Claiming Your Reserve Expenses On Your Tax Return

Submitted by John Cooney on May 29, 2020

While for many of our National Guard and Reserve servicemembers, traveling to monthly Battle Assemblies right now is not an option, we do hope that in the near future we will be back to meeting together, in-person, as a unit.  When the stop order movement is lifted, it is important that all servicemembers are aware of the tax rules around being able to deduct your out of pocket expenses for travellin

military, military finance, Taxes

It's Military Moving Season, How Does That Impact Your Taxes?

Submitted by John Cooney on Jun 4, 2019

It’s moving season for the Department of Defense…every year about 65% of the PCS moves for the year happen between May 15th and August 31st.  Don’t let your move sneak up on you.  In this great Military.com article, they offer several tips and I will share two here; book your move early and use the move as w

military finance, military, Taxes, personal finance, fee-only financial planner

I Opted-In to the Blended Retirement System, Now What?

Submitted by John Cooney on Jan 6, 2019

The opt-in window for the Blended Retirement System (BRS) has come and gone.  You did your research, looked at both the legacy system and the BRS, calculated multiple scenarios with the BRS comparison calculator, and ultimately decided that opting-in to the new system was the best option for you.  Good for you, but now what?  This article will help outline some basic steps to make sure that you are making the most of the new system.  For those that chose to sta

blended retirement system, Thrift Savings Plan, military retirement, military finance
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