Transitioning from Military Thrift Savings Plan to Private Pension: A New Approach to Securing Your Military Retirement
Exploring the topic of transitioning from the Military Thrift Savings Plan (TSP) to a private pension.
Navigating Retirement Risks with the TSP Retirement Calculator
Unlock our exclusive TSP retirement calculator by signing up for our free book today. We’ll email you both the book and the calculator, complete with insights on how to skillfully navigate your financial planning. Start making more informed decisions with these essential tools at your fingertips.
Life Insurance Benefits and Tax Implications
In this blog post, we will explore the contracting relationship between insurance brokerages and carriers and explore the application process for purchasing life insurance. We will also discuss the benefits of life insurance and the tax implications associated with it. The Role of Insurance Brokerages Insurance brokerages, such as US VetWealth, play a crucial role in…
Understanding Your Tax-Free Income Options After Military Retirement
Retirement comes with its own set of financial challenges, especially when it comes to managing your income and minimizing taxes. In this blog post, we will delve into the world of tax-free income options after retirement, specifically focusing on the experiences and advice shared by Trevor, Scott, and Mike, experts in financial planning for military retirees….
Customizing Financial Strategies: Unlocking Tax-Free Income for Military Retirees
In this discussion: Ready to maximize your pension and benefits with our Wealth Insurance Strategy? Our Military Retirement Blueprint offers the training, strategies, and planning you need – including a free digital copy of Scott’s latest book: Don’t Forget Your War Chest – A Guide to the Military Retiree’s Survivor Benefit Plan Alternatives. Access our…
The Case for Permanent Life Insurance: Control, Returns, and Tax Advantages
Mike, Scott, and Trevor discuss the benefits of permanent life insurance plans, like universal life insurance, compared to term life insurance for high performers and high-income earners. Permanent life insurance plans can provide higher returns of 6% to 8% annually with zero downside risk, tax-free growth, and more control. They note that term insurance is…
Maximizing Thrift Savings Plan (TSP) Funds for Military Retirement
The main topic of discussion is retirement planning, specifically focusing on the Thrift Savings Plan (TSP) and how retirees can access and strategically utilize their TSP funds. Scott and Mike discuss the utilization of TSP funds to create a “war chest strategy” for replacing Social Security benefits and generating liquid funds for various retirement purposes….
Tax-Free or Taxable Military Retirement? – How “Types of Money” Can Affect Your SBP Decision for Military Retirees
Understanding the Best Type of Money for Military Retirees: The Private Pension Strategy As a military retiree, it’s important to understand the different types of money that are available to you in order to make the best decision about the Survivor Benefit Plan (SBP). While free money, tax-free money, tax-deferred money, and fully taxable money…
Is the TSP Expense Ratio a Good Reason to Keep Your Thrift Savings Plan?
Table of Contents What is so Special About the Low TSP Fund Fees Ratio?Low TSP Expense Ratios Can Be MisleadingYour TSP Account is Not A FiduciaryTSP Administration is CumbersomeWhat is the Cost to Use Your TSP Funds?What is the Veteran Retirement Rescue (VRR)? This is an excellent question for anyone who’s planning on retiring from…
Thrift Savings Plan: Is TSP a 401k That Causes Mediocrity?
Is TSP a 401K? Recently, in a conversation I was having on LinkedIn, it came to my attention that I have some pretty controversial ideas about the new Blended Retirement System (BRS). In short, I think that the BRS model creates a poverty mindset. A poverty mindset is an underlying belief that you will never have…