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Major Defense Budget Cuts A Possibility…or Are They?

As you may be aware, the Congressional “Super Committee” recently failed to meet their deadline to come up with a plan to cut the Federal budget. Congress has until the end of December to come up with and pass the committee’s plan, otherwise $1.2 trillion in automatic cuts (“sequestration cuts”)...
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The 9th Wonder of the World

I’ve been told that Albert Einstein stated that compound interest was the 8th wonder of the world. My 6th-grade teacher, Mr. Rast, helped demonstrate that to me more than a few years ago. He asked me if I would prefer $100,000 or one penny doubled every day for a month....
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Tax Preparation, or How I Learned to Stop Worrying and Love My Computer

It’s tax time again, which means the countdown to April 15th is on. According to a recent government survey (reported in Forbes magazine), taxpayers will spend a whopping 6.1 billion hours “complying with the tax code.” If you believe the latest census, that’s the equivalent of every man, woman, and...
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3 Tips to Improve Your Estate Plan

I recently attended a day of continuing education conducted by the National Association of Personal Financial Advisers or NAPFA. About one-half of the day was dedicated to the review of an actual estate settlement and several examples of what is called “Post-Mortem Planning”. To be honest, the scenario probably doesn’t apply...
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SBP Payments Don’t Go On Forever

Military Family recently received a question from a reader about the Survivor Benefit Plan (SBP). The question involved the duration of SBP payments. The reader wanted to know how long her husband, an Air Force Retiree, would pay SBP premiums. Her husband is 78 years old and retired from the...
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Military Tax Break: Roll-over of SGLI and Death Gratuity to Roth IRA

Nobody likes to think about, or for that matter talk about, their own mortality. But, if something were to happen to you, you certainly would want your spouse to know about special tax benefits available to beneficiaries of Servicemembers Group Life Insurance (SGLI) and the military Death Gratuity. Also, if...
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Veteran’s Guide to Final Arrangements, Part 1: Burial Allowances

Death is a subject most people prefer to avoid, but talking about it can help you ease the strain on your family when the time comes. By discussing your wishes ahead of time, you can avoid leaving your loved ones unsure what you would have wanted, and you can ensure...
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It’s the Most Wonderful Time of the Year…

Now that Thanksgiving is behind us, you can start thinking about the upcoming season…Tax Season that is. I know, I know this is REALLY the Holiday Season, but you can also do a few things to reduce your taxes this year if you take the time now. Here are 3...
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More Free Veterans Day Opportunities!

After three days of Googling, calling companies and emailing we were still able to find a few more special offers for Veterans Day. In total over 41,000 locations across the United States, Canada, Australia, and New Zealand are honoring veterans with more than 125 opportunities. Today, in Part 4, More Free...
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Free and Discounted Veterans Day Opportunities! Part 3 In The Series

Are you looking for camping gear, home improvement items, a wedding dress or a dog, or basically anything else? Today’s article points you in the right direction for over 30 special offers (free and discounts) at 17,000 locations and online in Part 3 of the Veterans’ Day Benefits series. By...
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