Retired military officers may be offered non-qualified stock options as part of their total compensation package. These plans are very complicated and taxation is more than a little confusing. Make sure you understand them if you're offered the opportunity to participate in this type of plan.
It is important to be able to get your money when you need it. We call the ability to do that liquidity and the lack of liquidity or liquidity risk. It is something military officers should evaluate when looking at investment options.
With the advent of the Blended Retirement System, investment performance will have a greater effect on a Junior Officer's long-term financial health than it used to. To get a good start check out these six books.
Active and retired military officers are a lot like the rest of Americans. We might just make a few New Year's resolutions. Here are some financial resolutions you might want to consider. They can help move you along your path to financial independence.
Over a career many military officers accumulate at least one rental property. The sale of that property can generate a pretty big tax bill. By using a 1031 exchange you can defer the tax bill on the sale. But make sure you work with a financial planner or tax advisor that understands the unique military tax benefits available to you.
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