrest Baumhover
Term Life Insurance or Survivor Benefit Plan? Recently, I received the following question: My husband is now facing retirement. He will retire as an E7 with 26 years of service. We have decided to go the term life route. However, … Continue reading
Recently, Michael Kitces published an article titled, “Why Paying Yourself 5% Interest On A 401(k) Loan Is A Bad Investment.” My first thought was, “If it’s a bad idea for a 401(k) loan, it must be even worse for Thrift … Continue reading
In the military, we face this decision more than most folks. We buy a house because we intend to stay in it for a while. We hope that we can hold it long enough to actually have prices rise over … Continue reading
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