The Veteran Finance Podcast

By Erik Baskin, CFP®, CEPA®, MBA

The Veteran Finance Podcast delivers actionable weekly financial planning strategies to help Veterans optimize their money to build purpose past the 9-5. Host Erik Baskin, CFP®, CEPA®, MBA is an Air F... more

Download on the App Store

Download on the App Store

Get it on Google Play

FAQs about The Veteran Finance Podcast:

How many episodes does The Veteran Finance Podcast have?

The podcast currently has 72 episodes available.

The Veteran Finance Podcast episodes:

December 06, 2023Whole vs. Term Life Insurance l E22
In this episode, I talk about the differences between whole and term life insurance, how to think about the principles of insurance, and how to decide what is the best policy for you.
‍
Time Stamps:
00:00-01:24: Intro

01:24-04:35: Differences between Whole and Term

04:35-05:22: Why Whole Life Insurance is Sold so Much

05:22-09:52: Why and When We Need Life Insurance

09:52-11:54: When Does Whole Ever Make Sense?

11:54-14:44 A Case Study

14:44-16:32: Conclusion

www.baskinfp.com/post/22-whole-vs-term-life-insurance

Resources:
⁠⁠⁠⁠Blog Post on Why Life Insurance is not an investment
---
⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Download the Ultimate Military Finance Checklist⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, with 7 pages of critical things to be thinking about to clarify your journey to financial freedom.
Think you might need some financial help? ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Book an intro call⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ with me to see if we would be a mutual fit.
Questions or comments, drop me a note at: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠[email protected]⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠
...more
17min
November 14, 2023How Military Families Can Save on Childcare with a Dependent Care FSA l E21
In this episode, I talk about Dependent Care FSAs, a new benefit now available to military families. I discuss what they are and how to think about using them in the context of your financial situation as well as childcare expenses in general.
‍
Time Stamps:
00:00-01:18: Intro

01:18-02:41: What a DCFSA Is

02:41-03:49: How to Qualify

03:49-07:27: When to Use It:

07:27-10:40: An Example

10:40-13:30 Conclusion and CTA

⁠www.baskinfp.com/post/21-dependent-care-fsas-for-military-families⁠

Resources:
⁠One Source on DCFSAs

Tax Brackets
---
⁠⁠⁠⁠⁠⁠⁠⁠⁠Download the Ultimate Military Finance Checklist⁠⁠⁠⁠⁠⁠⁠⁠⁠, with 7 pages of critical things to be thinking about to clarify your journey to financial freedom.
Think you might need some financial help? ⁠⁠⁠⁠⁠⁠⁠⁠⁠Book an intro call⁠⁠⁠⁠⁠⁠⁠⁠⁠ with me to see if we would be a mutual fit.
Questions or comments, drop me a note at: ⁠⁠⁠⁠⁠⁠⁠⁠⁠[email protected]⁠⁠⁠⁠⁠⁠⁠⁠⁠
...more
14min
November 07, 2023Does It Make Sense to Buy a House Right Now? l E20
In this episode, I talk about how to decide whether or not buying a house in a high interest rate environment makes sense for you and your family.
‍
Time Stamps:
00:00-2:12: Intro
2:12-5:31: Duration of Ownership
5:31-9:57: Does it Fit Your Budget
9:57-13:33: Housing Market Conditions
13:33-15:35: Conclusion

www.baskinfp.com/post/20-does-it-make-sense-to-buy-a-house-right-now

Resources:
NerdWallet Buys vs. Rent Calculator

Bankrate Mortgage Rates
---
⁠⁠⁠⁠⁠⁠⁠⁠Download the Ultimate Military Finance Checklist⁠⁠⁠⁠⁠⁠⁠⁠, with 7 pages of critical things to be thinking about to clarify your journey to financial freedom.
Think you might need some financial help? ⁠⁠⁠⁠⁠⁠⁠⁠Book an intro call⁠⁠⁠⁠⁠⁠⁠⁠ with me to see if we would be a mutual fit.
Questions or comments, drop me a note at: ⁠⁠⁠⁠⁠⁠⁠⁠[email protected]⁠⁠⁠⁠⁠⁠⁠⁠
...more
16min
October 31, 2023TSP and Aligning Your Money with Your Values with Brandon Lovingier the Enlisted Money Guy l E19
In this episode, I talk with Brandon Lovingier, the Enlisted Money Guy about investing in the TSP, military retirement, and aligning your money with your values.

Time Stamps:
00:00-01:35 Intro to Brandon

01:35-10:58 Investing in the TSP with and Without a Pension

10:58-12:32 Calculating Your “FI” Number

12:32-20:16 Protecting Loss of Life or Income with Insurance

20:16-28:38 How to think about the right amount of Risk for YOU

28:38-38:32 Matching your Money to What You Actually Want in Life

38:32-41:51 Conclusion
Resources:
Blog Post on Military Retirement

Start 100K⁠

⁠Your Virtual Paraplanner⁠

⁠Enlisted Money⁠

⁠Enlisted Money YouTube⁠

Email Brandon: ⁠[email protected]

www.baskinfp.com/post/19-retirement-and-aligning-your-money-with-your-values-with-brandon-lovingier
---
⁠⁠⁠⁠⁠⁠⁠⁠Download the Ultimate Military Finance Checklist⁠⁠⁠⁠⁠⁠⁠⁠, with 7 pages of critical things to be thinking about to clarify your journey to financial freedom.
Think you might need some financial help? ⁠⁠⁠⁠⁠⁠⁠⁠Book an intro call⁠⁠⁠⁠⁠⁠⁠⁠ with me to see if we would be a mutual fit.
Questions or comments, drop me a note at: ⁠⁠⁠⁠⁠⁠⁠⁠[email protected]⁠⁠⁠⁠⁠⁠⁠⁠
...more
42min
October 24, 2023 5 Year End Tax Planning Opportunities for Veterans to Consider l E18
In this episode, I talk about five key tax planning opportunities to consider before the end of the year to lower your lifetime tax bill.
‍
Time Stamps:
00:00-01:41: Intro
01:41-3:24: Withholdings and Estimated Payments
3:24-6:46: Capital Loss and Gain Harvesting
6:46-8:36: Roth Conversions
8:36-9:52: Retirement and HSA contributions
9:52-12:18: Charitable Contributions
12:18-13:41: Conclusion

www.baskinfp.com/post/18-5-end-of-year-tax-planning-opportunities
---
⁠⁠⁠⁠⁠⁠⁠Download the Ultimate Military Finance Checklist⁠⁠⁠⁠⁠⁠⁠, with 7 pages of critical things to be thinking about to clarify your journey to financial freedom.
Think you might need some financial help? ⁠⁠⁠⁠⁠⁠⁠Book an intro call⁠⁠⁠⁠⁠⁠⁠ with me to see if we would be a mutual fit.
Questions or comments, drop me a note at: ⁠⁠⁠⁠⁠⁠⁠[email protected]⁠⁠⁠⁠⁠⁠⁠

...more
14min
October 17, 2023 4 Essential Estate Planning Documents Every Veteran Needs l E17
In this episode, I talk about basic estate planning that all military and veterans need to get in place. This includes completed documents, avoiding probate with designated beneficiaries, and setting up a legacy drawer.

Time Stamps:
00:00-01:16: Intro
01:16-6:56: Documents
6:56- 8:56: Avoiding Probate
8:56-10:12: Legacy Folder
10:12-11:50: Conclusion

---
⁠⁠⁠⁠⁠⁠Download the Ultimate Military Finance Checklist⁠⁠⁠⁠⁠⁠, with 7 pages of critical things to be thinking about to clarify your journey to financial freedom.
Think you might need some financial help? ⁠⁠⁠⁠⁠⁠Book an intro call⁠⁠⁠⁠⁠⁠ with me to see if we would be a mutual fit.
Questions or comments, drop me a note at: ⁠⁠⁠⁠⁠⁠[email protected]⁠⁠⁠⁠⁠⁠
...more
13min
October 11, 2023VA Loans with Evan Kaufman from WeVett l E16
In this episode, I talk with 2013 USAFA Graduate and Air Force Veteran Evan Kaufman from WeVett. Evan and I discuss what he does at WeVett, some pros and cons of the VA loan, and considerations during military transition.

Time Stamps:
00:00-9:45: Intro to Evan and WeVett

9:45-28:35: VA Loan Myths, Pros, Cons

28:35-37:31: When a Conventional Loan Makes Sense

36:42-43:52: Loans During Military Transition

43:52-48:30: Summary and Wrap Up
Resources Mentioned:
WeVett

Evan’s LinkedIn Profile

BAH Mortgage Calculator

WeVett YouTube Channel
---
⁠⁠⁠⁠⁠Download the Ultimate Military Finance Checklist⁠⁠⁠⁠⁠, with 7 pages of critical things to be thinking about to clarify your journey to financial freedom.
Think you might need some financial help? ⁠⁠⁠⁠⁠Book an intro call⁠⁠⁠⁠⁠ with me to see if we would be a mutual fit.
Questions or comments, drop me a note at: ⁠⁠⁠⁠⁠[email protected]⁠⁠⁠⁠⁠
...more
49min
September 27, 2023Why an Emergency Fund Is Crucial in Light of a Government Shutdown l E15
In this episode, I talk about why having emergency savings is crucial to your financial health, especially in the face of a potential government shutdown or loss of income.

Time Stamps:
00:00-1:32: Intro

1:32- 2:09: What is an Emergency Fund

2:09-6:27: How Much to Hold

6:27-8:13: Where to Put Savings

9:39-11:30: Conclusion
Resources Mentioned:
⁠⁠⁠BankRate List of HYS Accounts
---
⁠⁠⁠⁠⁠⁠Download the Ultimate Military Finance Checklist⁠⁠⁠⁠⁠⁠, with 7 pages of critical things to be thinking about to clarify your journey to financial freedom.
Think you might need some financial help? ⁠⁠⁠⁠⁠⁠Book an intro call⁠⁠⁠⁠⁠⁠ with me to see if we would be a mutual fit.
Questions or comments, drop me a note at: ⁠⁠⁠⁠⁠⁠[email protected]⁠⁠⁠⁠⁠⁠
...more
12min
September 20, 2023Is the Reserves Worth It? l E14
In this episode, I talk about how to decide whether the Reserves or National Guard is worth it for you when you transition out of the military!

Time Stamps:
00:00-1:53: Intro

1:53- 7:47: Quantitative Considerations

7:47-12:26: Qualitative Considerations

12:26-13:11: Conclusion
Resources Mentioned:
⁠⁠Blog post on whether the Reserves or National Guard is worth it
---
⁠⁠⁠⁠⁠⁠Download the Ultimate Military Finance Checklist⁠⁠⁠⁠⁠⁠, with 7 pages of critical things to be thinking about to clarify your journey to financial freedom.
Think you might need some financial help? ⁠⁠⁠⁠⁠⁠Book an intro call⁠⁠⁠⁠⁠⁠ with me to see if we would be a mutual fit.
Questions or comments, drop me a note at: ⁠⁠⁠⁠⁠⁠[email protected]⁠⁠⁠⁠⁠⁠
...more
14min
September 13, 2023Why SGLI Isn't Enough: How to Get the Right Life Insurance Before You Transition l E13
In this episode, I talk about why getting life insurance in place before you transition out of the military is a critical decision to get right!

Time Stamps:
00:00-1:02: Intro

1:02-3:16: Why Life Insurance Is Critical During Transition

3:16-6:05: Determining Your Insurance Need

6:05-9:11: How VGLI is Much More Expensive than Commercial Term

9:11-10:16: How to Think About Financial Risk in Front of You

10:16-13:35: Conclusion and Action Items

Resources Mentioned:
⁠Blog Post on Life Insurance Before Transition
---
⁠⁠⁠⁠⁠⁠Download the Ultimate Military Finance Checklist⁠⁠⁠⁠⁠⁠, with 7 pages of critical things to be thinking about to clarify your journey to financial freedom.
Think you might need some financial help? ⁠⁠⁠⁠⁠⁠Book an intro call⁠⁠⁠⁠⁠⁠ with me to see if we would be a mutual fit.
Questions or comments, drop me a note at: ⁠⁠⁠⁠⁠⁠[email protected]⁠⁠⁠⁠⁠⁠
...more
14min

FAQs about The Veteran Finance Podcast:

How many episodes does The Veteran Finance Podcast have?

The podcast currently has 72 episodes available.