[Ah, good, the DoD BRS calculator has been officially released.] A reader asks an outstanding question: Does it make sense to opt in to the military's new Blended Retirement System in 2018? One of our NCOs has a pessimistic view of the BRS, especially since they're over 12 years of service and don't see how the BRS will benefit them. In … [Read more...] about The Military Blended Retirement System: “Dude, Where’s My Calculator?”
Archives for 2017
My social media has lit up this year with complaints about vehicle insurance. It seems as if every military family who's transferred to a new duty station has paid more money to insure the same autos and the same drivers. Even families who haven't moved (yet) are unhappy when they renew their policies: more money for the same coverage. It's not … [Read more...] about Your Auto Insurance Premiums Are Rising, But It’s Not Just You
How to Choose Your Next Duty Station Choosing your next duty station or even creating a list of potential new homes is possibly the most stressful part of being a military member. For me, on the officer side, I know that I will move every 3-4 years like clockwork and that’s at a junior CGO level. This rate will likely increase towards the end of … [Read more...] about How To Turn Your Next PCS Into A 20% Raise
Sharks And Stripes 2: Camp Pendleton, CA, 13 June and live online. Do you need a little help with your business idea? Are you growing your revenue but not sure how to reinvest it for growth? Are you worried about financing or interested in talking with an investor? Rey Ybarra has worked with entrepreneurs for years, and he even … [Read more...] about Free Mentoring And Networking For Military Entrepreneurs
Are you ready to make your choice about the military's Blended Retirement System? Are you a leader who has to advise younger officers and enlisted how to decide between High Three and the BRS? Are you a veteran like me who's asked the question several times a week by their family (and their readers)? USAA can help with … [Read more...] about USAA’s Military Retirement Comparison Tool And The Blended Retirement System
This post is brought to you by Daniel Kopp, an Air Force officer and founder of MilitaryLifePlanning.com. If you're interested in contributing at The-Military-Guide.com, please see our posting guidelines. [Nords note: this post was updated on 4 March 2017 with a direct link to the DoD's PSMC website as well as a sample statement. Scroll down … [Read more...] about How Much Is Your Military Pay Really Worth?
Here's a quick note about an upcoming social-media campaign that's already ramping up across the nation (and at military bases around the world). 27 February-March 4th is the annual Military Saves Week. (It's part of the 11th annual nation-wide America Saves week, which started in some regions as early as 2001.) It's an awareness … [Read more...] about America Saves week is coming!
USAA is cutting the rates on their new life insurance policies. Let me explain why in less than 1800 2000 words-- but it’s all good. I’ve learned a lot about insurance over the last 30 years, and it’s a necessary evil. We buy it to help ourselves (and our families) recover from disasters, and we only keep it as long as we need it. Everyone … [Read more...] about Lower Life Insurance Premiums From USAA
(This post is brought to you by military veteran, entrepreneur, and startup founder Nick Bradfield. If you're interested in contributing at The-Military-Guide.com, please see our posting guidelines.) I’ve always been drawn towards challenges. One day after high school I woke up and decided to look for the biggest … [Read more...] about Marine to Veteran to Entrepreneur.
This post is brought to you by MilitaryFIRE.com. If you're interested in contributing at The-Military-Guide.com, please see our posting guidelines. A lot has been written about how to decide if the new Blended Retirement System (BRS) is better than the US military’s old retirement system. Most calculators, however are overly dependent … [Read more...] about Military Blended Retirement System Spreadsheet