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.
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.
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?
Of late, Congress seems to like to tinker with retirement plans. The Omnibus passed in December of 2022 includes what was called "SECURE 2.0" and there are some changes to retirement plans worth noting.
If you're an Active-Duty Senior Military Officer or NCO if you don't pay attention to your contributions to retirement plans in the year you retire, you could find yourself in a bad spot.
Having a military pension is a huge advantage as you enter your second retirement. That doesn't mean you can ignore longevity risk.
There has been more than a little confusion surrounding RMDs for inherited IRAs post SECURE Act. The IRS recently provided some guidance and relief.
Tricare for Life is a pretty good deal. But you have to take action to get it and...you'll pay for it. How much will Tricare for Life cost you?
Your military pension and VA disability may allow you to start your ultimate retirement early. But if you're thinking about working a little and claiming Social Security, make sure you understand the rules.
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