The Strickland Decision (and IRR 78-161) and You
If you retired from the military and have a VA Disability rating, the Strickland Decision and IRR 78-161 could apply to you. But, it doesn't apply in all cases. Here is what you need to know.
If you retired from the military and have a VA Disability rating, the Strickland Decision and IRR 78-161 could apply to you. But, it doesn't apply in all cases. Here is what you need to know.
At some point in our life most of us will need to help out our parents. It is likely to occur after you retire from the military. There are several benefits available to you in the form of tax benefits, VA Disability Compensation and maybe Tricare benefits.
Sometimes life after the military doesn't go exactly as planned and you may want or need to get to funds in your retirement accounts before age 59 1/2. Is there a way to do that without paying penalties?
If you're a retired Senior Military Officer or NCO and in your second career, you might be paying a lot in taxes. First World problem. But there is no reason to ignore trying to reduce them.
It's pretty typical for Active-Duty Military members to own accounts jointly with spouses. Makes sense. You're gone a lot and your spouse needs to be able to do things without you. Maintaining that arrangement could cost a surviving spouse in the future.
It's never too early to start looking at your tax obligations for the coming tax season. The information in this article is for the 2022 tax year, which most taxpayers will file in 2023.
If you pay for childcare (or other dependent care) so that you can work, you might be pleasantly surprised when you file your 2021 taxes. Learn more.
It doesn't happen every year, but almost every year the IRS adjusts the limits on retirement accounts and the amounts you can contribute to them. Here are some key ones you need to know.
You get a refund and get penalized for under-withholding. Is that possible? Yes it is and I've seen it affect more than one retired Senior Military Officer or NCO.
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