[Welcome new readers! If you're coming here from the USAA Magazine article or the Yahoo Finance video, you may want to learn more about "The Military Guide" and your financial independence at the "Start Here!" page. That link opens a new tab in your browser, so you can keep reading this post without losing your place.] All right, all right, … [Read more...] about Blogging Lessons Learned From Interviews (Plus A Great Benefit)
Archives for 2014
A reader writes: Hey Nords! Hope all is well. Update: I got denied for TERA and promptly got an assignment (my first choice) 24 hours later, so I can't complain too much. Question for you if you don’t mind. I’ve got SGLI and a $100K policy on my wife as well. I’ve generally steered clear of life insurance. What’s your opinion on the topic? … [Read more...] about How Much Life Insurance Do You Need?
1% Pay Raise Coming In 2015 Earlier this year the President and the Senate Armed Services Committee published the National Defense Authorization Act (NDAA) of 2015. The latest version of the NDAA contains a 1% pay raise for the military, which will be the standard raise until 2018. The 2015 Military Pay Chart goes into effect on 1 January 2015, … [Read more...] about The 2015 Military Pay Chart
Update: USAA's Auto Buying Service is now powered by TrueCar. Introducing The USAA Car Buying Service. USAA's Auto Circle List Your Car Additional Features of USAA's Auto Circle One of the most critical steps you can take toward financial independence is minimizing the cost of the big purchases -- like homes and vehicles. Buying … [Read more...] about USAA Auto Circle: An Online Service To Help Buy Or Sell A Car
[Update: USAA has sold its investment business to Victory Capital and Schwab in 2019, with the deal being completed in May, 2020.] USAA's investment services will soon get even better: they're adding a new brokerage platform and expanding their product line. The company's core business is property and casualty insurance, but over the decades … [Read more...] about Coming Soon: New USAA Brokerage Services
[Nords note: I've known Ben for nearly a decade. He achieved financial independence on active duty and retired a few years ago. He was confident in his financial planning (it's better than mine!) and he was pretty sure that he'd find plenty of things to do all day. However, he wanted to see what he could do in a civilian bridge career, and he … [Read more...] about Reader Update: From The Military To Bridge Career To Retirement
Have you had the financial independence talk with your parents? (No, I don't mean the one about college costs and student loans, or the one about helping out with your down payment on your first house.) I'm talking about the one where you hope they'll talk about their health and tell you how to manage their finances. The advice is in … [Read more...] about The Pitfalls of Your Parents’ Finances
Here's a great Twitter question from a servicemember: So how big should an emergency fund be for anyone in the military? I understand the concern. The conventional advice is to keep at least six month's expenses saved in an account that you can tap at a moment's notice, and invested in liquid assets that won't be hurt by stock-market … [Read more...] about Do Military Members Need An Emergency Fund?
Yes, you can start a Roth IRA for your child, even if they’re a baby! All they need is earned income— but the definition of earned income is tricky. Here’s how to navigate that minefield. A reader writes: I think you mentioned before that you set up an IRA for your daughter. How did you account for wages and a W-2? Did she work for you or … [Read more...] about Start a Roth IRA For Your Kid
I've carried a military ID card since 1978. I'm financially independent. You would expect that I'd understand my benefits by now, but a few months ago I was nearly dis-enrolled from Tricare for not paying my premiums. To make matters even worse, I managed to thoroughly screw up our college daughter's Tricare benefits. I'll explain how this … [Read more...] about How To Get Kicked Out Of Tricare