21 episodes
The BLUF Finance Podcast Erik Baskin, CFP®
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- Business
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5.0 • 12 Ratings
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The BLUF Finance Podcast delivers actionable weekly money insights and conversations on personal finance and achieving financial freedom for the military community, to military families and veteran business owners. Host Erik Baskin, CFP® is a military member turned financial planner and the founder of Baskin Financial Planning.
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21. The New Dependent Care FSA for Military Families
In this episode, I talk about Dependent Care FSAs, a new benefit now available to military families. I discuss what they are and how to think about using them in the context of your financial situation as well as childcare expenses in general.
Time Stamps:
00:00-01:18: Intro
01:18-02:41: What a DCFSA Is
02:41-03:49: How to Qualify
03:49-07:27: When to Use It:
07:27-10:40: An Example
10:40-13:30 Conclusion and CTA
www.baskinfp.com/post/21-dependent-care-fsas-for-military-families
Resources:
One Source on DCFSAs
Tax Brackets
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Download the Ultimate Military Finance Checklist, with 7 pages of critical things to be thinking about to clarify your journey to financial freedom.
Think you might need some financial help? Book an intro call with me to see if we would be a mutual fit.
Questions or comments, drop me a note at: erik@baskinfp.com -
20. Does It Make Sense to Buy a House Right Now?
In this episode, I talk about how to decide whether or not buying a house in a high interest rate environment makes sense for you and your family.
Time Stamps:
00:00-2:12: Intro
2:12-5:31: Duration of Ownership
5:31-9:57: Does it Fit Your Budget
9:57-13:33: Housing Market Conditions
13:33-15:35: Conclusion
www.baskinfp.com/post/20-does-it-make-sense-to-buy-a-house-right-now
Resources:
NerdWallet Buys vs. Rent Calculator
Bankrate Mortgage Rates
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Download the Ultimate Military Finance Checklist, with 7 pages of critical things to be thinking about to clarify your journey to financial freedom.
Think you might need some financial help? Book an intro call with me to see if we would be a mutual fit.
Questions or comments, drop me a note at: erik@baskinfp.com -
19. Investing in the TSP and Aligning Your Money with Your Values with Brandon Lovingier the Enlisted Money Guy
In this episode, I talk with Brandon Lovingier, the Enlisted Money Guy about investing in the TSP, military retirement, and aligning your money with your values.
Time Stamps:
00:00-01:35 Intro to Brandon
01:35-10:58 Investing in the TSP with and Without a Pension
10:58-12:32 Calculating Your “FI” Number
12:32-20:16 Protecting Loss of Life or Income with Insurance
20:16-28:38 How to think about the right amount of Risk for YOU
28:38-38:32 Matching your Money to What You Actually Want in Life
38:32-41:51 Conclusion
Resources:
Blog Post on Military Retirement
Start 100K
Your Virtual Paraplanner
Enlisted Money
Enlisted Money YouTube
Email Brandon: hello@enlistedmoney.com
www.baskinfp.com/post/19-retirement-and-aligning-your-money-with-your-values-with-brandon-lovingier
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Download the Ultimate Military Finance Checklist, with 7 pages of critical things to be thinking about to clarify your journey to financial freedom.
Think you might need some financial help? Book an intro call with me to see if we would be a mutual fit.
Questions or comments, drop me a note at: erik@baskinfp.com -
18. 5 Year End Tax Planning Opportunities to Consider
In this episode, I talk about five key tax planning opportunities to consider before the end of the year to lower your lifetime tax bill.
Time Stamps:
00:00-01:41: Intro
01:41-3:24: Withholdings and Estimated Payments
3:24-6:46: Capital Loss and Gain Harvesting
6:46-8:36: Roth Conversions
8:36-9:52: Retirement and HSA contributions
9:52-12:18: Charitable Contributions
12:18-13:41: Conclusion
www.baskinfp.com/post/18-5-end-of-year-tax-planning-opportunities
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Download the Ultimate Military Finance Checklist, with 7 pages of critical things to be thinking about to clarify your journey to financial freedom.
Think you might need some financial help? Book an intro call with me to see if we would be a mutual fit.
Questions or comments, drop me a note at: erik@baskinfp.com -
17. Estate Planning 101 for Military and Veterans
In this episode, I talk about basic estate planning that all military and veterans need to get in place. This includes completed documents, avoiding probate with designated beneficiaries, and setting up a legacy drawer.
Time Stamps:
00:00-01:16: Intro
01:16-6:56: Documents
6:56- 8:56: Avoiding Probate
8:56-10:12: Legacy Folder
10:12-11:50: Conclusion
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Download the Ultimate Military Finance Checklist, with 7 pages of critical things to be thinking about to clarify your journey to financial freedom.
Think you might need some financial help? Book an intro call with me to see if we would be a mutual fit.
Questions or comments, drop me a note at: erik@baskinfp.com -
15. Why an Emergency Fund Is Crucial
In this episode, I talk about why having emergency savings is crucial to your financial health, especially in the face of a potential government shutdown or loss of income.
Time Stamps:
00:00-1:32: Intro
1:32- 2:09: What is an Emergency Fund
2:09-6:27: How Much to Hold
6:27-8:13: Where to Put Savings
9:39-11:30: Conclusion
Resources Mentioned:
BankRate List of HYS Accounts
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Download the Ultimate Military Finance Checklist, with 7 pages of critical things to be thinking about to clarify your journey to financial freedom.
Think you might need some financial help? Book an intro call with me to see if we would be a mutual fit.
Questions or comments, drop me a note at: erik@baskinfp.com
Customer Reviews
Excellent Military Finance Advice
Erik does a great job sharing simple but hugely important info for military folks to get and stay financially healthy, and living their best life!
Must Listen
Erik is my go to guy for all things finance, especially when it relates to the military. I love his realistic approach to l financial freedom while still being able to enjoy your life pre retirement. These first few episodes have been outstanding, can’t wait to keep listening. Also if you haven’t checked them out already, his blog posts on LinkedIn are must reads!
The Military Finance Guru
Erik is outstanding at serving military service members that simply cannot afford thousands of dollars per year. What a better way to consume his actionable takeaways than tune into his podcast every week. I will absolutely be following along!