25 min
Episode 6: Budgeting for Military Retirement Operation Retirement Readiness
-
- Investing
Episode 006 Budgeting for Military Retirement
In this show, Mike and Amy discuss the dreaded top of budgeting. Mike and Amy cover:
Importance of a Transition Budget (1:05))
Planning for new/ additional expenses (3:03)
Timing of payments during transition from active duty into retirement (6:35)
Changes in paycheck timing after transition (8:11)
Specific thoughts in preparing for your ideal next step (11:48)
Start 12-24 months before transition (15:26)
Making savings tradeoffs (16:12)
Rebuilding your cash after transition (20:09)
Key Takeaway: Saving more allows more flexibility, more options, and less stress (21:33)
Links:
Operation Retirement Readiness: www.operationretirementreadiness.com
Schedule a consultation with Mike: https://nextmissionfinancialplanning.com/contact/
Schedule a consultation with Amy: https://www.instarfp.com/contact
Disclaimer: This podcast represents the views of the hosts and any guests. It is for informational purposes only and should not be considered tax, financial, or legal advice. All information is regarded to be from reliable sources. The hosts are not responsible for any losses, damages, or liabilities that may arise from the use of this podcast. This podcast is not intended to replace professional, individualized advice.
Episode 006 Budgeting for Military Retirement
In this show, Mike and Amy discuss the dreaded top of budgeting. Mike and Amy cover:
Importance of a Transition Budget (1:05))
Planning for new/ additional expenses (3:03)
Timing of payments during transition from active duty into retirement (6:35)
Changes in paycheck timing after transition (8:11)
Specific thoughts in preparing for your ideal next step (11:48)
Start 12-24 months before transition (15:26)
Making savings tradeoffs (16:12)
Rebuilding your cash after transition (20:09)
Key Takeaway: Saving more allows more flexibility, more options, and less stress (21:33)
Links:
Operation Retirement Readiness: www.operationretirementreadiness.com
Schedule a consultation with Mike: https://nextmissionfinancialplanning.com/contact/
Schedule a consultation with Amy: https://www.instarfp.com/contact
Disclaimer: This podcast represents the views of the hosts and any guests. It is for informational purposes only and should not be considered tax, financial, or legal advice. All information is regarded to be from reliable sources. The hosts are not responsible for any losses, damages, or liabilities that may arise from the use of this podcast. This podcast is not intended to replace professional, individualized advice.
25 min