Military Finances 101: Inheritance and Estate Taxes. Do You Know the Difference?
What is the difference between inheritance and estate taxes? Many active and retired military officers aren't sure of the difference. They're similar, but not the same.
What is the difference between inheritance and estate taxes? Many active and retired military officers aren't sure of the difference. They're similar, but not the same.
Many retired senior military officers will be offered Restricted Stock Units (RSU). That's a good thing. But you need to understand them, because they're not simple.
While they’re both worth getting excited over, it’s important for military officers to understand the fundamental differences between tax credits and tax deductions.
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.
Military Officers may not be fearless, but they are used to dealing with things that can be pretty scary. They might just become a little fearful if a letter arrives from the IRS. Here are some things to do if you get one.
A Retired Military Officer who completed a successful second career is likely to have a fair bit of money in an IRA or 401(k). Required Minimum Distributions (RMDs) can actually cause problems if you don't understand them.
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