‍In this episode, I discuss the basic principles of term insurance and why for most families it is the preferred method of life insurance over permanent insurance, SBP, and VGLI.

Key Timestamps:

00:00 Introduction & why term life insurance

01:10 Principles of Term Insurance

03:35 How much term insurance do you need?

05:35 Calculating your coverage

07:10 Comparing Term vs. Permanent, VGLI, and SBP

12:09 Final thoughts & summary

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Resources Mentioned:

• Episode 22: Whole vs. Term Life Insurance
• VGLI Costs

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More of Baskin Financial Planning:

⁠⁠Download the Ultimate Military Finance Checklist⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, with 7 pages of critical things to be thinking about to clarify your journey to financial freedom.

Think you might need some financial help? ⁠⁠⁠⁠⁠⁠⁠Book an intro call⁠⁠ with me to see if we would be a mutual fit.

Questions or comments, drop me a note at: ⁠⁠erik@baskinfp.com⁠⁠

⁠⁠www.baskinfp.com/post/74

In this episode, I discuss the art of the backdoor Roth IRA for high income earners. We walk through what it is, how to do it, and key mistakes to look out for.

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Key Timestamps:

00:00 Introduction to the Backdoor Roth IRA

02:21 Step-by-Step Guide to Backdoor Roth IRA

04:51 Key Caveats and Pro-Rata Rule

07:26 Fixing Past Contribution Mistakes

10:06 Conclusion and Final Tips

10:47 Additional Resources and Disclaimer

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More of Baskin Financial Planning:

⁠⁠Download the Ultimate Military Finance Checklist⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, with 7 pages of critical things to be thinking about to clarify your journey to financial freedom.

Think you might need some financial help? ⁠⁠⁠⁠⁠⁠⁠Book an intro call⁠⁠ with me to see if we would be a mutual fit.

Questions or comments, drop me a note at: ⁠⁠erik@baskinfp.com⁠⁠

⁠⁠www.baskinfp.com/post/73

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In this episode, I dive into when it makes sense and does not make sense to refinance your mortgage when rates are falling.

Key Timestamps:

00:00 Introduction: Is Now a Good Time to Refinance?00:55 Understanding Refinancing Basics02:03 VA Loan Refinancing: Uncle Earl Explained03:12 When Refinancing Makes Sense06:06 When Refinancing Doesn't Make Sense08:02 Veteran-Specific Provisions for Refinancing09:50 Conclusion and Final Thoughts

Resources Mentioned:

Episode 16: VA Loans with Evan Kaufman

Episode 50: Refinancing VA Loans with Evan Kaufman

More of Baskin Financial Planning:

⁠Download the Ultimate Military Finance Checklist⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, with 7 pages of critical things to be thinking about to clarify your journey to financial freedom.

Think you might need some financial help? ⁠⁠⁠⁠⁠⁠Book an intro call⁠ with me to see if we would be a mutual fit.

Questions or comments, drop me a note at: ⁠erik@baskinfp.com⁠

⁠www.baskinfp.com/post/72