Executive Summary Every year at tax time, you see pundits talk about ‘giving Uncle Sam an interest-free loan.’ While the concept of lowering tax withholdings is sound, there are several problems with its practice. In this article, we’ll discuss: The
I first wrote this personal finance article on AHRN. However, I wanted to make sure that everyone who subscribes to this blog has the opportunity to read it. You can find the original article here. Leaving the active duty military
This article is meant for everyone. If you’re a junior enlisted person or junior officer, please share this with a friend. If you’re a leader of junior troops, feel free to use this article as a set of talking points
One of the things you should always keep in mind is to have a five year plan. This plan should consist of things you plan to do in the military, as well as post-military, education, financial, and family aspects.
In the military, there are many reasons for selling your home. You can sell for any of the following reasons: relocation buying a bigger home downsizing retirement/separation because it makes financial sense to do so Let’s take a look at
I was talking with Ryan Guina, from the Military Wallet and Cash Money Life, and asked him for advice on writing Military in Transition. He told me, “Forrest, you have a lot of detailed articles, but some folks need to know more about the basics of finance. You should write some posts on things like compounding interest, and other basic financial principles.” With that, Back to Basics was born (thanks Ryan!). Every once in a while, I will try to write an article that speaks to a basic concept in financial planning. So, with that said, below is my first piece on compounding interest (thanks again Ryan!)
The Survivor Benefit Plan (SBP) is a fundamental part of post-military retirement planning, and there is a lot of information out there to educate people about it. Unfortunately, since it’s a congressionally-mandated program, this information isn’t readily available in a