When my oldest son turned 9 a few years ago, I said to him: “Congratulations!  It’s your half-way birthday!” “What’s my half-way birthday?” “It means you’re half-way to becoming an adult and getting kicked out of this house!” Just kidding!  I would never kick my kids out on their can just because they turned 18,… | Read More…

This post is for those of you who want to follow military-specific personal finance blogs, but don’t want to get overwhelmed by everything that’s out there.  If you don’t know where to go beyond this blog, I would suggest checking out these five places, and see which ones resonate with you. 1. The Military Wallet… | Read More…

So why is this important? Like I mentioned earlier, spending thousands of dollars on auto accessories means that money isn’t invested for the future. Most people would read this to mean investing in Thrift Savings Plan, your retirement accounts, or putting money towards your children’s’ college education—all worthwhile goals. However, I’ll define it in a slightly different manner by describing what the auto accessory store replaced—the flower shop.

When you make the decision to sell your home, it can be for any number of reasons: relocation, buying a bigger home, downsizing, or because it makes financial sense to do so. In fact, I previously wrote an article about this here. However, there are times in your military career where you just can’t sell your home as soon as you leave it: you’re underwater, you might move back into it later on, it’s got potential to make a lot of money as a rental, or timing issues. From the moment you have a tenant move into your house, it’s no longer your home…it’s a rental property. Whatever the reason for selling your home, let’s take a look at three tax considerations you should take into account: