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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
- 3 Tax Considerations When Selling Your Rental Property In The Military
- SGLI Conversion-Why VGLI Might Be Better Than Whole Life Insurance
- SGLI After The Military: What Happens?
- What Will My Military Pension Look Like After Retirement?
- FAQ: What Happens to My Life Insurance When I Leave the Military?
- Dangers of Taking Out a TSP Loan
Category Archives: Military Transition
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 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