Worrying about estates tax is both a blessing and a curse and worrying about estate taxes is relatively rare amongst active and retired military members. That doesn't mean you should ignore them.
Social Security is an important part of funding retirement. Some military spouses can be subject to a reduced Social Security benefit. That can especially be the case for teachers and other state employees.
The GI Bill may cover college expenses for you child. But what if it doesn't? Planning ahead and using an education savings program, could set you up for success.
Your lifestyle as a military member can make it pretty tempting to become a landlord. Frequent PCS moves allow you to accumulate properties and turn them into rental properties. But before you go down this path, make sure you know what you're signing up for.
One way military members aren't different than their civilian counterparts is that many of us are, and all of us have, mothers. If you're a mother or have a mother you're keeping an eye on, here are some financial tips.
Having a military pension is a great benefit. But it's only one portion of your retirement income plan. You'll also be eligible for Social Security. But do you understand what you'll get?
A look at the history of estate taxes, how they have changed over time, and will continue to change in the future.
If Savings Bonds are used to pay for college expenses, the interest on them could be tax free. But as you progress through the ranks of the military or if you retire from the military and start a second career, you might earn your way out of the benefit.
Does a GRAT make sense for you? If you've accumulated significant wealth during or after your military career, it could. Check out this article to get an idea if they are right for you.
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