Retirement




The special rules about SBP-DIC offset have an impact on military family financial planning...be sure you understand them!

SBP-DIC Offset Rules

The way the rules are currently written, survivors of deceased military member and veterans who would be eligible for both Survivor Benefit Plan (SBP) and…



Changing the direct deposit account for Survivor Benefit Plan and VA benefits isn't hard. Here's how!

How To Change Direct Deposit of Benefits

Of all the emails I receive, the single most popular question is:  “How do I change the bank account to which my benefits are paid?”  Direct…




The Mailbag brings us Retiree Tax Questions

From The Mailbag: Retiree Tax Questions

Tax time always brings a lot of questions from readers.  Today’s post is a compilation of tax-related questions received from retirees: Taxable vs. Non-Taxable Retirement…


Five Things To Know About Inheriting An IRA

Five Things To Know About Inheriting An IRA

I received a lot of email after my recent article on required minimum distributions (RMDs), the IRS-mandated withdrawals you normally must make from a traditional…




How Your Income Tax Changes When You Retire From The Military

Tax Changes When You Retire

Several people have asked me to write about how your income tax changes when you retire from the military.  On one hand, it is pretty…


Pros and Cons of the New Military Retirement Plan

Pros and Cons of the New Military Retirement Plan

There are some big changes coming to military retirement planning. The 2016 Defense Authorization Act will transform the military’s traditional, 20-year retirement system to a…


How to get your military 1099R retirement pay tax statements.

Obtaining 1099R Tax Statements

It is the time of year when I get a lot of emails asking me to send tax statements. While I’d love to help people…



How Much Is Military Retirement Pay?

How Much Is Military Retirement Pay?

Update:  Regarding all the comments with regard to Social Security and Medicare taxes:  the commenters are correct.  Military retirement pay is not subject to Social…


Mixing Money When You Get Married

Mixing Money When You Get Married

Mixing money is one of the hardest parts of a new marriage.  Money problems are one of the leading causes of marital problems, and no…


Residency for Military Retirement

State of Legal Residence for Retirees

I’ve read quite a few questions lately from recent retirees who are confused about their state of legal residency, and where they need to file…