personal finance
End-of-the-Month Personal Finance Articles Summary
Here are all the personal finance articles I’ve written in the last month for your reading pleasure:
2018 Maximum Conforming Loan Limits for VA Home Loans
A Bunch of Blended Retirement System Blog Posts
Blended Retirement System 2018 Continuation Pay Rates
DoD Releases 2018 Basic Allowance for Housing Rates
DoD Releases 2018 CONUS COLA Rates
Homes.mil – A DoD Website to Find or Advertise Rental Properties
The Investment Company Price War (a military specific version that discusses the TSP is here)
The Military’s New Blended Retirement System
Military Dollar’s Step-by-Step Instructions to Opt-In to the Blended Retirement System
Military Relevant Aspects of The Tax Cuts and Jobs Act
NY Times – Military Is Overhauling Its Retirement Systems
The #1 Easiest Way to Get Rich in the Military – Take the Leap and Just Stay In
My Guest Post About the Blended Retirement System on the White Coat Investor
Here’s a link to my guest post on the White Coat Investor about the new Blended Retirement System:
Doximity Physician Compensation Report
I recently came across the Doximity 2017 Physician Compensation Report, which you might find interesting. We all get out of the Navy, it is just a question of when.
End-of-the-Month Personal Finance Summary
Here are my personal finance articles and blog posts from October for those that like to read them:
8th Step to Financial Security – Save for Future College Expenses
CFPB Post on Tips for Service Members with Student Debt
It’s Easy to Get Rich in the Military
New Retirement System’s Retention Bonus Will Be Lowest Allowed by Law
Things I Learned from The Military Guide about the Blended Retirement System
PoF Blog Post – Financial Implications of Leaving a Military Medicine Position
One of my readers pointed me to this blog post on Physician on Fire, which many of you will find interesting:
Financial Implications of Leaving a Military Medicine Position
If you’d like my own thoughts on the value of a military pension, you can read them here:
BRS and HPSP Students & New End-of-the Month Personal Finance Summary
We’re all starting to get pinged about the mandatory Blended Retirement System (BRS) training. While I’ve created a BRS resource center on the other blog I write for, the specific case of how BRS works for medical students was recently run to ground by Dr. Jami Peterson, the Head of Student Programs at BUMED. Straight from her, the BLUF is:
Any HPSP student who signed their contract BEFORE 01 JAN 2018 will have thirty days after signing into their FIRST active duty station to declare if they want to do the legacy retirement system OR the blended retirement system. For any students who start AFTER 01 JAN 2018 will automatically be placed in the blended retirement.
I’m also going to start providing an end-of-the-month summary of the personal finance articles I’ve written. Here they are:
2018 Thrift Savings Plan (TSP) Contribution Limits Announced
Invest in Stock and Bond Index Funds or ETFs
Make an Intelligent Rent vs Buy Real Estate Decision
Saving and Investing for Military Personnel by the SEC
Three Things Every Young Medical Student and Physician Needs to Know – Part 1
Three Things Every Young Medical Student and Physician Needs to Know – Part 2
The Investment Company Price War and the Thrift Savings Plan
The three largest investment firms have been lowering the cost of their index mutual funds and exchanged traded funds (ETFs) in a price war. How does this price war and the resulting costs compare to the Thrift Savings Plan, which has also had historically low costs on their investments? Read more here:
The Investment Company Price War and the Thrift Savings Plan
What You Need To Know About The Thrift Savings Plan (TSP)
There is a great post on the Thrift Savings Plan (TSP) over at WhiteCoatInvestor.com that you should check out:
Reader Poll – Continue Financial Posts or Not?
As I announced here, I am now blogging for another site focused on personal finance for people in the military called MilitaryMillions.com. For example, here is a Blended Retirement System (BRS) Resource Center I created over there.
My plan was to transition all financial content to that new site because duplicating it in two different places is tedious and it is easy to follow the financial blog if you want that content. I’m curious, though, what MCCareer.org readers want.
For example, yesterday I found another PDF of frequently asked questions on the BRS. I ask you, the readers of MCCareer.org, what you would have wanted me to do with that PDF. Use the poll below so I get an idea of what you guys want:
Personal Finance Content and New Blog – MilitaryMillions.com
Personal finance is one of my favorite hobbies, so a lot of the content I post on MCCareer.org has been about personal finance. Some of you like it, and some of you don’t. If you like it, please nominate MCCareer.org for the 8th Annual Plutus Awards.
Because some of you don’t like the personal finance content, I’ve decided to split it off and am now contributing to a new personal finance blog called MilitaryMillions.com. If you want to continue receiving the personal finance content, please go to MilitaryMillions.com and follow via e-mail, Facebook, or Twitter.
Joel Schofer's Career Planning Blog 