Did you know your military pension is worth over $1 million? Most service members approaching retirement don't realize they're already work optional - and that changes everything about the decisions you should be making right now.

In this episode, retired Marine and CFP Omen Quelvog reveals why the highest-paid contractor job might be the worst choice for your future, how to discover what you're actually curious about (not just good at), and why you need to attend TAP twice. Plus: the new TSP Roth conversion opportunity that could save you hundreds of thousands in taxes.

Key Topics Covered

Transition Planning

Financial Strategy

TSP Roth Conversions

Career & Lifestyle

Finding Financial Help

Resources & Links

• Military Financial Advisors Association (MFAA) - Fee-only CFPs with military background https://militaryfinancialadvisors.org/
• Fee-Only Network - Directory of fee-only advisors https://www.feeonlynetwork.com/
• Nectarine - Book CFP consultations https://www.hellonectarine.com/
• TSP Roth Conversion Calculator https://www.tsp.gov/calculators/tsp-roth-in-plan-conversion-calculator/#panel-1

Connect with Omen:

• Fororer Wealth Management - Omen's fee-only financial planning practice https://4myndr.com/
• The Fiscal Foxhole Podcast - Omen Quelvog & Rob Moore https://fiscalfoxhole.com/

 

Spencer and Jamie offer one-on-one Military Money Mentor sessions. Get your personal military money and personal finance questions answered in a confidential coaching call. militarymoneymanual.com/mentor

Over 20,000 military servicemembers and military spouses have graduated from the 100% free course available at militarymoneymanual.com/umc3

In the Ultimate Military Credit Cards Course, you can learn how to apply for the most premium credit cards and get special military protections, such as waived annual fees, on elite cards like The Platinum Card® from American Express and the Chase Sapphire Reserve® Card.

• https://militarymoneymanual.com/amex-platinum-military/

• https://militarymoneymanual.com/chase-sapphire-reserve-military/

Learn how active duty military, military spouses, and Guard and Reserves on 30+ day active orders can get your annual fees waived on premium credit cards in the Ultimate Military Credit Cards Course at militarymoneymanual.com/umc3

If you want to maximize your military paycheck, check out Spencer's 5 star rated book The Military Money Manual: A Practical Guide to Financial Freedom on Amazon or at shop.militarymoneymanual.com.

Want to be confident with your TSP investing? Check out the Confident TSP Investing course at militarymoneymanual.com/tsp to learn all about the Thrift Savings Plan and strategies for growing your wealth while in the military. Use promo code "podcast24" for $50 off. Plus, for every course sold, we'll donate one course to an E-4 or below- for FREE!

If you have a question you would like us to answer on the podcast, please reach out on instagram.com/militarymoneymanual.