KateHorrell

Helping Military Families Make The Most of Their Money

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…

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…

Retirement Savings Are Important For Military Spouses, Too


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Retirement savings for spouses is a big issue in families. Most couples have one adult who is the “primary wage earner,” and one adult who has less income. One frequent result of income inequality is inequality in the retirement savings of the two adults. The main earner may have a tax-advantaged, employer-sponsored account such as… | Read More…

Last Military Pay, Military Retirement Pay, and VA Disability Compensation


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The transition from active duty military to retirement is full of lots of winding twists and turns. One of the most common questions is how all those pays are going to come together. And it’s important to understand it as part of your overall financial planning. However, keep in mind that any or all of… | Read More…

Internship and Fellowship 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…

Income Taxes After Military Retirement: Don’t Get Stuck With A Huge Bill


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There’s a rumor floating around that somehow your taxes are going to zoom up after you retire from the military. As with many rumors, there is a bit of truth in it, but there’s also just a lot of confusion. It is true that some military families end up with large tax bills in their… | 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…

Military Retiree Medical: Tricare Prime, Select, or USFHP?


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One of the big questions during military retirement is: Which Tricare health care coverage should I choose? Or maybe you’ve been retired for a while, and you’re wondering if the Tricare health plan you’re using is the right one for your situation? Or you’re moving to a new area and need to figure out your… | Read More…

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


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If you’ve hung out around The Paycheck Chronicles long enough, you may 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… | 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.