If you are transitioning out of the military and into civilian life, or if you are going to be doing so in the near future, you should start to take proactive steps to get your financial plan made. Many transitioning military personnel echo the same sentiments that are found in the general civilian population when it comes to personal financial management. Many find it a daunting task, confusing or worse they feel that it is something that they can do later.
The fact is that no matter how much income you make you cannot manage it if you do not monitor it. The sooner that someone sits down and analyzes their financial situation and takes concrete steps to design a budget and make solid financial plans the better. This applies to the single transitioner as much as the military family who has mom and/or dad transitioning to the civilian world.
Nerdwallet posted a nice little article that can help you get your financial planning started. You can read it here…
If you want to get some help and really do your financial planning right there are a variety of online tools and courses you can take. Right now Goodwill is promoting a “Tools for Financial Success” class that is FREE. Check out the information below to learn more.
Tools for Financial Success
WHEN – Thursday, January 22, 2015 1:00 – 2:00 p.m.
WHERE – Veterans Assistance Center Loop 1604 and Bulverde Road
WHY – Learn how to avoid financial pitfalls during your transition.
- What’s next for your finances after military separation or retirement?
- Are you still on the fence about what to do with your TSP?
- Do you need Life Insurance? What type and do you know where to get it?
- What can you do to get your budget back on track?
- What does your rainy day fund look like?
- Can your current credit report get you a loan? How can you find out?
- How often should you monitor your credit score?
- What are the differences between a Traditional IRA and a Roth IRA, and
what are the tax implications of each?
RSVP required. Seating is limited to first 35 enrollments.
- Call today! 210-924-8581 x5907