Military Finances 101: Is It Financially Better to Buy a New or Used Vehicle?
If you're in the military, you're going to need transportation. If you chose to buy a car, should you buy a new one or used one? Here are some considerations.
If you're in the military, you're going to need transportation. If you chose to buy a car, should you buy a new one or used one? Here are some considerations.
Being a landlord is a common trait amongst active and retired Senior Military Officers and NCOs. The fear of depreciation recapture keeps many actively managing rental properties for longer than desired. Here is a different way to "get out" of the active rental business and defer taxes on depreciation.
The sale of a primary residence is not taxes. But what qualifies as a primary residence? It is important to know that the rules are different for military members than they are for civilians
Retired Senior Military Officers and NCOs are often in a "pretty good place" when it comes to their ultimate retirement. One way to move to a "really good place" is by using the mega backdoor Roth IRA conversion.
GameStop made headlines this week as users on the social media platform Reddit invested heavily in the shorted stock. Should an Active or Retired Senior Military Officer or NCO try to "play along"?
Many retired Senior Military Officers and NCO's have the capacity to make large contributions to charity and many do. And while tax considerations are probably not your driving motivation, it is worth looking to see if there is a way to maximize the tax benefit of large contributions.
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