Weekend Wrap-up: Military Personal Finance Articles You Should Read (11/11-11/17)

I hope you enjoy this version of the Weekend Wrap-up! Below are some of the top articles that I’ve read this week, most of which hail from our military financial blogger community. So, without further ado, here are this week’s articles:

  1. Blended Retirement System: The New Military Plan  In this update, Spencer discusses some of the new information that has come out over the past several months regarding BRS.  BRS rolls out in 2018, and there is a lot of information that will be coming out.  You’d do well to bookmark Spencer’s page & stay tuned for updates!
  2. What to do When Your Car is a Mistake  In this Paycheck Chronicles post, Kate Horrell discusses some of the things that you might consider if you have buyer’s remorse over your new car purchase.  Should you stick with it?  Should you cut bait?  The answer depends on your circumstances.
  3. On Your Holiday Menu: Talk to Your Parents About Money  This article isn’t for teenagers nagging their parents for an extra $50 to go to the movies.  This is about what happens when people have to deal with unexpected estate planning concerns while maintaining their own family.  This holiday season, you’d do well to follow JJ Montanaro’s advice and have a candid conversation with your parents about their plans.
  4. Think Before Changing Investments Because of an Election  Election fatigue?  You better believe it, especially in the aftermath of the most divisive campaign since Aaron Burr shot Alexander Hamilton.  I selected this article because one of the most common concerns that financial planners hear from their clients has to do with the impact of elections on their finances.  History has proven that a consistent, disciplined investing approach can weather even the most severe political turbulence.  Don’t stray from the tried and true based upon election results.

Also, in case you missed it, check out What Military Landlords Should Know About Section 1250 Depreciation.  This article could be useful for people trying to figure out their tax liability when selling their military rental.  Of course, you may want to consult with a tax professional or fee-only financial planner if you need professional advice.

If there’s an article that I missed, please feel free to post a note in the comments section below.  Also, if there’s anything I can help you with, feel free to email me or join the Military In Transition Facebook Group!

About Forrest Baumhover

Forrest Baumhover is a Certified Financial Planner™ and tax professional. His firm, Westchase Financial Planning, focuses on the unique financial planning needs of servicemembers and families looking to separate or retire from active duty.If you’d like to learn more about Forrest or his services, please check out the About Forrest page at the top of this article.
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One Response to Weekend Wrap-up: Military Personal Finance Articles You Should Read (11/11-11/17)

  1. I was trying to forget about the holiday money conversations LOL. Thanks for planting that seed. Again!

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