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. Disclaimer: This podcast represents the views of the hosts and guests. It's for informational purposes only and should not be considered tax, financial, or leg ...
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Two People. One Mission. To help active duty, guard, reserves, and military spouses make a successful career transition into the world of financial planning. Welcome to the Military to Financial Planner podcast with your hosts, Forrest Baumhover and Daniel Kopp. Join them as they share their unique perspectives and career transition advice, help you leverage your military experience, be intentional about each step of your career journey, and ultimately build the post-military life and career ...
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Learning About the Planning Profession and Building College Planning Expertise with Mike Hunsberger
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40:29
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In this podcast episode, I sit down with Mike Hunsberger to learn more about his career journey across an Air Force career and launching his own RIA, Next Mission Financial Planning. He shares about his early experiences with being sold permanent life insurance and high fee mutual funds which led him to get more interested in personal finance. Than…
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Tax Preparation alongside Financial Planning, Teaching CFP Classes, and MQFP Update with Paul Allen
47:23
47:23
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I’m excited to have Paul Allen on the podcast today. In this wide-ranging conversation we discuss his first exposure to the financial services industry which rubbed him the wrong way and sparked an interest in doing his own financial planning work. Later on, Paul wanted to help educate fellow members of his military community so he got his CFP so h…
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Episode 017 - Blended Retirement System Continuation Pay
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22:26
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In this episode Mike and Amy continue their series on the military’s Blended Retirement System focusing on the mid-career Continuation Pay.Takeaways- Continuation pay is a mid-career retention tool in the Blended Retirement System (BRS) that incentivizes service members between their seventh and 12th years of service.- Continuation pay does not imp…
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Episode 016 - Blended Retirement System (BRS) Overview
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Summary The conversation discusses the blended retirement system (BRS) and its components, including the pension, TSP match, and continuation pay. The BRS was implemented in 2018 to modernize military compensation and retirement. The pension part of BRS is similar to the legacy system, requiring 20 years of service and basing the pension on the hig…
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Cross-border Planning and Military Spouse Careers with Stephanie Higgins
33:20
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In this podcast episode, I’m joined by Stephanie Higgins to talk about her journey into the financial planning profession. As a military brat as well as military spouse, she has spent a great deal of time overseas so we talk about the challenges of employment and building a career while OCONUS. I love hearing about her personal journey of learning …
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Episode 15: Mistakes to Avoid When Using the GI Bill
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19:28
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Episode 15 - Using the Post 9/11 GI Bill Benefit In this show Mike and Amy cover: Mistakes to Avoid when splitting Post 9/11 benefits among multiple beneficiaries (1:31) Advantages of transferring benefits to a spouse rather than children (5:15) Student Aid Index Considerations (6:48) Understanding the schools funding model (8:32) Leveraging the ho…
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DoD Skillbridge Transition to Financial Planning with Omen Quelvog
46:43
46:43
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I’m excited to welcome Omen Quelvog to the podcast today. If his name sounds familiar to you, it’s because we have talked about him on this podcast before when Sean Gillespie and I chatted about the DoD Skillbridge program and how Omen was the first MFAA Skillbridge intern. We cover a lot of ground in this episode including Omen’s own financial exp…
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GI Bill OverviewIn this show Mike and Amy cover: History of the GI Bill (1:26)Components of Post 9/11 GI Bill (3:21)Post 9/11 GI Bill Tuition Benefit (4:07)Yellow Ribbon Program (5:25)Housing Allowance Benefit (7:31)Length of benefit (10:01)Limitations of the benefit (12:05)Transferring Post 9/11 Benefit (12:37)When beneficiaries must use the benef…
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Episode 013: Traditional Vs Roth Retirement Accounts Part 2: Scenarios
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32:57
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In this show, Mike and Amy continue discussing Traditional and Roth Retirement Accounts looking at some scenarios when they might be best used: Mike and Amy cover: Roth Vs Traditional Retirement Accounts (01:44)Scenario #1 – Roth vs Traditional – Early military career (03:55)Scenario #2 – Roth vs Traditional – Post Retirement Second Career (04:55)R…
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Episode 012: Traditional Vs Roth Retirement Accounts
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In this show, Mike and Amy discuss the basics of Traditional and Roth Retirement Accounts, how they are different, and when you should consider using each. Mike and Amy cover: The Basics – Traditional Retirement Accounts (03:04)The Basics – Roth Retirement Accounts (04:48)Required Minimum Distributions, Withdrawals, and Penalties (06:16)When To Use…
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Networking, Reframing, & Doing Your Own Financial Plan with Arcelia Wicker
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44:57
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We continue the recent theme of podcast listeners becoming podcast guests as I’m joined by Arcelia Wicker on the episode today. He is a financial planner at Bay Capital Advisors in the Virginia Beach area. We chat about his personal experiences of personal finances and how going through Financial Peace University helped him and his wife get their o…
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Episode 11: 529 Accounts For College Savings
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28:50
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In this show, Mike and Amy the characteristics of 529s and how they might fit into your education funding goals. Mike and Amy cover: The two types of 529 Accounts (2:59) The pros and cons of each type of 529 (5:08) Types of qualified education expenses (6:30) 529s and scholarships/ penalty free withdrawals (13:08) State level tax benefits of 529s (…
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Passion, Perseverance, & Pivoting to Career Success with Roland McIntyre
35:31
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I’m grateful to have Roland McIntyre on the podcast for this episode. He is an XYPN member and founder of Mountaintop Wealth, his own fee-only RIA where he focuses on serving underrepresented and underserved communities including those in military or public service. We got connected awhile back and after meeting each other at XYPN Live last year, I…
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In this show, Mike and Amy discuss the Survivor Benefit Program. They’ll cover: Purpose of the Survivor Benefit Program (SBP) (3:17) Overview of SBP (5:13) Decision Timeline (12:43) SBP and DIC (14:55) Reserve Component SBP (16:35) CSB Redux SBP (18:06) Thoughts about how to make the decision (19:36) Links: Operation Retirement Readiness: www.oper…
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Episode 9: Servicemembers Group Life Insurance (SGLI) and Life Insurance
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18:26
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In this show, Mike and Amy discuss life insurance and Servicemembers Group Life Insurance (SGLI). Mike and Amy cover: SGLI Overview (2:12) How to calculate how much life insurance you might need Rules of thumb: 8-10 times income; 8-10 times expenses (3:57) DIME Method (6:05) Types of Life Insurance Term (7:50) Permanent (10:13) Links: Operation Ret…
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From the Army to the Wirehouse World to RIA with Amy King
39:05
39:05
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I’m excited to welcome Amy King on the podcast today. We start with her origin story that started with some fortuitous conversations about money and investing that ignited a passion for the subject and ultimately led her to the CFP while still on active duty. Through her personal network, she got a first job preparing taxes and doing paraplanning w…
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In this show, Mike and Amy discuss various spending profiles in retirement. A spending profile is a framework for how to think about retirement spending. Mike and Amy cover: Percentage of pre-retirement spending plus inflation (2:02) The Retirement spending smile (3:17) Go Go; Slow Go; No Go Phases of Retirement (8:56) Links: Operation Retirement R…
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Episode 7: Budgeting for Ultimate Retirement
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23:38
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In this show, Mike and Amy discuss the topic of budgeting for ultimate retirement. Mike and Amy cover: Why budgeting for ultimate retirement is critical (1:22))Spending Buckets: Needs/ Wants (6:09)Retirement income sources and impact on budgeting (10:28)Role of Annuities (12:58)Planning for other than day to day expenses (19:06)Links:Operation Reti…
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Experimenting with Service Models & Niches with Erik Baskin
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36:20
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Today I chat with Erik Baskin of Baskin Financial Planning. I still remember some of my first conversations with him back in the very early days of this podcast so it’s a full circle moment for both of us in this episode. Since launching his own RIA in 2021, while still on active duty, Erik has further refined his niche focus to go beyond just the …
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Episode 6: Budgeting for Military Retirement
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Episode 006 Budgeting for Military Retirement In this show, Mike and Amy discuss the dreaded top of budgeting. Mike and Amy cover: Importance of a Transition Budget (1:05)) Planning for new/ additional expenses (3:03) Timing of payments during transition from active duty into retirement (6:35) Changes in paycheck timing after transition (8:11) Spec…
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Episode 005 Budgeting Basics In this show, Mike and Amy discuss the dreaded top of budgeting. Mike and Amy cover: Purpose of Budgeting (2:53) Analyze Current Spending (6:22) Prioritize Spending (7:39) Tools to Track Current Spending (8:51) Identify mandatory, discretionary, and infrequent expenses (11:37) Don’t get wrapped up in someone else’s proc…
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Enlisted Money Guy & Paraplanning with Brandon Lovingier
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34:48
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Today we welcome Brandon Lovingier, the Enlisted Money Guy on the podcast. Brandon has created some really great content out there to serve his fellow servicemembers and shares his journey of financial successes and lessons learned. In addition to his prolific content creation, Brandon is also a virtual paraplanner - all while still being on active…
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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: The US consumer debt problem (2:09) Types of Debt (6:53) “Good” vs “Bad” Debt (8:37) Debt to income ratio and importance of having a debt management strategy (12:09) Debt heading into retirement (14:31) Approac…
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Jumpstarting Your Financial Planning Career with Matt Fizell
42:48
42:48
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I welcome Matt Fizell on the podcast today after admiring his work for quite awhile. Matt is the founder of his own RIA, Harmony Wealth based in Madison Wisconsin. But as we discuss in this interview, Matt took a circuitous route from his initial undergraduate training in financial planning, working in a broker dealer, finding out about fee-only fi…
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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 Fun…
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Episode 002: 5 Uncommon New Year Financial Resolutions
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26:43
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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: Visualizing Retirement (2:52) Insurance/ Protecting…
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Episode 001 - 5 Common Financial New Year's Resolutions
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20:16
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Financial New Years’ ResolutionsIn 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…
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Operation Retirement Readiness Preview. Full episodes launch in 2024.
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Career Change Hiring Success with Caleb Brown
40:10
40:10
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I’m honored to have Caleb Brown join us on the podcast today. Caleb is the co-founder of New Planner Recruiting, which we have mentioned several times on this podcast before. This recruiting firm specializes in sourcing, screening, and integrating financial planners in firms nationwide. He was named the Next Generation Influencer by Financial Plann…
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DoD Skillbridge, MFAA Updates, & MQFP with Sean Gillespie
37:18
37:18
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Today I welcome back Sean Gillespie to talk about some of the exciting things going on within the MFAA community. Specifically we dive into the details of Skillbridge integration within MFAA, our very first intern going through the program, and the vision for what comes next. For those of you who might not be that familiar with Skillbridge, this is…
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Military Spouse Career Evolution and Impact with Liz Plot
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41:12
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Today, we welcome Liz Plot, a fellow MFAA member to the podcast. She now runs her own RIA, Primas Financial Planning but as she shares in this episode, that was a long and winding journey to get there. And she certainly is surprised to be an entrepreneur. Liz talks about her learning growth over time, getting the professional education, volunteerin…
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Advice Only While Still Serving with Sam Lewis
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In this episode, we welcome Sam Lewis to talk about his different career path than all of our prior guests so far. Sam is currently the Recruiting and Retention Senior Enlisted Leader for the Delaware National Guard as well as the founder of his own RIA, SJL Financial. He has served in the Delaware Guard for more than 23 years in a variety of roles…
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Breaking into the Planning Profession with Becky Noss
35:54
35:54
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I’m pleased to welcome Becky Noss in this episode. She is a Lead Planner at Redeployment Wealth Strategies where she analyzes client situations, builds financial plans, meets with clients to help review implementation, and integrates across the entire RWS team. We talk about her career journey including her bachelors and masters in math, her experi…
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Both Sides of the ID Card and Building an Ideal Firm with Pam Bergeson
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38:30
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In this episode, we welcome Pam Bergeson to the podcast as she shares about her varied military career and now second career as a financial planner. Pam is the founder of Tailwind Financial Planning where she specializes in serving dual military officers and senior military leaders in their career transition. Over her thirty-year military career, P…
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Pivoting to Best Career Fit with Derek Merkler
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41:46
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Derek Merkler joins us today to talk about his career journey. After his initial 8 years in Army aviation, Derek started out in financial planning working for a firm where he cut his teeth in the profession. He realized that there aren’t many financial advisors who work primarily with veterans to put together comprehensive and holistic plans and bu…
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Coaching, Counseling, & Mentoring with Andi Wrenn
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In this episode, I’m chatting with my friend and colleague, Andi Wrenn. She has been involved at the intersection of personal finance and military life for many years now. Andi is an AFC as well as having a masters in marriage and family therapy that helps inform her work with clients. It might surprise you to know that Andi is a career changer hav…
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CFP Study & Exam Success with Adam Scherer
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43:48
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I’m excited to welcome Adam Scherer on the podcast. He is a CFP and EA as well as having two masters degrees including in personal financial planning. In addition to running his own RIA, Adam has been a professor teaching CFP curriculum for many years. One of his primary current roles is as Vice President of Product Development and Innovation at Th…
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Discovering the World of Personal Finance with Adrienne Ross
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36:50
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I’m excited to welcome Adrienne Ross on the podcast. She is a CFP, ChFC, and AFC as well as the founder of Clear Insight Financial Planning based in Washington state. Adrienne shares her personal journey as a young military spouse discovering personal finance to de-mystify the whole process. As she learned she shared her knowledge with other milita…
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Nancy Bleeke joins the podcast to talk all about the power of sales in one of my favorite recent conversations! While she’s always been entrepreneurial, finding a passion in sales was never the plan. Who would ever want to be “in sales”? she thought. Yet, she found her calling helping people who also never saw themselves in sales, succeed in sellin…
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Today on the podcast we welcome Brian O’Neill; CFP, and founder of Winged Wealth Management and Financial Planning. Brian launched his firm in early 2021 after retiring from the Air Force with a specific focus on working with military pilots. Brian flew F-16s and F-35s while on active duty, served as Weapons School instructor, and commanded in vari…
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Financial Coaching - Stacy Stacy Livingstone-Hoyte's Career
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37:28
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Today on the podcast we welcome Stacy Livingstone-Hoyte; personal finance counselor, coach and founder of Financial Care Today. Over her financial life and career she’s had a variety of experiences including understanding money as an immigrant to the US, working in a variety of wirehouses, broker dealers, and insurance companies. There was a lot to…
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Advancing the Profession - Sean Gillespie's Career (Part 2)
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This is the second part picking up from our last episode with Sean Gillespie of Redeployment Wealth Strategies so if you haven’t listened to that episode first, stop and go ahead to do that first. For everyone else, I love hearing Sean’s passion in this episode as he and Paul Allen decided to join forces, the evolution and growth in both clients an…
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Winding Path to Success - Sean Gillespie's Career
36:48
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In this first part of a two-part episode, I am talking with Sean Gillespie who is the co-founder and partner at Redeployment Wealth Strategies, an RIA based in VA Beach that specializes in serving military families. In this episode Sean shares his journey how he in many ways stumbled into the profession of financial planning and what his early expe…
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David Kakish is the President and CEO of RIA Workspace. He is an author, successful entrepreneur, and an advocate for better, more secure IT. It’s his belief that small and midsize Registered Investment Advisors and Financial Advisors are different than other businesses. He likes to think of these RIAs as the Small Giants in the financial services …
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Military Scholarships from The American College of Financial Services
39:24
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Rick Nail joins us on the podcast today to talk about the amazing scholarships for the military community from the American College of Financial Services Center for Military and Veteran Affairs. He shares about what the college is about, the history of the school, programs/certifications offered, etc. as well as diving into all the details of the s…
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Empowering Women Clients: Michelle Petrowski Interview
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40:03
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Michelle Petrowski joins us on the podcast to share about her journey as a career changer into financial planning, her work as a CFP and CDFA in the divorce space, the opportunities she had to help military families along the way, and what her firm is like now working with empowering women with both financial planning and life coaching. What I love…
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Financial planning represents a classic kind of knowledge profession. As such, there is almost an infinite amount of information out there that you can continue to learn and grow to become better at your craft. Being constantly curious is a key skillset to succeed in this profession. I get asked frequently what are some of my favorite resources tha…
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Career Changer Advice: Daniel Yerger Interview
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Listen in this interview as Daniel Yerger shares his career journey from PSYOPS Army life to career changer into financial planning, now owning his own firm, teaching investment planning, and pursuing his PhD. He also recently published a new book on career-changing into financial planning that is a must-read for learning about the nuances, challen…
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Lacey Langford's Career Journey + MilMoneyCon!
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MilMoneyCon is a new conference hosted by Lacey Langford for financial professionals united by military service. Our mission is to bring together service members, veterans, and military spouses to help build and progress their careers, continue their education, and grow their earning power as practicing or rising financial professionals. https://mi…
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