Military Guide

Tag Archives for " annuity "

“Do I Need An Annuity?”

A reader writes: How do you see the utility of annuities for folks of age 55+ who are financially independent? Especially if you’re genetically and physically healthy, that seems a winner if we’re talking about spending a few hundred thousand dollars to generate a baseline firewall of income. Especially I guess for folks less comfortable […]

Continue reading

USAA: seven money rules to break

A few weeks ago USAA article posted an article on when to break the “money rules”. Here’s the summary, with my comments in italics: 1. Pay off debt and build an emergency fund before saving for retirement … … except when your debt is of the low-rate, tax-reducing variety, such as a mortgage or student […]

Continue reading

TSP withdrawal options

So you’ve been in the military for a few years and you’ve been dutifully putting part of your paycheck into the Thrift Savings Plan. (If you haven’t been contributing to the TSP then go read this post and get hot.) Maybe you’re even maxing out your contributions.  But if you’re like me, you’ve been so […]

Continue reading

Back to the Trinity Study

Today’s post will be a sensuous reading experience that only a financial planner or an economist could love. If you’re just getting started on your own finances then you probably want to skip this post (!) in favor of reading the “Armed Forces Guide to Personal Financial Planning”, or “The Military Advantage”, or another book […]

Continue reading

“Present value” estimate of a military pension

(For those of you who follow the stock market’s performance, the inspiration for this post came two years ago: March 2009, the bottom of the Great Recession’s markets. Back then I had no clue that someday I’d be blogging about it.) How much is a military pension worth? The answer is more than just cash […]

Continue reading

During retirement: take small financial steps (part 2 of 2)

  The first post of this series talked about small financial steps to take during the first few months of retirement.  We’ll close by considering how to handle your tax-deferred investments in the Thrift Savings Plan and what other adjustments you may want to make to your investments. When you leave the military, whether by […]

Continue reading