Category Archives: Uncategorized

Weekend Wrap-up: Military Personal Finance Articles You Should Read (8/5-8/11)

I hope you enjoy this week’s version of the Weekend Wrap-up! Below are five of the top articles that I’ve read this week.  Most of this week’s articles are from our military financial blogger community. So, without further ado, here … Continue reading

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Weekend Wrap-up: Military Personal Finance Articles You Should Read (6/17-6/23)

Enjoy this week’s version of the Weekend Wrap-up! Below are five of the top articles that I’ve read this week.  All of this week’s articles are from our military financial blogger community. So, without further ado, here are this week’s … Continue reading

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Weekend Wrap-up: Military Personal Finance Articles You Should Read (5/27-6/2)

Enjoy this week’s version of the Weekend Wrap-up. Below are five of the top articles that I’ve read this week. Some articles are military-specific financial planning articles, while others are meant for a general audience. So, without further ado, here … Continue reading

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Back to Basics – Defined Benefit vs. Defined Contribution Pension

Introduction As the military transitions into a new pension system, it’s important to take a step back and look at the concept behind this move.  This article will not go into specific details on the new vs. old plan, but … Continue reading

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Retirement Journal (1 Year and Counting)

So, today is Monday, May 2.  As of yesterday, I officially have one year until my planned retirement ceremony.  With that said, I wanted to update you on two significant events since my last retirement journal entry. So, I went … Continue reading

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Ten Questions With Spencer Baker

A couple of weeks ago, I asked the Military In Transition Facebook Group whether it would be worthwhile to read articles based upon other peoples’ experiences. It seemed that the overwhelming response was in line with my thinking. After talking with a lot of people about their retirement story, I realized that each conversation gave me a little bit of perspective about my own story. This inspired me to start an article series to share the stories of some of the people I’ve talked with. I hope that reading these stories puts a little bit of perspective into your life as you write your own transition story. Continue reading

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Term Life Insurance Vs. Survivor Benefit Plan (SBP)—A Side By Side Comparison

You might wonder why I wrote an article that seemed to advocate SBP, then followed it up with an article that seemed like SBP-bashing. I did so for two reasons. First, both articles seek to provoke critical thinking…I think I soundly met that objective. Second, putting those two articles side by side shows my true focus…when you’re looking at your decision to retire from the military, you need to make sure you address SBP properly. After all, if you make the wrong decision, you’re stuck with it. With that said, I got hit up on both sides of the debate. Continue reading

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Back to Basics – Emergency Fund: How Much Money Should I Have?

When dealing with money, the most important question is: “How much money do I need to deal with unexpected emergencies?” If you can honestly answer this question and put this amount of money aside to address issues that come up, then the rest of your money should be put to work in low cost, tax-advantaged investments that will grow over time. Continue reading

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Amended Returns: Does the IRS Owe You Money?

According to the IRS, 5 million people were expected to file amended tax returns for 2014, out of 131 million original filings. For 2015, the IRS expects over 150 million individual returns, which means even more amended returns can be expected. Continue reading

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Retirement Journal – January 2016

This is the second in my series of retirement journal blog posts.  In case you missed my first article, you can read it here.  Although this post isn’t an update on my personal situation, I wanted to cover something that … Continue reading

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