A lot of financial "pundits" are talking about converting funds in Traditional IRAs to Roth IRAs. This can be a good idea. But there are 4 things active and retired Senior Military Officers and NCOs should consider first.
If you're a retired or retiring military officer headed for a Civil Service second career and a Service Academy graduate, there is a unique "quirk" in the FERS retirement program you'll want to know about.
The good news is you have a military pension to help fund your retirement. But you might also be investing in your company's 401(k) to fund your desired lifestyle in your ultimate retirement. What happens to your 401(k) if the company is sold?
RSU meant one thing when I was in pilot training. It means something else if you hear about it at your civilian job. An RSU is one of several different types of equity compensation, that you might encounter.
After you retire from the military and start your second career, there is a pretty good chance your employer will offer a 401(k). There is also a decent chance that you could have company stock inside that 401(k). If you do, you'll want to understand NUA.
Non-Qualified Stock Options are a form of equity compensation. If your career after the military involves the tech industry or start-ups, you could end up with this type of compensation. You can make a fair bit of money with them, but you can also end up with an interesting tax scenario as well.
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