The SECURE changed the rules for Inherited IRAs. If you inherit a Traditional IRA it could cost you more in taxes. Here are some things you can do.
The proposed TSP Mutual Fund Window is too expensive for small accounts. Here are some other options to diversify away from TSP and when and how you might consider using the Mutual Fund Window.
The Thrift Savings Plan (TSP) may soon provide access to mutual funds. Based on the current proposal is it a good deal? As proposed, the fees and expenses make it a bad deal for small accounts.
The Thrift Savings Plan is a great retirement savings option, but it can sometimes make sense to rollover those funds after Federal service.
In a previous article, I discussed why it’s important to perform due diligence when you’re hiring a financial professional and how military members have unique requirements they should seek to address because of their benefits. Based on the questions I compiled, I believe it’s only fair and transparent that I publish my answers
Do a quick Google Search on “Questions to ask your financial advisor” and you’ll find a page of articles. All have a slightly different focus depending on whether they emphasize planning like this one from the CFP Board, or investments likes one from Nerd Wallet, or some personal questions like this one from Dave Ramsey. While good starting points, none focus on financial planning for military members and the unique benefits available to members. With that in mind, consider these questions when interviewing advisors.