In the year you retire from the military you have to be especially careful about your TSP contributions and contributions to civilian retirement plans. Contribute too much to TSP and you could miss out on matching. Exceed the annual limits and you're looking at double taxation.
Managing your finances is important to your military career. Get in trouble with your money and you could be talking to your commander, or you might even put your security clearance at risk. Here are 4 things you should know and do.
If you retired from the military and have a VA Disability rating, the Strickland Decision and IRR 78-161 could apply to you. But, it doesn't apply in all cases. Here is what you need to know.
The will your JAG did for you 15 years ago was probably o.k. But now that you're retired you might want to take a look at updating your estate plan. But what is in an estate plan?
At some point in our life most of us will need to help out our parents. It is likely to occur after you retire from the military. There are several benefits available to you in the form of tax benefits, VA Disability Compensation and maybe Tricare benefits.
Do you know what dollar-cost averaging is? You may already be doing it and not know it. Here is a primer.
Most of us think our time at a service academy doesn't get us much other than an education. But if you work for the Federal Government after retiring from the military, it could be worth more.
Sometimes life after the military doesn't go exactly as planned and you may want or need to get to funds in your retirement accounts before age 59 1/2. Is there a way to do that without paying penalties?
TSP is an excellent investment option for active-duty military members. It's a fine place for retired military officers and NCO, to let funds grow. Changes are coming to TSP investment options. Are they good, bad or ugly?
Disclaimer
Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by C.L. Sheldon & Company, LLC ), or any non-investment related content, made reference to directly or indirectly in this blog will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions. C.L. Sheldon & Company, LLC does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to C.L. Sheldon & Company, LLC website or incorporated herein, and C.L. Sheldon & Company, LLC takes no responsibility therefore. All such information is provided solely for convenience, educational, and informational purposes only and all users thereof should be guided accordingly. Moreover, you should not assume that any discussion or information contained in this blog serves as the receipt of, or as a substitute for, personalized investment advice from C.L. Sheldon & Company, LLC . To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. C.L. Sheldon & Company, LLC is neither a law firm nor a certified public accounting firm and no portion of the blog content should be construed as legal or accounting advice. A copy of the C.L. Sheldon & Company, LLC ’s current written disclosure statement discussing our advisory services and fees is available for review upon request. DISCLAIMER OF TAX ADVICE: Any discussion contained herein cannot be considered to be tax advice. Actual tax advice would require a detailed and careful analysis of the facts and applicable law, which we expect would be time consuming and costly. We have not made and have not been asked to make that type of analysis in connection with any advice given in this blog post. As a result, we are required to advise you that any Federal tax advice rendered in this blog is not intended or written to be used and cannot be used for the purpose of avoiding penalties that may be imposed by the IRS. In the event you would like us to perform the type of analysis that is necessary for us to provide an opinion, that does not require the above disclaimer, as always, please feel free to contact us.