New year, new financial plans. I am reposting this as part of my 2021 Financial Plan. I will finish this project this year. Last year, or maybe the year before, my friend Doug Nordman started talking about a nifty new printable workbook offered by Chelsea of Smart Money Mamas. This printable workbook is called In… | Read More…

In the military, we face this decision more than most folks.  We buy a house because we intend to stay in it for a while.  We hope that we can hold it long enough to actually have prices rise over time, then either rent it or sell it for a profit.  Then life gets in… | Read More…

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: