KateHorrell

Helping Military Families Make The Most of Their Money

What Is A Transition Fund, And Why Do You Want One?


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If you’ve hung out around KateHorrell.com long enough, you have heard me talk about having a transition fund. I think I may have made up that term…maybe not. But I sure am fond of it. So what exactly is a transition fund, and why would you want one? This post is part of The Comprehensive… | Read More…

Everything About The Blended Retirement System


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The Blended Retirement System is the retirement plan for service members who entered the military after 1 January 2018. It also includes some folks who were serving before 31 December 2017 and chose to switch to the BRS. Retirement pay benefits for currently retired service members remain unchanged. Understanding The Terms The military’s new Blended… | Read More…

2022 Retired Military Paydays – With Printables


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Military retirement pay comes once a month. It is paid on the 1st of the month unless the 1st is on a weekend or holiday, in which case it is paid on the previous business day (the last business day of the previous month.) Military retirement pay is paid in arrears, meaning that the payment… | Read More…

Your Military Retirement Move: Travel, Household Goods and Storage


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Your military retirement move can be a big step in the transition to civilian life. Retiring military members are authorized a move from their last duty station to a home of selection. This includes the movement of household goods and the transportation of eligible family members. This post is part of The Comprehensive Military Retirement… | Read More…

2022 Contribution Limits for Thrift Savings Plan and IRAs


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The IRS has announced the 2022 contribution limits for tax-advantaged retirement plans . You’ll  want to adjust your savings plans accordingly to get the most benefit from these accounts. Don’t forget that you can contribute to both a 401(k)/TSP type employer-sponsored plan and an Individual Retirement Arrangement (IRA), and that non-working spouses can have IRAs,… | Read More…

Internship, Fellowship, and Training Programs for Retiring and Separating Service Members


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There are several major programs that support internships for active duty military members who are preparing to retire or separate from the military. All these programs provide real-world non-military experience to help transitioning service members be better prepared to seek work after the military. Some happen while still on active duty, with military members receive… | Read More…

Resume and Job Hunting Help for Service Members and Spouses


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Getting a job can be intimidating, especially if you’ve been serving in the military, or out of the workforce for a while. How do you translate your military service into terms that a civilian employer will understand? Or how do you craft a resume if you have big gaps in your work history? There are… | Read More…

2022 Increases In Military Retirement Pay (plus VA Disability, Social Security, and other federal payments)


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The 2022 military retirement pay increase has been calculated, and it’s a doozy – 5.9% for those who retired prior to 2021! This projected increase is based on the Social Security cost-of-living adjustment. The Social Security adjustment changes the VA disability compensation rates by law, and while it isn’t law, military retirement pay has customarily… | Read More…

49 Things You Need To Know Before Military Retirement


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I spent the last ten years of my husband’s active duty gathering every single tip and trick that already-retired folks told me that they wish they had known. Now that we’re 6 months past retirement, I’ve made a few updates to this list based on our personal experiences and more things that retirees have shared…. | Read More…

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Disclaimer

Kate does not represent the Department of Defense, the Department of Veterans Affairs, or any government agency. This blog is strictly for informational and entertainment purposes only. The content on this site should not be considered professional financial or legal advice. I may receive compensation through affiliate or advertising relationships from products mentioned on this site. All reviews on this site represent the personal opinions of the author. All references to third party products, rates, and offers may change without notice.