[This post is brought to you by military veteran David McCauley. If you're interested in contributing at The-Military-Guide.com, please see our posting guidelines.] In the Fall of 2010, my Navy career was finally blooming. My promotion was in the pipeline, I had received new orders, and had managed to save up a modest nest egg. I enjoyed my job … [Read more...] about Surviving An Involuntary Separation
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This post is brought to you by John, a fellow submarine veteran who used his military skills to make a successful transition to a similar career in the federal civil service. (If you're interested in contributing at The-Military-Guide.com, please see our posting guidelines. John noticed my submarine commentary at the MrMoneyMustache … [Read more...] about Making The Transition: Federal Civil Service
Army veteran James Hinton is back with another great post-- this time it's practical advice on handling your education after the military! (If you're interested in contributing at The-Military-Guide.com, please see our posting guidelines.) When I left the military owing to disability I found myself in a bit of a fix. Though I had my army … [Read more...] about Education And The Disabled Veteran
This post is brought to you by Army veteran James Hinton. (If you're interested in contributing at The-Military-Guide.com, please see our posting guidelines.) In early 2007 things were looking pretty good. I had just redeployed back to Ft. Hood after my third combat tour. I was an E-6 who had just become eligible for my E-7 and was just waiting … [Read more...] about Preparing For The Unexpected
Starting in January 2015, active-duty servicemembers can no longer take out allotments to buy or rent "personal property": vehicles, furniture, electronics, appliances or recreational gear. If you have an existing allotment in place before 1 January, then that allotment will continue until you stop it. The new rule only applies to active-duty … [Read more...] about Do You Really Need An Allotment?
A reader asks about the post how much life insurance is necessary: I just thought of a follow-up question to this article because it really got me thinking about getting rid of our SGLI coverage. What kind of benefits will a spouse or family receive if an active duty member dies? I found this report about survivor benefits: It states that the … [Read more...] about “Do I Really Need Servicemembers Group Life Insurance?”
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?
Let's talk about contingency financial planning. I don't mean life insurance or a medical crisis-- I mean how you'll maintain your financial independence when a leg of your retirement stool is kicked out from under you. Notice that sentence is "when", not "if". I generally ignore the news on military legislation until it's been signed into law. … [Read more...] about Congress Cuts Military Pensions
A Helpful Guide to Better Understanding the Benefits Application Procedure The United States Department of Veterans Affairs estimates that one in five former soldiers suffer from combat-related Post-Traumatic Stress Disorder. A wide variety of benefits are available for those diagnosed with the condition, however, the claims process itself can … [Read more...] about How Do Veterans File a PTSD Claim?
I get several e-mails or "Contact me" questions every day about how to handle service in the National Guard and Reserve. Most of them I can answer on my own, and they're good questions that deserve to be discussed in their own posts. Occasionally I'm stumped by a question and I hope that you readers have seen a similar situation. Retirement now or … [Read more...] about Options For National Guard And Reserve Retirement