MILMO Show

Military married to military has its own sets of benefits and challenges. On one hand, you have great benefits and income but on the other, you have separations and a whole lot of planning and prep to make married and military life work. In this episode, I talk to Certified Financial Planner and veteran, Katie Cannon. Katie is a fee-only financial planner and founder of Money Pilot Financial Advis...

A military spouse's retirement is an important part of a military family's retirement planning. Thankfully more and more military spouses are taking advantage of using Individual Retirement Accounts or employer 401ks to save for their future. The challenge for military spouses is to decide what to do in situations where you have multiple 401k accounts because of your many job changes due to PCSing...

This week marks the 78th Anniversary of the signing of the GI Bill. The GI Bill benefit is right up there with free medical care when it comes to perks for serving in the military. The value of your Post 9/11 GI Bill benefit is not only big, the impact it can have on your future earnings and quality of life is even greater. Just like any planning for transitioning out of the military, there is som...

We talk a lot about saving for retirement but often not about drawing from all of your retirement savings when it comes time. The 4% rule is important when it comes to withdrawing your retirement savings each year. In this episode, I talk with Rob Berger about what the 4% rule is, how it came about, how it works and the impacts inflation can have on it. Rob is the host of the Financial Freedom Sho...

Do you know what the SBP decision is? If not, you're not alone. A lot of service members and spouses don't know it's a decision they will be faced with come retirement time. And many don't know the factors they should consider in the decision.  In this episode, I talk with a Survivor Benefit Plan expert, Kate Horrell about the questions you should know the answers to before you decide on whether o...

In honor of PCS season, I'm bringing back one of my popular shows to share with you. It's my interview with Christine Carol "C.C." Gallagher, the Founder of Military Quality of Life Consulting, LLC and the Stressless PCS Kit. C.C. and I have a great conversation filled with lots of great tips on how to reduce stress in your next PCS. I hope you enjoy this show. Show notes can be found here: https:...

Serving 20 years in the military comes with a pension and benefits that if planned out right can give you peace of mind and help your financial future. This episode is an encore of an interview with CFP, Kit Lancaster on how you can plan out your pension and benefits now to help reach your financial goals. Here is the encore of Mapping Out a Plan For Your Pension and Benefits. Show notes can be fo...

With inflation on the rise, everyone's looking at their money a little closer and ways to make every dollar go a little further. That includes your investments and savings. In this episode, I talked with Marine veteran and Certified Financial Planner Josh Bannerman about what you should know about I Bonds before investing in them. You may know Josh as OG on the Stacking Benjamins Podcast. Josh bre...

May is a big month for the military community. It's Military Appreciation Month, and that includes Military Spouse Appreciation Day and Mother's Day. Military spouses are the backbone of the military community. Now, I know I'm biased, but they keep the home fires burning and households functioning through all the transitions military life includes. They're the constant in PCSing, military schools,...

The first MilMoneyCon is done and I'm here to tell the tale for those that couldn't make it. Here's how it went. Show notes can be found here: https://laceylangford.com/podcast/ milmoneycon22-recap /

Past mistakes, hurt, and experiences can stay top of mind to the point we put them on replay. In this episode, I talk with Dr. John Delony about steps you can put on repeat to create a path to well-being to improve your finances, marriages, and relationships. Dr. John Delony is a national bestselling author, mental health and wellness expert, and host of The Dr. John Delony Show. He holds two PhDs...

Social Security is something we know is there but do you know what your benefits are, when you can receive them and how do you get them. In this episode, I talk with Social Security Expert, Lizna Odhwani about the ins and outs of Social Security. Liz is a Social Insurance Specialist at Social Security Administration. She shares the latest news on Social Security, how you can find answers to your s...

There are conversations we know we need to have but often avoid them because we know they are going to be difficult. You know the convo is going to lead to a fight, or someone being hurt or even. How can you have those hard conversions in a way that is productive? In this episode, I talk with difficult conversation experts Sheila Heen and Ivanka Diaz Canzius. Sheila has been teaching Negotiation a...

Taxes deductions are probably on your mind. You want as many as you can get but which ones can you take. And what deductions should military families know about? In this episode, I talk with military spouse, Sarah Bumgardner, the Member Benefits Coordinator with AAFMAA. We talk about tax deductions and ways military families can be prepared with their taxes. Sarah previously served AAFMAA as a Sen...

Careers paths aren't always straight and easy to navigate. In fact, for many veterans and military spouses, they're almost always filled with curves or are ones you have to carve along the way. That's the case for my guest, Alex Hopkin. Alex Hopkin, is an Accredited Financial Counselor®, Certified Financial Planner®, and is the founder of Simply Paraplanner, a job board website connecting financia...

I'm super stoked for this episode today. I'm sharing the latest and greatest details on MilMoneyCon22. If you haven't heard, I'm putting on a conference for financial professionals that are united by military service. It's happening April 21-23 at the Embassy Suites by Hilton Raleigh Durham Research Triangle in Cary, NC. And although it's nerve-wracking doing something new, I know amazing things a...

Service members separating and retiring from the military face a unique set of financial challenges. Challenges that can have lasting financial ramifications unless you prepare for them. In this episode, I talk with Dr. Ann James about the financial challenges veterans face, how you can better prepare for them before you get out, and resources you can use now. Dr. Ann James is a fellow Air Force v...

Making money as a military spouse is a mission in itself. We all know milspouse un and underemployment takes its toll on a military family's budget. To tackle the challenge many milspouses are thinking outside the box to create their own earning power. My guests did just a thing but on a big scale. In this episode, I talk with Lisa Bradley and Cameron Cruse the founders of the uber-successful hand...

Do you know a millionaire? If you said no, you're probably wrong. According to a 2021 report by Credit Suisse, there are almost 22 million millionaires in the U.S. That means you probably know a millionaire or two and they may even be in your neighborhood. In this episode, I'm talking with Brian O'Neill, CFP and Air Force veteran about the actions you can take to start working towards millionaire...

For most of us, buying a home is the single biggest spend we'll ever make. Buying a house costs a lot of money but do you know how much the house you're buying really costs? In this episode, Danetha Doe shares some of the costs that come with homeownership that you're probably not aware of until you've signed on the dotted line. Danetha is a writer and financial wellness educator for Clever. Cleve...

Taxes can be intimidating. There's a lot to understand. There are different types of income incomes to consider, different deductions, credits and a whole bunch more. In this episode, we talk about what you should know about the Advance Child Tax Credit. How it's different from the Child Tax Credit, the impacts of advance payments, what divorced couples should know, and how to plan and get help wi...

Blindly managing money isn't a good idea. Being mindful of your money can help you make smart financial choices, reduce stress, and reach your goals. In this episode, I talk with Tyson Koska about why having a mindful financial plan is important, how you can become more mindful and tools and resources to help. Tyson is an Army veteran where he served as a helicopter pilot. He is the founder of OnT...

Life is going to happen. And when it does, there's usually a financial ramifications for it. When you know challenges and opportunities are going to come up in life, how do you keep your finances flexible enough to adapt to those times? In this episode, my guest, Anne Lester talks about ways you can develop and sustain financial flexibility to keep your spending, saving, and investing on track dur...

Teaching money skills is something many people can do. That's what this episode is about, how to teach money skills to your family and community and the resources you can use to do it. My guest today, Rhonda Ashburn shares how military families can teach their children and communities about personal finance, tips to get your family interested in learning personal finance, and how their education c...

There's more to real estate investing than you think. Did you know you can invest in mobile homes? I didn't. In this episode, we talk about what mobile home investing is and how to invest in them. My guest, Rachel Hernandez is an author, Air Force milspouse, and real estate investor. As a former business-to-business sales executive for various Fortune 500 corporations, Rachel has extensive trainin...