Macho Money Definitions - What Is An IRA?

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Macho Money Definitions - What Is An IRA?

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vid_whatisira.jpgWhen talking investments, IRA is the abbreviation for “Individual Retirement Account,” not “Irish Republican Army.” According to About.com, IRAs are basically savings plans with lots of restrictions. The main advantage of an IRA is that you defer paying taxes on the earnings and growth of your savings until you actually withdraw the money. The main disadvantage is the tax law imposes stiff penalties if you withdraw the funds before you turn age 59.5 years old. There are different types of IRAs, each with their own tax implications and eligibility requirements. And here is a little fun fact, IRA's stem from the early 1970s when NBC broadcasted a television special called “The Broken Promise,” which showed Americans the consequences of poorly funded pension plans. In this short video, USAA Certified Financial Planner Scott Halliwell explains IRAs in further detail.


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image for Today as a Male Military Spouse - Her Support

Today as a Male Military Spouse - Her Support

Taurus and Trauna JamesLearning the support role as a male military spouse was very, VERY difficult for me. When I look back, I point to my pride and immaturity as major factors in my slow learning and acceptance of the role.

I changed over time, but time did not change me. I had to continuously choose to "fall back" and develop this as a way of thinking. That's not an easy thing to do when you're an aggressive, no-nonsense dude like me. Faith in Christ is what changed my mind and changed me, allowing me see that love requires that I demonstrate what it is to be my wife's support in a sacrificial manner.

Here is something for Valentine's Day - a re-post of one of my blog entries about demonstrating my love and support for my wife after a difficult week.

image for Air Force Spouse Support at USAFSERVICES.com

Air Force Spouse Support at USAFSERVICES.com

Did You Know?US Air ForceDid you know that the USAF Services website has a section devoted to spouses?

The Spouse Support portion of the site is designed to provide Air Force spouses information on resources to help them adapt to Air Force Life. The site also has forums are available to registered users that are designed to allow for peer support to provide real perspectives on life in the Air Force.



 

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