veteranaffairs

When it comes to financial stuff, the US government usually gets a bad rap. But the Federal Employees Retirement System Thrift Savings Plan (FERS TSP) is a major exception. Ben and Nate field a question from a US Air Force Reserves flight doctor about how to invest in the TSP. Tune in to learn why this 401k-like plan is so awesome and why one of the funds in the lineup is so unique it’s worth a second look. Listen to the end where we weave together the best parts of the TSP with an after-tax account to come up with a unique strategy to save our hard working federal physicians a whole bunch of taxes.

 

IN THIS EPISODE

 

• [1:18] What is the FERS Thrift Savings Plan?
• [2:02] What’s good about the TSP? Is it better than a 401k?
• [3:33] Nate breaks down the different aspects of a TSP. 
• [6:21] What would Ben recommend for the Flight Doctor who emailed in regarding his TSP?
• [8:32] What is the L fund (Lifecycle Fund)?
• [9:33] How should physicians use the G fund if it’s right for them?
• [10:58] Ben walks through a realistic example and discusses how to make decisions.
• [13:25] Pro-tip for physicians who work in the military/VA. 

 

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NOTICE

 

Physician Family Financial Advisors Inc., a registered investment advisor, has reasonable belief that the information and content as a whole does not include any false or materially misleading statements or omissions of facts regarding services, investments, or client experience. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and, unless otherwise stated, are not guaranteed. Information expressed does not take into account the specific situation or objectives of individuals and is not intended as recommendations appropriate for all individuals. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation.  Past performance is not indicative of future performance.

Kim Mitchell - Navy Veteran & Nationally Recognized Veteran Advocate

Kim would tell you it was her past that has defined her purpose in life. Rescued as a baby from an orphanage in Vietnam by a US Air Force Sergeant, she grew up in Wisconsin. This upbringing shaped Kim’s approach to life. She attended the Naval Academy and served 17 years as a Surface Warfare Officer. But her service didn’t stop there. She has incredible passion for veterans, military members and their families and has dedicated her entire career serving this community.  She is on the board of numerous nonprofit boards including the Vietnam Veterans Memorial Fund and Woody Williams Foundation. Kim is currently the Senior Vice President for Military Veteran and Government Affairs for National University.

About National University

Founded 50 years ago by a retired Navy captain who saw a need for a different model for higher education. He created a 30 day course, which allowed at the time for those deploying to Vietnam the ability to take a class prior to deploying. This is still the model followed today. “National University is among the largest, private, nonprofit universities in California. With more than 180,000 alumni, National University is dedicated to making lifelong learning opportunities accessible, challenging, and relevant to a diverse population of students.”

Learn More

LinkedIn: https://www.linkedin.com/in/kimberly-mitchell-306b0b2b/

National University: https://www.nu.edu/

 

VeteranCrowd Network

Our "forever promise" is to build the veteran and military spouse community a place to connect and engage. VeteranCrowd is simply a national network of veterans, veteran led businesses and the resources they need to prosper. Subscribe to stay in touch, or consider if Individual or Corporate Membership in the Network is a fit for you.

About Your Host

Bob Louthan is a VMI Graduate, Army veteran, and executive with over 25 years of experience in mergers, acquisitions and private capital formation. He founded the VeteranCrowd Network to bring veterans and veteran-led businesses together with each other and the resources they need to prosper.

 

A Heather French Henry interview *needed* to be released in honor of Veterans Day week. 

This was a dream come true interview for me to do, as Heather French Henry has been my favorite Miss America since beginning my MAO journey back in 2012. I have always marveled at how she took her year as Miss America 2000 and launched it into a career (and lifestyle) of helping veterans, combating veteran homelessness, giving a voice to female veterans, helping to close gaps in veteran healthcare, and more. She is a fierce woman who took the opportunities in front of her and made pure gold -- furthermore, she made it her mission to share that gold with others. 

Heather is the only woman to have served as Commissioner of the Kentucky Department of Veteran Affairs, launched her own charitable foundation, runs several businesses, wrote a handful of children’s books, is a fashion designer, a philanthropist, an advocate, a mother, and so much more. 

When Bert Parks famously sings, “she’s your ideal,” Heather certainly nails that description. Tune in to this episode to find out why! 

 

This episode is sponsored by: The ONA Boutique! Head to theonaboutique.com and use code IMPACT for free shipping on your order today!

 

Today on the show we discuss an issue that brings the left and right together ... our governments failure to effectively care for our veterans, Rick Perry proves that politics are not clear cut, beer is being made from recycled sewage and Funkhouser tell us which ride sharing service comes with free tacos

Today on the show we discuss an issue that brings the left and right together ... our governments failure to effectively care for our veterans, Rick Perry proves that politics are not clear cut, beer is being made from recycled sewage and Funkhouser tell us which ride sharing service comes with free tacos