On August 8, 2020, President Donald Trump issued a Memorandum to the Secretary of the Treasury with the subject of: Deferring Payroll Tax Obligations. This memorandum directed the Secretary of the Treasury to defer withholding Social Security payroll taxes from […]
How are you planning around a military retirement, pension, or social security?
Last week, I wrote about how Roth IRAs are the most powerful retirement accounts. If you’re in the military and saving in an IRA or TSP, or if you will get any pension during retirement (including social security), read this […]
Roth IRA – The Most Powerful Retirement Account
Traditional IRA, Roth IRA, Thrift Savings Plan (TSP), Roth TSP, 401(k), Roth 401(k), 403(b), and Roth 403(b) accounts are the main types of retirement accounts for those that are not self-employed. The different options can at times be confusing and […]
Do you have your priorities straight?
This sounds like a simple question, and it is, unless you dig deeper… There are two main areas in your life where you (and your loved ones) should always take precedence. No one else should have your health and the […]
What is a FICO Score and Why is it Important?
Applying for a loan. Applying for a credit card. Setting up utilities (electric, gas, water, etc.) for where you live. These are some of the events where a company uses your FICO score to help determine how risky a customer […]
Should You Hurry to Buy a House or Refinance with Mortgage Rates at Historic Lows?
Buy a house or not? Refinance your mortgage or not? Millions of American families are facing these questions right now. Right now, thanks in large part to the Federal Reserve, mortgage rates are at all-time lows AND will likely stay […]
Use This Travel Hack to Save Hundreds on Travel Accommodations
Lots of people like to travel, and as the growth and popularity of Airbnb has shown, travelers like to have more ‘home-like’ accommodations to make traveling easier (and more family friendly). While traveling with two kids, having a separate bedroom […]
Should Centenarians Influence Your Retirement Planning?
Even though life expectancy in the United States has been pretty consistent over the last few years, centenarians are the fastest growing age group in the United States. What’s a centenarian? A centenarian is a person who is over 100 […]
Planning: The Key to a Successful Military (or Any) Move
In my last post, I covered the allowances and reimbursements you are eligible for with a Permanent Change of Station (PCS) move in the military. Today, I’m going to cover some ways to not spend an extra $5,000 out of […]
Military PCS – Reimbursement & Allowances
As the restrictions for personnel transfers ease across the military, I wanted to write about Permanent Change of Station (PCS) moves for service members and their families. Recently, I read an article about excessive out-of-pocket expenses that service members and […]