Category Archives for Finances

5 Factors You Should Consider When Evaluating the Survivor Benefit Plan

The Survivor Benefit Plan (SBP) is one one of the most debated topics for transitioning service members. It is a form of life insurance that provides cost of living adjusted income, to eligible dependents of retirees who elect to participate in the program. While most of us feel as if we’ll live forever, the fact […]

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Do You Really Need Dental Insurance?

    When you’re on active duty, dental insurance seems essential. After all, most of us grew up visiting the dentist every six months. Lots of us spent quality time with the orthodontist. Frankly, many of us grew up eating a diet high in sugar and simple carbohydrates while perhaps not brushing or flossing often […]

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The Next “Military Guide” Book

  Some of you know that I write a lot: creating blog posts, drafting the next book, answering reader questions, e-mailing other writers, and posting to Internet forums. I can type over 100 words per minute, and I’ve done it for at least an hour a day over the last 20 years. I’m also financially […]

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What Happens After Your VA Disability Claim Has Been Approved

    The Veterans Administration approved my “fully developed” disability claim– in less than three months of processing. This post stands by itself, but I’m going to skip the beginning of the story. If you want to read the earlier posts in this series then you can click on these links to learn why you […]

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Using USAA’s Financial Readiness Score

  It’s been eight months since USAA launched their Financial Readiness Score service, and I took the opportunity for a followup interview. Susan Owens, the ‎AVP for Enterprise Advice Implementation, dug up the statistics and shared the insights that USAA will gradually roll into the new versions of the program. USAA has over 10 million […]

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Reduce the cost of insuring your teen driver with USAA

    Way back in 2008, our daughter reached the age of 15.5 and took the test to earn her learner’s permit. She was pretty excited about this modern rite of passage. I was pretty excited about how much our insurance premiums would jump for the next few years. This was before my blogger relationship […]

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“How Do I Plan Our Finances For The Rest Of Our Lives?”

    I’ve heard from a reader a couple times over the last few years. Here’s their latest question: Hi Doug, I’d like to find a financial planner and see what course correction(s) we have to make based on our current finances. I will be officially retiring in five years but will supplement my military […]

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Memorial Day – Free Burgers, Pizza And More For Military

Memorial Day is this Monday, May 30, and in honor of the men and women who gave their lives for our country, many businesses are offering free meals, and discounts to current and former Military. Hooters, McCalisters, MOD Pizza, and 7-Eleven are among the many national chains celebrating Memorial Day 2016, with freebies and discounts. While […]

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Beware Of Huge Flaws In The Military Blended Retirement System

History still repeats itself, but we’re still not learning from it. The existing military retirement system has been in place since the end of the last millennium, when REDUX ended and the High Three pension was signed into law. The REDUX system was modified to offer a lump-sum Career Status Bonus of $30K in exchange […]

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What’s The Next Step To Financial Independence?

A reader writes: Hi Nords, I have a few questions I’m hoping you can help me with. I trust your expertise in these matters. I am currently an E-8 with seven years to go until retirement. I am hoping I make it to 20 years active and can retire an E-9. I’ll be 48 years […]

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