Episode 15 - Using the Post 9/11 GI Bill Benefit

In this show Mike and Amy cover:

• Mistakes to Avoid when splitting Post 9/11 benefits among multiple beneficiaries (1:31)

• Advantages of transferring benefits to a spouse rather than children (5:15)

• Student Aid Index Considerations (6:48)

• Understanding the schools funding model (8:32)

• Leveraging the housing allowance (12:07)

• Yellow Ribbon Program (13:04)

Links:

Link to Mike’s Blog: https://nextmissionfinancialplanning.com/5-mistakes-to-avoid-when-splitting-the-gi-bill/ 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.

GI Bill Overview In this show Mike and Amy cover: History of the GI Bill (1:26) Components of Post 9/11 GI Bill (3:21) Post 9/11 GI Bill Tuition Benefit (4:07) Yellow Ribbon Program (5:25) Housing Allowance Benefit (7:31) Length of benefit (10:01) Limitations of the benefit (12:05) Transferring Post 9/11 Benefit (12:37) When beneficiaries must use the benefit (16:07) 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.

In this show, Mike and Amy continue discussing Traditional and Roth Retirement Accounts looking at some scenarios when they might be best used: Mike and Amy cover: Roth Vs Traditional Retirement Accounts (01:44) Scenario #1 – Roth vs Traditional – Early military career (03:55) Scenario #2 – Roth vs Traditional – Post Retirement Second Career (04:55) Roth Income Limits & Backdoor Roths (09:09) Roth Conversions (18:18) Amy & Mike’s Preferred Accounts (25:49) 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.