2FD 016: Military Finances with Russ Gates

The military has some awesome, well deserved, benefits! But you have to know how to use them…

Join us and our special guest Russ Gates, an active military service member, talk about the options available to our military. The military offers some of the greatest benefits that you’ll never see again once you leave so taking advantage of them while you have the opportunity will put you ahead if you do it right.

We thank all of our service members and want them all to have the financial knowledge to support retirement. CHA-CHING!

Tune In Now!

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Discussion Points

  • The basic financial education the military provides you.
  • Living paycheck to paycheck as a single guy in the military.
  • The military gives you a lot of great opportunities with your finances but also opportunities to make bad choices.
  • There are many times when large sums of money are handed to you in the military.
  • Not caring about your financial future when you’e told 100 times.
  • The military has financial experts that will help you prepare for deployment.
  • Changing your auto insurance and cell phone service will on deployment.
  • Taking advantage of your Thrift Savings Plan (TSP) with very low expense ratios. **Accidentally said no expenses on the air but that is NOT TRUE. We were misinformed.**
  • The military is temporary and it’s important to take advantage of the great benefits to prepare you for the civilian world.
  • Changing your default elections in your TSP.
  • The military helps with your largest budget expense, housing.
  • The pros and cons of 0% down with the VA mortgage loan program.

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Thanks to http://www.bensound.com/ for the music used in the show.