Operation Retirement Readiness

Operation Retirement Readiness

By Mike Hunsberger & Amy KingBusinessInvesting
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Operation Retirement Readiness episodes

  • Episode 6: Budgeting for Military Retirement

    Episode 006 Budgeting for Military Retirement

    In this show, Mike and Amy discuss the dreaded top of budgeting. Mike and Amy cover: 

    1. Importance of a Transition Budget (1:05))

    2. Planning for new/ additional expenses (3:03)

    3. Timing of payments during transition from active duty into retirement (6:35)

    4. Changes in paycheck timing after transition (8:11)

    5. Specific thoughts in preparing for your ideal next step (11:48)

    6. Start 12-24 months before transition (15:26)

    7. Making savings tradeoffs (16:12)

    8. Rebuilding your cash after transition (20:09)

      9. Key Takeaway: Saving more allows more flexibility, more options, and less stress (21:33)

      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.

      26 min
    9. Episode 5: Budgeting Basics

      Episode 005 Budgeting Basics

      In this show, Mike and Amy discuss the dreaded top of budgeting. Mike and Amy cover: 

      1. Purpose of Budgeting (2:53)

      2. Analyze Current Spending (6:22)

      3. Prioritize Spending (7:39)

      4. Tools to Track Current Spending (8:51)

      5. Identify mandatory, discretionary, and infrequent expenses (11:37)

      6. Don’t get wrapped up in someone else’s process; do what works for you (17:56)

        7. 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.


        24 min
      7. Episode 004: Reducing Debt

        Episode 004 Debt

        In this show, Mike and Amy discuss the number 3 most popular New Years’ Resolution - paying down debt.  Mike and Amy cover: 

        1. The US consumer debt problem (2:09)

        2. Types of Debt (6:53)

        3. “Good” vs “Bad” Debt (8:37)

        4. Debt to income ratio and importance of having a debt management strategy (12:09)

        5. Debt heading into retirement (14:31)

        6. Approaches to paying down debt (16:40)

        7. Balancing savings and debt pay off goals (21:24)

          8. Then Amy summarizes the key concepts (24:07)

          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.

          28 min
        8. Episode 003: Saving More
          In this show, Mike and Amy discuss the number 2 most popular New Years’ Resolution - 2nd only to fitness resolutions - Saving more. Mike and Amy cover:
          The difference between savings and investments (2:59)
          Considerations for when to save vs when to invest (5:25)
          Savings for near term goals/ military retirement/ ultimate retirement (7:43)
          Emergency Fund Savings (12:09)
          Savings in cash/ cash equivalents (14:02)
          Types of accounts for savings (18:00)
          Then Mike summarizes the key concepts (19:12)
          Links:
          TreasuryDirect: https://www.treasurydirect.gov/
          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.
          23 min
        9. Episode 002: 5 Uncommon New Year Financial Resolutions

          Financial New Years’ Resolutions

          In this show, Mike and Amy continue to discuss New Years’ Resolutions and five of the most UNCOMMON financial resolutions people may not know can help them in the New Year and beyond.  We hit the highpoints of the following uncommon but useful financial resolutions:

          1. Visualizing Retirement (2:52)

          2. Insurance/ Protecting Your Family (7:09)

          3. Estate Planning (9:05)

          4. Health/ Dental/ Vision Insurance after military retirement (13:03)

          5. Tax Planning (18:26)

            6. 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.

            27 min
          6. Episode 001 - 5 Common Financial New Year's Resolutions
            Financial New Years’ Resolutions
            In this show, Mike and Amy discuss New Years’ Resolutions and five of the most common financial resolutions people set out to achieve in the New Year. We hit the highpoints of the following common financial resolutions:
            Save More (3:28)
            Reduce Debt (5:05)
            Invest More (7:17)
            Make a Budget/ Stick to a Budget (9:11)
            Save for College (14:02)
            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.
            21 min

          About Operation Retirement Readiness

          From the publisher's feed

          Amy & Mike, 2 CERTIFIED FINANCIAL PLANNER™ Professionals, talk about how military members can prepare for transition and how Veterans can prepare for ultimate retirement. Topics include: military benefits like SGLI, Survivor Benefit Program, Thrift Savings Plan, and GI Bill as well as budgeting, investing, taxes, and college planning.

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