Military Family – Spouses & Dependents
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Start a Roth IRA For Your Kid
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Start a Roth IRA For Your Kid

Now that the 2013 tax planning is over, let's talk about 2014. A reader asks: 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 earn income from someone else? I've set up a Roth IRA for our teen for work done around the house, but ...

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How I Cost My Dad Over $2000 in Medicare Benefits
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How I Cost My Dad Over $2000 in Medicare Benefits

It's been a few months since I posted about Dad. He's still happy and healthy in the care facility, and he's a little deeper into mid-stage Alzheimer's. (In his mind, he's consulting on-site about their electrical engineering needs-- just as he did in his career for nearly 30 years. He says he's happy that they ...

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Protecting Your Military Benefits In A Divorce
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Protecting Your Military Benefits In A Divorce

A reader writes: "In my divorce decree I was awarded part of my husband's Reserve "disposable military retirement pay". My portion is 50% of the time for which we were married, and only for the Reserve points that he earned during our marriage. But the problem is not only figuring out how much I'll get in dollars ...

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Divorce And A Military Reserve Pension
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Divorce And A Military Reserve Pension

A reader writes: My husband was commissioned after ROTC in August 1966, placed on an educational deferment, and did not start active duty until February 1968. How many retirement points did he earn over that period and where is a regulation that addresses this? After some more questions, I learned: The time from ...

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I Tried 23andMe Genetic Testing & Here’s My Review
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I Tried 23andMe Genetic Testing & Here’s My Review

Very long post today (3000 words) but you have the time to read it-- and it's worth reading. Especially if you're interested in genetic testing. Here's my 23andMe Genetic Testing Reviews. A genetics researcher and director of the National Institutes of Health once said: "Genetics loads the gun and environment ...

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Interview: What’s Wrong With Long-term Care Insurance?
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Interview: What’s Wrong With Long-term Care Insurance?

A few weeks ago I received an e-mail from a representative of the nonprofit organization LIFE: "As more and more Baby Boomers enter their retirement years, there are new financial concerns they need to consider as they plan the rest of their lives. One that’s often overlooked is long-term care. Nearly 70% of ...

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Geriatric Financial Management Update
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Geriatric Financial Management Update

Along with FINCON12 I've visited my Dad and worked on his finances.  I'll talk about how he's doing now and then I'll review the latest financial lessons. Alzheimer's is relentless. Dad's mid-stage symptoms are worse and his brain is losing control of his emotions. He has trouble remembering faces and aphasia is ...

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Forensic Geriatric Finances
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Forensic Geriatric Finances

Today's post revisits the subject of caring for the financial independence of your loved ones. There's nothing here about military retirement, but I'm very glad that our aggressive savings and low-cost lifestyle have enabled us to retire from military service without a bridge career. As all too many of us Baby Boomers ...

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USAA’s savings goals and 529 plan calculators
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USAA’s savings goals and 529 plan calculators

    USAA has offered their "savings goals" calculator since January, but they've recently expanded it for students & parents. They've released a very detailed education savings planning tool that greatly simplifies the data crunching and the fund selection. The Education Savings Planner is part of ...

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529 college savings for military families
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529 college savings for military families

    Thanks to Brandi for her comments on an earlier post, and her question: My favorite part of the book was all of the personal stories. I can understand how the math works – I’ve calculated all of my future pay raises, estimated rate of savings, and projected retirement benefits to figure out how much I ...

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Starting your kid’s Roth IRA
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Starting your kid’s Roth IRA

Source: goodfinancialcents.com via Jeff on Pinterest   Earlier this month, noted CFP & military veteran Jeff Rose was running a financial seminar with a roomful of college students. These seniors are graduating in a couple of months to (hopefully) earn the big bucks for their retirement accounts. He ...

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