For a limited time, Spencer is offering one-on-one Military Money Coaching sessions! Get your personal military money and investing questions answered in a confidential coaching call. Military families can earn 1 million points without annual fees?!   You're not going to earn a lot of points from spending. You need to focus on earning welcome bonuses. We'll teach out how in the free Ultimate Military Credit Cards course.   Main points today: How to earn 1,000,000 credit card points without annual fees    1. Greatest bang for your buck comes from welcome bonus ..read more

An E-4 with over $50,000 in savings in one tour?!   Devin is an E-4 in the USMC who shares tips about military life, budgeting, and saving money on social media. He's done a superb job of transparently showing how a young, enlisted servicemember can cut costs and save for their future. He also challenges the mindset that you don't make enough to save anything and shares how he combats peer pressure and how his sidehustle income provided extra savings opportunities.   Plus, as a bonus, Devin allowed us to deep-dive into a discussion of why he chose the TSP lifecycle fund he is current ..read more

For a limited time, Spencer is offering one-on-one Military Money Coaching sessions! Get your personal military money and investing questions answered in a confidential coaching call. Highlights of this episode include: How to ensure spouse feels like they're contributing financially, even as a stay-at-home spouse Setting goals as a spouse Does a stay-at-home spouse need life insurance coverage?  Both spouses can contribute to their Roth IRA (if married filing jointly) How are you treating yourself financially? How to resolve differences in financial goals and communicate bette ..read more

Want help refining your strategy for military credit cards? For a limited time, Spencer is offering one-on-one Military Money Coaching sessions! Get your personal military money and investing questions answered in a confidential coaching call. American Express recently updated the requirements for earning a welcome bonus by adding family language restrictions to their cards. Learn all about what a "family" is and how to adjust your strategy for annual-fee waived cards for military servicemembers and their spouse! Our new TSP course is live! Check out the Confident TSP Investing course at milit ..read more

Spouse residency rules can sometimes feel very confusing. But today, Kate Horrell helps understand the rules and requirements regarding which state servicemembers and their spouses can use for tax filing purposes. We cover things like: What is the SCRA? What is the Military Spouse Residency Relief Act? What have the recent laws changed regarding military taxes? How does my home of record impact my state taxes? How do spouses actually have more protection in this area that the servicemember does? How does a servicemember's non-military pay get taxed? The Military Spouse Residency Relief Act ..read more

For a limited time, Spencer is offering one-on-one Military Money Coaching sessions! Get your personal military money and investing questions answered in a confidential coaching call. High-income, high net worth, or dual military couples, this episode was made for you!  While not all of our audience will directly relate to today's topics, we hope that it will at least give you things to think about, topics to become aware of, and ideas of what your wealthy future holds for you.   Tax planning, wealth protection, and investment fees are 3 areas that WILL move the needle for you and do ..read more

Roth limits? IRA limits? TSP limits? We get this question often: "How much can I contribute to my Roth each year?" There are several DIFFERENT limits at play here and lumping them all as "Roth" isn't quite correct. Public Service Announcement: Roth IRA is not the same as Roth TSP. You can contribute your maximum to your Roth IRA and still the maximum to your Roth TSP. Or you can do traditional. Bottom line- IRA and TSP limits are NOT the same. IRAs are not the same as employer-sponsored retirement accounts like a TSP or 401k. In 2024, that means up to $7,000 (per spouse if married filing joint ..read more

Want elite status with Hertz for free? Want to skip the line at the rental car counter? Want a free upgrade? Easy! As a military servicemember or spouse, you get top-tier credit cards with amazing benefits like this with no annual fee. Today we discuss: What is Hertz President's Circle? How do military servicemembers and spouses get this elite status for free? How do you maximize Hertz President's Circle benefit on your next TDY or vacation? Our new TSP course is live! Check out the Confident TSP Investing course at militarymoneymanual.com/tsp to learn all about the Thrift Savings ..read more

In this episode, Jamie transparently shows how he profited over $14,000 from his last PCS by doing a full PPM (Personally Procured Move). The government will pay you 100% of the amount they would pay a contractor to ship your HHG. It's not easy, but you can earn a lot of money with this strategy. We talk through the pros and cons of handling yourself, what a DITY/PPM means, exactly how the reimbursement works, and what it means to my taxes. Our new TSP course is live! Check out the Confident TSP Investing course at militarymoneymanual.com/tsp to learn all about the Thrift Savings Pla ..read more

The DoD now allows up to $500 for a CONUS move and up to $2,000 for an OCONUS move for one pet per household. This benefit begins for any PCS effective dates of 1 January 2024 or later. We discuss exceptions, mil-to-mil benefits, documentation requirements, and more! Our new TSP course is live! Check out the Confident TSP Investing course at militarymoneymanual.com/tsp to learn all about the Thrift Savings Plan and strategies for growing your wealth while in the military. Use promo code "podcast24" for $50 off. Plus, for every course sold, we'll donate one course to an E-4 or below ..read more