personal finance
End-of-the-Month Personal Finance Summary
We started two new features on the financial blog. The first is a Critical Action you can review every Saturday. After a year, you’ll have your act together! Here they are:
The second is a Sunday AAR (After Action Report) that points you to some other good articles on the web. Here they are:
Here are all of the other articles:
- Another Way to Build Wealth – Use a Veterans Entrepreneur Program
- How to Get Hundreds or Thousands of Dollars Back from American Express
- Lessons to Learn from the Recent 10% Stock Market Decline
- Military Death Benefits – Beyond SGLI
- My Guest Post on Humble Dollar – The $121,500 Guestroom (this has been posted on MCCareer.org before)
- Recent Changes in the Thrift Savings Plan
- Simple Steps I Take to Protect My Credit and Identity
- Why are the TSP Investment Expenses So Low?
End-of-the-Month Financial Post Summary
Here is the summary of my financial writings this month:
Another Simple Way to Get Rich in the Military – Become a Super Saver
Blended Retirement System Opt-In Period Now Open
Federal Student Loan Benefits for Military Members
File Taxes for Free with MilTax
How to Easily Figure Out the Dollar Value of Staying In vs Getting Out of the Military
Opting into the Blended Retirement System Video
The Blended Retirement System Lump Sum – Probably Not a Good Idea
The Easiest Way to Figure Out Your Optimal TSP Investment Plan
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:
Joel Schofer's Career Planning Blog 