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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
- Are You Ready To Be A Landlord? Five Questions You Need to Answer
- Transitional Compensation for Abused Dependents
- 3 Tax Considerations When Selling Your Rental Property In The Military
- Why You Should Strongly Consider Not Participating in the Survivor Benefit Plan
- SGLI After The Military: What Happens?
- Take The 30 Day Financial Transition Challenge!
- How To Obtain Term Life Insurance After The Military
Author Archives: Forrest Baumhover
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
The financial planning landscape can be pretty confusing. Not only is it difficult to figure out who has your best interests in mind (as the debate over the fiduciary standard is pretty confusing), but it’s also difficult to figure out … Continue reading
I’ve written several articles about Roth conversions, particularly tax planning considerations & marginal tax rate impacts. This article serves as a case study to help visualize how a Roth conversion strategy could work, and how the tax liability can fluctuate … Continue reading