COMNAVRESFOR to IRR: No Soup for You


 

Soup-Nazi

The Benevolent Savant Soup Chef thinks it is too easy to earn IRR points…

Recently I caught wind of the below message from Commander, Navy Reserve Force (CONAVRESFOR) (H/T to the AirWarriors Forum).

To summarize: Big Navy and/or Big Navy Reserve initiate this Goat Rodeo every few years or so when they decide that it is too easy for Navy Individual Ready Reservists (IRR) to earn retirement credit points through correspondence courses.  I recall a major Kaibosh put on NKO courses about 5 or 6 years ago, which created a similar panic through the IRR. (Continue reading…) →

5 Reasons why Thrift Savings Plan (TSP) Sucks


 

In_N_Out_Burger

John Hechinger and John Turner recently published an article picked up by Bloomberg and Businessweek alerting TSP and TSP participants to the well-known TSP ‘IRA Rollover Scandal’

In the TSP Rollover Scandal, brokerage houses recommend any retired or separated TSP participant take their TSP balance and roll it over to their Brokerage House IRA. In most cases, this benefits the Brokerage House much more than it does the former TSP Account Holder, as the Brokerage house can collect lucrative fees by managing the participant’s retirement balance in-house. The article was well researched and rightfully took some jabs at ‘GoldBug’ IRA Brokerage Houses, but I think the author went a bit far by bashing NFCU and USAA. USAA and NFCU are Friend- Not Foe- of the Veteran’s wallet.

In defense of NFCU, USAA, Schwab, Fidelity, and Vanguard, I present the following…

5 Reasons Why Thrift Savings Plan Sucks (Continue reading…) →

Our Rooftop Solar PPA Saved us $464 Last Year


PV_Dollars

Well, the results are in from the GubMints household experiment with Rooftop Solar.  You might recall my original Rooftop Solar Post series discussing the plusses and minuses of Rooftop Solar.

(Continue reading…) →

ObamaCare- Veterans Should Not Apply?


Land Mines to avoid when leaving an HSA

Here’s an update to one of my more popular posts regarding Veterans and ObamaCare.

As of 2014, the Affordable Care Act (ACA), aka ObamaCare (I will use the more popular nickname for the rest of the article) is being listed as an option on the military’s Tricare website.

There’s no neon sign at the top of the Tricare page alerting you to this fact. It’s not listed as a disclaimer, waiver, footnote, or disclosure on the page. You have to read between the lines and click around to figure this out.

On Tricare’s page about ObamaCare, it states that any of the Tricare plans (plus the ‘US Family Health Plan’) meets the Obamacare ‘Minimum Essential Coverage’ standard as of 2014. In other words, if you’re enrolled in one of the Tricare plans, you ‘don’t need to take any action at this time’.

For those who feel like they need to dig deeper (and I always do), there is yet another link on the right to the ‘Tricare and the Affordable Care Act’ Fact Sheet , which states (last paragraph):  (Continue reading…) →