Military Financial Advisors Association Blog
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The Military Financial Advisors Association is a nonprofit professional association of independent financial planning experts specializing in financial advice and planning services for military and veteran families. You can be sure to find the right financial advise to help answer questions about your financial life and feel confident about your future.
Military Financial Advisors Association Blog
1w ago
PCS Season: Organize Your Financial Life Whether you’re motivated by an upcoming PCS or it’s simply time for a little desk drawer cleaning, the occasional purge of unwanted household items can feel like a fresh start. When you’re done cleaning out the closets, remember that same sense of accomplishment can be had when it’s […]
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Military Financial Advisors Association Blog
3w ago
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 […]
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Military Financial Advisors Association Blog
1M ago
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 […]
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Military Financial Advisors Association Blog
1M ago
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 […]
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Military Financial Advisors Association Blog
2M ago
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 […]
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Military Financial Advisors Association Blog
3M ago
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 […]
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Military Financial Advisors Association Blog
3M ago
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 […]
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Military Financial Advisors Association Blog
4M ago
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 […]
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Military Financial Advisors Association Blog
5M ago
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 […]
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Military Financial Advisors Association Blog
5M ago
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 […]
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