One of the blessings and curses of military service is moving around. That often means we're not near Mom and Dad as aging issues start to set in. It is quite possible that Mom (or Dad) could or did miss a Required Minimum Distribution (RMD). If he or she does, you need to move out to fix it. Here is how.
You’ve likely heard that getting married can mean big tax breaks in your future. This can especially true if the military spouse is a resident of a no income tax state. Beyond that, the truth is you need to do your math and research carefully before filing.
Whether to participate or not in a 529 plan is a less clear decision for an active or retired Military Officer or Senior NCO. You'll want to account for Veteran's Benefits and your state income tax situation as a start.
Many retired military officers want to contribute to a Roth IRA while working. The problem is that often their income is too high to contribute to a Roth. There is a work around, but if you have a Traditional IRA or if you roll TSP to an IRA, it doesn't work like you may think.
If you have employer stock in your 401(k) you have options on how you take it out. A lot of defense contractors do offer company stock in a 401(k). If you're a retired military officer that has company stock in your 401(k), you need to understand Net Unrealized Appreciation.
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