KateHorrell

Helping Military Families Make The Most of Their Money

Favorable Tax Rules for Military When Excluding Capital Gain from Sale of Principal Residence


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I asked my smart friend Paul Allen if he could possibly explain the capital gains exclusion in another way, especially the part about partial exclusions. I’ve always been confused by them. Even though I’ve written about this here, I was still baffled about that part. And Paul came back in a big way. I am… | Read More…

Be Sure You Are Keeping Up With These Retiree Newsletters


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It can be hard to keep up with changes in benefits, laws, and programs. One of the best ways to remain informed is to read the various retiree newsletters published by each branch of the military and the Defense Finance and Accounting Service (DFAS). This stuff isn’t just for retirees – there is useful information… | Read More…

Banks and Credit Unions With Early Deposit Of Military Pay


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Everyone loves getting paid, and people love getting paid early. Even when you’re financially secure, and you don’t need the money immediately, there’s a psychological boost from getting paid a day or two before the actual payday. (Not a psychologist, can’t explain why, but it’s so true!) If you are receiving pay from the military,… | Read More…

New Law Will Make Tax Time Easier For Military Spouses


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This post has most recently been updated on 4 February 2019. The president has signed the a bill that permits military spouses to use the legal residence of their service member for purposes of taxes (and voting.) S. 2248 (115th): Veterans Benefits and Transition Act of 2018 has a provision that states: “For any taxable year… | Read More…

10 Things To Do During A Government Shutdown


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For those of you not affected by THIS shutdown, read this article so you’re not in a bind next time it happens: 12 Ways to Prepare For The Next Government Shutdown It’s happened again: Congress has failed to pass a spending bill, and part of the federal government has shut down. Unfortunately, the part that has… | Read More…

Blended Retirement System: How To Choose Between The Military’s Retirement Systems


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This post was sponsored by USAA as part of the military personal finance bloggers #BRSBlitz education campaign. As 2018 comes to a close, there is a lot of stuff going on. We’re preparing for various holidays, some people are moving, and there is a general last minute rush to get things done before the end… | Read More…

Security Clearances Are Changing: Why You Need To Keep Your Credit Clean & How To Do It


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As the Department of Defense takes over the processes of issuing and maintaining security clearances, the system is going to become more automated and, in some ways, more thorough. On part of this automation will include more and ongoing checks on the financial fitness of those who hold a security clearance. With this new scrutiny, it’s… | Read More…

Southern California Tolls and Military Families


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It’s getting harder and harder to drive around the country and not get stuck with in a situation where there’s a toll and the only way to pay is with a toll program that you don’t have! It’s frustrating to get stuck with a big bill, and the area between Los Angeles and San Diego… | Read More…

From The Mailbag: Term Life Instead of SBP


This post may contain affiliate links, from which I may earn revenue to support this free site. All opinions are my own, and I only promote products that I use and love!

This post is part of a larger series about the Survivor Benefit Plan. Here’s the complete list of posts. Everything About The Survivor Benefit Plan Understanding the SBP-DIC Offset Life Insurance or SBP? Asking The Right Questions Retiring Military: Should You Choose SBP? 10+ Places To Learn About The Survivor Benefit Plan The Survivor Benefit… | 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.