Why Fee-Only? There are very few products or services out there where the consumer doesn’t really know the cost of what they’re getting. But when it comes to financial advice, what you don’t know can really hurt you. For example, many financial advisors offer a “free financial plan.” What clients don’t know is that that financial plan can …
3 Life Lessons I Learned as a Widower
There’s nothing quite like the loss of a spouse at a young age to make you step back and think. After I became a widower at 31, I spent quite a bit of time journaling and reflecting. Here are some of the three most important things I’ve learned. I hope that by sharing my story I …
BRS Financial Touchpoints
As part of the MCRMC report back in 2015 that advocated what we now know as the Blended Retirement System (BRS), the commission also recommended creation of more military financial education opportunities. This was to not only help servicemembers understand the new BRS, but also to help combat the troubling challenge of financial illiteracy that often has a negative …
Blended Retirement System Lump Sum Calculator
Blended Retirement System Lump Sum Calculator One of the major new parts of the Blended Retirement System (BRS) is the ability to take either 25% or 50% of the discounted lump sum value of the servicemember’s pension at the time of retirement. I built my own Blended Retirement System Lump Sum Calculator based on my best understanding …
Blended Retirement System Implementation
As the rollout for the Blended Retirement System implementation continues, amplifying details continue to be released for some of the specifics of BRS implementation. On January 27th 2018, DoD released the policy memorandum that will implement BRS guidance including some of the major updates from the 2017 NDAA that modified some of the original plan of the BRS as …
Blended Retirement System Considerations
As the DoD ramps up education efforts on the new Blended Retirement System (BRS), take the time to educate yourself on its specific provisions. Here are some helpful graphics and explanations to help you determine the best choice for your military career. …