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OK, so you've taken the advice from our last video, "Before We Invest," and built-up a cash savings account. Great. But now that money is looking pretty good in savings, why risk any of it playing the stock market? Having something is better than having nothing...right? When it comes to planning for retirement, not exactly. In this video, Scott and JJ (Certified Financial Planners with USAA) share some great insight on why it's important to start an investment account, what we should consider before beginning, and why it's not a good idea to simply start throwing money at random stocks.
Macho Money Investing 101 is a video series based on the fundamentals of investing. These videos will discuss many different types of investment accounts, some basic investment philosophies, and offer advice on how to find the right financial planner to fit your needs.
OK, here is an important topic USAA wrote about a few months ago and we obtained permission to re-post on Macho Money. For those of you who are new to the military, you will receive your health insurance from Tricare. Tricare is offered to all active duty members and their dependents. Once your active duty spouse retires, your family is eligible for Tricare For Life. However, if you guys decide to separate from the military before retirement qualifications are met, you aren't eligible for Tricare. At this point the VA may be an option, but there are specific eligibility requirements so not everyone will qualify...plus the VA doesn't cover dependents. So, for many of us, the pain of shopping for health insurance is inevitable.
Health insurance coverage is available to more Americans than ever under the Patient Protection and Affordable Care Act (ACA), which created a marketplace of plans with a range of costs and benefits.
But before you start shopping around, it's wise to think about your needs and budget to find the best plan for you and your family.
Here's how to weigh your health insurance coverage options:
You know, I started Macho Spouse because I couldn't find a job in my career field during our last PCS. Most of us military spouses have probably gone through similar depressing job-searches. But after two years of unemployment, here I am, back in the job market and gainfully employed. This time, however, I have a whole new appreciation for what it takes to land that next job. The following is a short list of what I learned during my latest employment drought.
The first thing every military spouse needs when planning his or her career is patience. Patience, patience, patience. We must understand that our career trajectories won't be as quick, or logical as our civilian counterparts. And that's OK. As long as we understand where we want to be at the end of our working life, taking a step backwards now and then isn't a big deal as long as it moves us further forward down the line. Remember, our life situations can change rapidly, so we don't have to find that “perfect” job today since we probably won't be able to keep it anyway. Focus on building your resume so that when your spouse does decide to retire, you will have a great resume and lot's of experience to land that “perfect”job.