Tricare for Life – Is It Really Free? Military retirees, including reserve retirees over age 60, are familiar with the retiree Tricare drill. And when you hear “Tricare for Life” you may assume Tricare as you know it continues to death, but free. Yes, and No When you reach age 65, whatever Tricare plan you […] The post Tricare for Life – Is It Really Free? appeared first on Military Financial Advisors Association ..read more

It seems like everywhere we turn, our news feed is filled with stories of credit card fraud, identity theft, and data breaches. This article outlines six cybersecurity steps for military families to create additional hurdles for cyber criminals who would try to access your personal information, bank accounts and credit history.   At work, cyber professionals […] The post Top 6 Cybersecurity Steps for Military Families appeared first on Military Financial Advisors Association ..read more

It’s just about tax time and almost nothing drives anxiety more than worrying if you might owe a lot at tax time.  Or, maybe you’re in the camp that looks forward to the big refund at tax time.  But then what if your refund isn’t as big as you’d hoped?  Have you reviewed your W-4 […] The post How to Tame Your Tax Dragon: Review Your W-4 appeared first on Military Financial Advisors Association ..read more

Quantifying the Benefits of Military Credit Card Rewards Hacking Military members and their spouses have amazing advantages in many aspects of personal finance. One of these areas where I believe they have an outsized advantage is with travel hacking annual fee waived credit cards. There are many varying degrees to which you can attack this […] The post Quantifying the Benefits of Military Credit Card Rewards Hacking appeared first on Military Financial Advisors Association ..read more

What Military Members Need to Know About the Future of Social Security If you’ve read the headlines, you’ve probably heard that Social Security is in financial trouble. In fact, Social Security posts a disclaimer on your statement, saying that  “by 2035, the payroll taxes collected … will be enough to pay only about 80% of […] The post What Military Members Need to Know About the Future of Social Security appeared first on Military Financial Advisors Association ..read more

As a financial planner, I focus on helping veterans transition into the corporate world following their military career. Veterans are often unfamiliar with the many types of compensation and benefits the corporate world offers.  An often confusing type of compensation in the private sector is “long-term incentives,” or LTIs.  Here’s what veterans need to know […] The post What Veterans Need to Know About Corporate LTIs appeared first on Military Financial Advisors Association ..read more

Life Insurance Decisions During Military Transition Introduction  Life insurance decisions during military transition are some of the most critical decisions. Most military members do not carry enough insurance. The majority have SGLI (Servicemember’s Group Life Insurance) which is $500,000 of term life insurance coverage. This coverage is inexpensive at $31 per month and comes out […] The post Life Insurance Decisions During Military Transition appeared first on Military Financial Advisors Association ..read more

Expanded Tax Credits for Energy Efficient Improvements in 2023 Tax credits for making energy efficient improvements to the taxpayer’s home have been around for a while, but they got a boost at the end of last year. The Inflation Reduction Act of 2022 increased both the dollar value of the tax credits and the types […] The post Expanded Tax Credits for Energy Efficient Improvements in 2023 appeared first on Military Financial Advisors Association ..read more

Navigating the many GI Bill For Guard and Reserve options I have been a member of the Air National Guard for almost 25 years at the time of writing this article. During that time, I have served as a Drill Status Guardsmen, a Title 32 Dual Status Federal Technician, and now as an Active Guard […] The post GI Bill for Guard and Reserve appeared first on Military Financial Advisors Association ..read more

State-Level Veterans Benefits  The US Department of Veterans Affairs has many benefits for military veterans. But did you know each state also has their own veterans affairs departments with additional benefits? Read on so you don’t miss out. Where to Start? State veterans affairs offices, also known as local veterans service offices, are government-run entities […] The post State-Level Veterans Benefits  appeared first on Military Financial Advisors Association ..read more