In this conversation, Omen Quelvog from Formynder Wealth Management discusses the Thrift Savings Plan (TSP) and its various investment options, including core funds and lifecycle funds. The discussion covers the characteristics of each fund, their risk profiles, and how to effectively allocate assets within the TSP. Omen emphasizes the importance of understanding one's investment strategy and not overcomplicating the investment process. The conversation also touches on the unique aspects of the G fund, the potential risks and rewards of the S fund, and the benefits of using lifecycle funds for those who prefer a hands-off approach to investing.

Chapters

00:00 Introduction to Omen Quelvog and Formynder Wealth Management04:02 Overview of the Thrift Savings Plan (TSP) Funds

06:50 Deep Dive into the C Fund: Large Cap Investments

08:29 Exploring the S Fund: Small Cap Opportunities

12:21 Understanding the I Fund: International Investments

16:19 The F Fund: Fixed Income Insights

21:23 Understanding the G Fund: A Unique Investment Option

23:58 Exploring Lifecycle Funds: The Easy Investment Solution

30:39 Investment Philosophy: Tailoring Portfolios for Clients

35:30 Navigating Lifecycle Funds: Glide Paths and Risk Management

42:02 Crafting a Portfolio: Core vs. Lifecycle Funds

Takeaways

TSP offers a variety of investment options including core and lifecycle funds.

The C fund is often considered the foundation of a TSP portfolio.

The S fund provides exposure to small-cap stocks, which can be riskier but offer potential rewards.

The I fund includes international investments, which can enhance diversification.

The F fund is a bond fund that provides fixed income exposure.

The G fund is unique as it is tied to the US Treasury rate, offering stability.

Lifecycle funds automatically adjust risk based on the target retirement date.

Investors should consider their risk tolerance and investment timeline when choosing funds.

It's important to understand how different funds work together in a portfolio.

Investing in TSP is beneficial, and simplicity is key to effective management.

You can reach out to Omen Quelvog at 4myndr.com

Operation Retirement Readiness: www.operationretirementreadiness.com

Schedule a consultation with Mike: https://nextmissionfinancialplanning.com/contact/

Schedule a consultation with Amy: https://www.instarfp.com/contact

Disclaimer: This podcast represents the views of the hosts and any guests. It is for informational purposes only and should not be considered tax, financial, or legal advice. All information is regarded to be from reliable sources. The hosts are not responsible for any losses, damages, or liabilities that may arise from the use of this podcast. This podcast is not intended to replace professional, individualized advice.

This conversation explores the transition from military service to federal employment, focusing on the benefits, complexities, and considerations involved. Amy shares insights on military and federal benefits coordination, buyback options for military service, health care considerations, retirement income streams, survivor benefits, and special considerations for reservists. The discussion emphasizes the importance of understanding the nuances of both systems to make informed decisions for a secure financial future.

Takeaways

• Many military members transition to federal employment for familiarity and benefits.

• There is significant overlap between military and federal benefits that can be coordinated.

• Understanding military service buyback options is crucial for maximizing retirement benefits.

• Annual leave accrual differs between military and federal employment, with specific rules for each.

• Retirement income streams can be complex, with various pensions and tax implications to consider.

• The military survivor benefit program is generally more generous than federal options.

• Reservists have specific protections and benefits that differ from active duty members.

• It's important to do thorough research and seek advice when transitioning to federal employment.

• Understanding the timing of pension benefits is key to financial planning.

• Just because a benefit is available doesn't mean it's the best choice for everyone.

Chapters

00:00 Transitioning from Military to Civilian Employment

03:08 Understanding Military and Federal Benefits

05:59 Navigating Buyback Options for Military Service

09:03 Annual Leave and Health Care Considerations

11:59 Retirement Income Streams and Tax Implications

14:56 Survivor Benefits: Military vs. Federal

17:58 Special Considerations for Reservists

20:58 Final Thoughts on Federal Employment After Military Service

You can register for Amy’s webinar here.

https://events.teams.microsoft.com/event/9746255a-786d-48d8-bb9f-61023945bea8@8190aedd-e648-4bc2-bfeb-d25a944d2b64

Operation Retirement Readiness: www.operationretirementreadiness.com

Schedule a consultation with Mike: https://nextmissionfinancialplanning.com/contact/

Schedule a consultation with Amy: https://www.instarfp.com/contact

Disclaimer: This podcast represents the views of the hosts and any guests. It is for informational purposes only and should not be considered tax, financial, or legal advice. All information is regarded to be from reliable sources. The hosts are not responsible for any losses, damages, or liabilities that may arise from the use of this podcast. This podcast is not intended to replace professional, individualized advice.

In this episode, Mike and Amy speak with Tracy Crawford, a realtor in Jacksonville, Florida, who shares her journey from being an Army nurse to a real estate professional. Tracy discusses the importance of education in the home buying process, especially for military families navigating VA loans and the complexities of closing costs. She highlights recent changes in real estate practices, the roles of buyer and seller agents, and offers insights on how to find the right realtor. Tracy also addresses the decision-making process between renting and selling a home, emphasizing the importance of connecting with trustworthy professionals in the industry.

Chapters

00:00 Introduction to Real Estate and Military Transitions

06:36 Understanding the Home Buying Process

11:27 Navigating Changes in Real Estate Practices

16:31 The Role of Buyer and Seller Agents

21:40 Preparing for a Move: Timing and Research

21:43 Understanding Home Buying Timelines

22:48 Choosing the Right Realtor

25:49 Virtual Home Buying Experience

28:18 Criteria for Selecting a Realtor

29:00 Sell vs Rent: Making the Right Decision

32:08 The Value of a Realtor's Network

34:05 Final Thoughts on Real Estate Transactions

Takeaways

• Tracy emphasizes the importance of education in the home buying process.

• Military families often overlook closing costs when using VA loans.

• Recent changes in real estate practices focus on transparency.

• Buyers can negotiate the commission for their agents.

• The relationship between a realtor and client is crucial for a successful transaction.

• Timing is key for transitioning service members to start their home search.

• Finding a military-friendly realtor can ease the home buying process.

• Renting may be a better option for some military families than selling.

• Realtors can provide valuable connections to other professionals in the industry.

• Knowledge is power, and sharing it helps military families make informed decisions.

You can reach Traci at her website https://newlifetimememories.com/ or email her at tracicrawford@newlifetimememories.com

Operation Retirement Readiness: www.operationretirementreadiness.com

Schedule a consultation with Mike: https://nextmissionfinancialplanning.com/contact/

Schedule a consultation with Amy: https://www.instarfp.com/contact

Disclaimer: This podcast represents the views of the hosts and any guests. It is for informational purposes only and should not be considered tax, financial, or legal advice. All information is regarded to be from reliable sources. The hosts are not responsible for any losses, damages, or liabilities that may arise from the use of this podcast. This podcast is not intended to replace professional, individualized advice.

In this conversation, Amy and Mike welcome back Paul Allen from PimTax to discuss the One Big Beautiful Bill Act (OBBA) and its implications for military families and retirees. They explore various tax changes, including the auto loan interest deduction, expanded child tax credit, and the SALT cap increase. Paul provides insights on charitable contributions, end-of-year tax planning, and the importance of preparing for the upcoming tax season. The discussion emphasizes the need for proactive tax strategies and awareness of new deductions and changes in tax law.

Chapters

00:00 Introduction to the One Big Beautiful Bill Act

02:40 Impact on Military Families

04:25 Considerations for Military Retirees

06:21 Understanding the SALT Cap

08:28 Charitable Contributions Changes

11:34 Surprises and Overlooked Opportunities in OBBA

16:57 End of Year Tax Planning

19:13 Roth Conversions and Phase Out Limits

22:12 Preparing for 2026 Tax Year

23:47 Final Thoughts and Action Items

Takeaways

• The One Big Beautiful Bill Act has specific provisions for military families.

• Auto loan interest deduction will be available for new vehicles in 2025.

• Expanded child tax credit will benefit many military families with children.

• The SALT cap increase will primarily benefit higher income earners.

• Charitable contributions will have a new 0.5% floor starting in 2026.

• Planning ahead for taxes is crucial to avoid last-minute stress.

• Be aware of the IRS's staffing issues and potential delays this tax season.

• Roth conversions can be beneficial but should be approached carefully.

• Understanding state tax implications is important for military retirees.

• Organizing financial documents early can streamline tax preparation.

Paul Allen - Pim Tax – https://pimtax.com/

Military Tax Experts Alliance - https://militarytaxexperts.org/

Operation Retirement Readiness: www.operationretirementreadiness.com

Schedule a consultation with Mike: https://nextmissionfinancialplanning.com/contact/

Schedule a consultation with Amy: https://www.instarfp.com/contact

Disclaimer: This podcast represents the views of the hosts and any guests. It is for informational purposes only and should not be considered tax, financial, or legal advice. All information is regarded to be from reliable sources. The hosts are not responsible for any losses, damages, or liabilities that may arise from the use of this podcast. This podcast is not intended to replace professional, individualized advice.

Happy Thanksgiving from Amy and Mike!

In this episode, Mike and Amy discuss the options available for managing your Thrift Savings Plan (TSP) after military service. They explore the pros and cons of keeping the TSP versus rolling it into an IRA, including considerations like cost, investment options, legal protections, and beneficiary rules. The conversation emphasizes the importance of understanding personal circumstances and seeking unbiased financial advice.

Chapters

00:00 Thanksgiving Greetings and Listener Inspiration

01:24 Understanding TSP Options After Military Service

08:13 Reasons to Keep Your TSP

11:14 Reasons to Roll Over Your TSP

22:01 Final Thoughts on TSP Decisions

Takeaways

• You don't need to make an immediate decision about your TSP.

• TSP has historically been a low-cost investment option.

• The G fund offers unique benefits not found in other accounts.

• Consolidation of accounts can simplify financial management.

• Limited investment options in TSP may lead to a desire to roll over funds.

• Non-spousal beneficiaries face strict withdrawal timelines from TSP.

• Roth conversions can now be done within TSP, simplifying the process.

• Legal protections for TSP funds can be beneficial in certain situations.

• Consider the implications of beneficiary designations when managing TSP funds.

• If unsure, keeping funds in TSP may be the safest option.

Operation Retirement Readiness: www.operationretirementreadiness.com

Schedule a consultation with Mike: https://nextmissionfinancialplanning.com/contact/

Schedule a consultation with Amy: https://www.instarfp.com/contact

Disclaimer: This podcast represents the views of the hosts and any guests. It is for informational purposes only and should not be considered tax, financial, or legal advice. All information is regarded to be from reliable sources. The hosts are not responsible for any losses, damages, or liabilities that may arise from the use of this podcast. This podcast is not intended to replace professional, individualized advice.

In this episode, Mike and Amy discuss military transition support with Alan Nelson, a retired Navy commander and financial planner. Alan shares his personal transition journey, the challenges faced, and the importance of financial planning for transitioning military members. He highlights key organizations that provide resources and support, the significance of networking, and common financial blind spots that veterans encounter. The conversation emphasizes the need for action, the importance of involving family in the transition process, and the value of seeking help from others.

Chapters

00:00 Navigating Military Transition: Alan's Journey

06:41 Resources for Transitioning Veterans

16:34 Blind Spots in Financial Planning

23:11 Common Mistakes During Transition

32:52 Key Takeaways for a Successful Transition

Takeaways

• Transition is tough for everybody, whether separating or retiring.

• Networking is crucial for finding opportunities during transition.

• Budgeting is essential to understand financial needs post-transition.

• Establishing an emergency fund is vital for financial security.

• Life insurance considerations are often overlooked during transition.

• Evaluating total compensation from potential employers is important.

• Military spouses face unique challenges in the transition process.

• Mock interviews can significantly improve job prospects.

• Asking for help is a common mistake veterans make during transition.

• Taking consistent action is key to a successful transition.

Alan’s information:

https://www.linkedin.com/in/alan-nelson/

https://measuredmoneymaneuvers.com/(Free career transition and Financial Fitness Friday slide decks and link torecordings are on the Resources -> Education page)

Alan’s 3-page list of transition / retirement resources

https://operationretirementreadiness.com/wp-content/uploads/2025/11/Transitioning-Military-Resources-Operation-Retirement-Readiness.pdf

Operation Retirement Readiness: www.operationretirementreadiness.com

Schedule a consultation with Mike: https://nextmissionfinancialplanning.com/contact/

Schedule a consultation with Amy: https://www.instarfp.com/contact

Disclaimer: This podcast represents the views of the hosts and any guests. It is for informational purposes only and should not be considered tax, financial, or legal advice. All information is regarded to be from reliable sources. The hosts are not responsible for any losses, damages, or liabilities that may arise from the use of this podcast. This podcast is not intended to replace professional, individualized advice.

Alan’s information:

https://www.linkedin.com/in/alan-nelson/

https://measuredmoneymaneuvers.com/ (Free career transition and Financial Fitness Friday slide decks and link to recordings are on the Resources -> Education page)

Alan’s 3-page list of transition / retirement resources

https://operationretirementreadiness.com/wp-content/uploads/2025/11/Transitioning-Military-Resources-Operation-Retirement-Readiness.pdf

This conversation delves into the significant changes brought about by the One Big Beautiful Bill Act, particularly focusing on student loans, FAFSA, Pell Grants, and the implications for families planning for college. Mike Hunsberger, a subject matter expert, provides insights into the complexities of the new legislation, including changes to repayment plans, borrowing limits, and the impact on families with existing loans. The discussion emphasizes the importance of understanding these changes and being proactive in financial planning for education.

Chapters

00:00 Introduction to Student Loan Changes

03:37 Historical Context of Student Loan Repayment

06:31 FAFSA Changes and Implications

09:30 Pell Grant Provisions and Accessibility

12:36 Direct Student Loans: What Remains the Same

15:26 Graduate School Loan Changes

18:25 Parent Plus Loan Adjustments

21:18 Impact on Family Financial Planning

24:35 Repayment Plan Changes for Existing Borrowers

27:18 Navigating Parent PLUS Loans and Repayment Plans

33:52 Expanding Opportunities with 529 Plans

38:14 College Planning for Military Families

44:35 Strategies for Families Facing Student Loan Changes

Takeaways

• The One Big Beautiful Bill Act has introduced major changes to student loans.

• FAFSA has undergone revisions that affect small business owners.

• Pell Grants are now more accessible for shorter-term education programs.

• Direct student loan borrowing limits remain unchanged for undergraduates.

• Graduate school borrowing limits have been capped significantly.

• Parent Plus loans will now have annual and total borrowing caps.

• Existing borrowers need to be aware of new repayment plan options.

• The new repayment plans may extend payment periods to 30 years.

• 529 plans have expanded usage for educational expenses.

• Families must be proactive in understanding their financial options for education.

Operation Retirement Readiness: www.operationretirementreadiness.com

Schedule a consultation with Mike: https://nextmissionfinancialplanning.com/contact/

Schedule a consultation with Amy: https://www.instarfp.com/contact

Disclaimer: This podcast represents the views of the hosts and any guests. It is for informational purposes only and should not be considered tax, financial, or legal advice. All information is regarded to be from reliable sources. The hosts are not responsible for any losses, damages, or liabilities that may arise from the use of this podcast. This podcast is not intended to replace professional, individualized advice.

In this conversation, Jeremy Vidmar, an insurance broker, discusses the various insurance options available to military service members transitioning to civilian life. He emphasizes the importance of understanding life insurance, disability insurance, and long-term care insurance, while also addressing the underwriting process and the need for personalized insurance planning. The discussion highlights the unique challenges faced by veterans in navigating these insurance products and the importance of seeking professional guidance.

Chapters

00:00 Introduction to Insurance for Service Members

04:50 Understanding Life Insurance Types

07:47 Navigating Permanent Life Insurance Advertisements

10:38 Determining Insurance Needs

16:58 Integrating Life Insurance with Survivor Benefits

21:44 Exploring Permanent Insurance and Annuities

26:20 The Importance of Disability Insurance

27:18 Types of Disability Insurance Explained

31:43 Understanding the Underwriting Process

43:42 Long-Term Care Insurance Considerations

Takeaways

• Insurance is a crucial consideration for transitioning military members.

• There are two main types of life insurance: term and permanent.

• Permanent insurance can be complex and often misrepresented in advertisements.

• Determining how much insurance one needs involves both empirical and emotional factors.

• Integrating life insurance with survivor benefits can be beneficial for retirees.

• Disability insurance is often overlooked but essential for income protection.

• The underwriting process is critical in determining insurance eligibility and rates.

• Long-term care insurance is an important consideration for future planning.

• Understanding the nuances of different insurance products is vital for informed decisions.

• Professional guidance can help navigate the complexities of insurance options.

Contact Jeremy Vidmar, FIC®, CLTC®: https://www.e4.insurance/ or jvidmar@e4.insurance

Operation Retirement Readiness: www.operationretirementreadiness.com

Schedule a consultation with Mike: https://nextmissionfinancialplanning.com/contact/

Schedule a consultation with Amy: https://www.instarfp.com/contact

Disclaimer: This podcast represents the views of the hosts and any guests. It is for informational purposes only and should not be considered tax, financial, or legal advice. All information is regarded to be from reliable sources. The hosts are not responsible for any losses, damages, or liabilities that may arise from the use of this podcast. This podcast is not intended to replace professional, individualized advice.