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- 3 Ways to Make the Most of Your Terminal Leave
- 3 Reasons To Consider Hiring a Tax Professional
- 5 Tax Tips That You Can Find in the Armed Forces Tax Guide (IRS Publication 3)
- 5 Life Insurance Considerations for Your Military Transition
- Five Little-Known Services Your Financial Planner Should Be Offering
Top Posts & Pages
- Terminal Leave: Take it or Sell it Back?
- Military Pension Tax Rates By State
- Term Life Insurance Vs. Survivor Benefit Plan (SBP)—A Side By Side Comparison
- 3 Tax Considerations When Selling Your Rental Property In The Military
- Why You Should Strongly Consider Not Participating in the Survivor Benefit Plan
- Take The 30 Day Financial Transition Challenge!
- What Will My Military Pension Look Like After Retirement?
- Retirement Journal – 400 Days & Counting Down
- About Forrest
- Transitional Compensation for Abused Dependents
Category Archives: Military Transition
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
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
I recently received a question regarding the taxation transitional compensation for abused dependents. In researching my answer, I noticed that there is a lot of information on the subject. However, most of this information seems to be in the form … Continue reading
As servicemembers exit the military, one of the biggest challenges we face is finding post-military employment that is commensurate with what we bring to the table. Many times, I’ve heard the story of someone who works hard, networks well, and … Continue reading
As my financial planning practice grows, I’ve noticed that people are asking me how to become a financial planner. The other day, I answered an email from someone asking how to become a financial planner. It was at that point … Continue reading
Taxes can be a major consideration in your military transition planning. As I outlined in a previous military pension article, your take-home pay can be up to 40% less than what you see on paper. Federal taxes are obviously a … Continue reading
There are several websites with plenty of information on which states tax military pensions, and which ones don’t. However, when you’re making your post-military decision, taxes on military pensions are only one part of the tax equation. It’s also important … Continue reading
According to the VA Department, SGLI ends when you leave the military, unless you qualify for a disability extension. Although you’ll no longer have your SGLI, there are two ways to continue your $400,000 coverage. If done within a certain … Continue reading
There are a lot of websites that list military benefits or programs by state. However, I could not find a single webpage that included links to each state government’s military or veteran websites, so I decided this would be a … Continue reading
Welcome to Day Thirty of the “30 Day Financial Transition Challenge.” Today’s article focuses on Transition GPS (formerly known as TAP). Bottom Line Up Front (BLUF) Transition GPS is a mandatory part of military out-processing. If properly utilized, Transition GPS … Continue reading