Totally Fake Reader Mailbag Edition

Totally Fake Reader Mailbag Edition

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Image: – Male Military Spouse Rob Aeschbach paraphrases discussions had about money with family, friends, and co-workers – Macho Spouse

 

RobSitePic.jpg[These aren't real questions that avid readers have sent in, yearning for my sage advice. I'm just paraphrasing some discussions I've had about money with family, friends, and co-workers]

I just changed jobs. Should I leave my 401(k) with my old employer, or roll it over to my new employer's 401(k) plan?

No.

You shouldn't do either. You should rollover your old 401(k) into an IRA with low-cost mutual funds, like Vanguard. There are 2 main problems with 401(k) accounts in general:

 


First, the investment choices they offer are usually going to be fairly limited. They might not even have index funds. Opening an IRA with someone like Vanguard, Charles Schwab, or Fidelity gives you access to just about all of the mutual funds each company offers. It's like comparing a state-run grocery store in the Soviet Union to a well-stocked Wal-Mart in the United States.

(Click here for the rest of Rob's blog)

 

Rob Aeschbach is a male military spouse who spent 12 years as an active duty Marine before becoming a Navy spouse. Since then he has been a stay-at-home-dad for more than 10 years, served in the Marine Corps Reserve until his recent retirement, and started a personal finance blog.

See also...

image for Top 10 Reasons Military Spouses Benefit From Facebook Groups

Top 10 Reasons Military Spouses Benefit From Facebook Groups

Facebook groups are wonderful things that most people probably don't use to their full advantage. With a group, you can control who is in the group and even if the group can be found via search. This makes it perfect for chatting or sharing things that you don't want everyone to see.

1. To Keep In Touch With Friends and Family

Use groups to keep a conversation with your close friends or family. You can freely share things you many not feel comfortably sharing on just your Facebook page and it's great for planning events or large get together. It's also easier to keep up with everything than having to visit everyone's pages

2. Easier Communication With Your Spouse During Deployments

We all know that communication can be limited during deployment. There are pictures and stories you want to share with your spouse, but don't want everyone else to see, so share them in a group. You can limit it to just the two of you as members, then when he/she gets a chance to check in, they can see everything at once.

3. Network At A New Duty Station

The hardest thing to do at a new duty station is make friends and network. Find a Facebook group for your base. Ask questions about the area, learn about classes for fitness or other things that interest you, and even find babysitters.

4. Keep Up With Your Spouse's Unit

A lot of units and FRG's have Facebook groups or pages. This can easily allow you to see what is going on with the unit and any upcoming events that may be of interest to you. These groups are especially helpful if the unit is gone for training or deployed.

5. Garage Sale Pages

Right? Facebook garage sale pages are great! You can easily buy and sell items and even find people for house cleaning or babysitters. Since it's a group, the admins should only allow people in your area to be included.

6. Entertainment Purposes

Groups can be started for anything, including news, current events, or your favorite TV show. If your spouse hates watching OITNB, talk about the episodes in a group with other fans.

7. Foster And Receive Support From Other Military Spouses

Have questions about benefits, PCSing, or military life in general, there's a group for that. If there isn't you can start one! Everything from <a_dropped style="color: #bb133e;" href="http://martinsburgcollege.edu/enroll-now/financial-assistance/" target="_blank">MyCAA for spouses to wounded warrior wives.

8. Helping To Reach New Goals

Looking to grow your business or go back to school? Find a supportive group of like-minded people to answer any questions and help keep you motivated.</p

image for 30 Ways Day 25

30 Ways Day 25

30 Ways Day 25! We'll be making some toasts this week, how about you?

30 Ways to say thank you to military families.



 

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