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 are this week’s articles:

  1.  Earning Both a Military Pension and a Civil Service Pension  This week, Doug Nordman discusses a recent Q&A from one of his readers regarding how to approach entering civil service with a military background.  Should I buy into the retirement system, or should I not?  How about with National Guard experience?  Read more in Doug’s article!
  2. Remove the Temptation In this post by Kate Horrell, she addresses some of the pitfalls of bad spending habits.  Her approach (mine as well), is to just not clutter your life with distractions that separate you from your money.  Learn more in her article.
  3. 6 Steps to Saving for a Bigger Car  Here, Jeff Rose breaks down six crucial steps that you can take to buy a new car.  If you’re looking at upgrading your car, this is a good place to start.
  4. Talk to Elderly Loved Ones About Their Estate Planning Quite frankly, if you don’t talk to your loved ones about their estate planning, you might find out that you’ve become their estate plan.  You’ll want to read this article and heed its advice before it’s too late.

Also, if you missed them, you can catch this week’s Military in Transition articles:

7 Emotional Aspects About Updating Your Will in the Military In Tania’s article-writing debut, she discusses some of the softer aspects of estate planning.  While we’re conditioned that updating a will is a mandatory item on our ‘to-do’ list, it’s natural to feel awkward about doing so.  Making a will isn’t a natural thing to do.  Read this article to learn more about some of the things you might encounter.

10 Questions With Justin Pearson  This week’s Ten Questions article is with Justin Pearson, an Army veteran who is making his transition after 20 years.  He’s hitting the deck running with his brand new company, so check out more in this interview!

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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