The Military Money Manual Podcast

Hosted by Spencer Reese from MilitaryMoneyManual.com

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235

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Jun 2026

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About the show

Military Money: Investing, spending, saving, financial freedom, and getting out of debt. Real world tactics and strategies for active duty, Guard and Reserve, military spouses, veterans, enlisted, and officers. The Military Money Manual Podcast is all about achieving financial independence while you serve in the US military. Spencer and Jamie, Air Force officers, share everything you need to know to achieve your financial goals while you serve in our Armed Forces. Learn about Military Credit Card annual fee waivers exclusively for active duty, Guard, Reserve, and military spouses in the Ultimate Military Credit Cards Course at https://militarymoneymanual.com/umc3 Find Spencer's 5-star rated book, The Military Money Manual: A Practical Guide to Financial Freedom on Amazon or https://shop.militarymoneymanual.com Special military credit card benefits, points and miles, investing in the TSP, financial independence, retiring early, military FIRE, maximizing military pay, deployment finances: Jamie and Spencer cover it all. Your hosts are Spencer Reese and Jamie. Spencer served for 12 years in the US Air Force flying C-17 aircraft around the globe. Jamie is currently an active duty Air Force officer.

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June 15, 202654 min

Deployment Money & Survival Guide for Military Spouses | Wives of the Armed Forces #233

Spencer sits down with Jen from Wives of the Armed Forces to talk about the real side of deployment no one prepares you for: how to build your support system, spend money without guilt, avoid resentment, and actually come out the other side stronger as a couple and a family. Topics Covered The Two Deployment Mindsets — Grind mode vs. survival mode, and how to figure out which one fits your season Giving Yourself 24 Hours — Why you need to sit in the hard feelings before jumping into action mode Buying Back Your Time — House cleaners, grocery delivery, nannies, and why paid help is sometimes the smartest financial decision you can make Combat Zone Tax Exclusion — How a deployment can increase take-home pay and where that extra money should go Per Diem Conversations — How to have the "how much of this is yours vs. ours" talk before resentment builds up The Slam Clicker Problem — Balancing crew culture and going out with budgeting as a team Leaning on Neighbors — Why asking for help actually builds stronger relationships, and how to get comfortable saying yes Reserve vs. Active Duty Deployment Differences — How the experience differs and how to tap into the broader civilian community for support On-Base Resources — MWR childcare hours for deployed families, on-base playgrounds, and the new children's museum at JBLM Give Parents a Break (GPAB) — $40/month per child in childcare support for families with a deployed service member SGLI and VRED — Making sure life insurance is maxed ($500K) and all documents are copied before departure TRICARE Changes on Activation — How Reserve TRICARE costs drop when a service member activates MLA Database & Credit Card Fee Waivers — Step-by-step: how to check eligibility and apply for annual fee waivers on Amex, Chase, Citi, US Bank, and Bank of America cards SCRA Benefits — How to get annual fees waived on cards opened before active duty, including the Capital One Venture X timing trick The Monthly Money Meeting — Ramit Sethi's approach to keeping finances connected across the distance Lifestyle Inflation — Why income level doesn't determine financial health, and the trap of spending expanding to match earnings Freezer Meal Strategy — How Jen prepped 32 meals for under $2.50 each to avoid convenience food spending during solo parenting Military Spouses as CFO — Reframing the home front role as a financial contribution, not just a sacrifice Resources & Tools Mentioned wivesofthearmedforces.com — Community, blog, and Instagram for military spouses; free deployment checklist available (search "Wives of the Armed Forces deployment checklist") Military OneSource — Benefits, counseling, and support resources for military families care.com — Vetted nanny and caregiver search; free or discounted for military families Walmart Plus — Grocery delivery; Amex Platinum travel credit can cover the membership Rocket Money — Budgeting and spending tracker (Jen's go-to for daily financial check-ins) MLA Database (DMDC) — Search "MLA database single record search" to check eligibility for credit card annual fee waivers militarymoneymanual.com/umc3 — Free Ultimate Military Credit Cards course covering MLA and SCRA fee waivers shop.militarymoneymanual.com — The Military Money Manual book (use code PODCAST for a discount) Books Mentioned Money for Couples by Ramit Sethi — How to have productive money conversations as a team; includes the monthly money meeting framework The Seven Principles for Making Marriage Work by John Gottman — Relationship exercises that work great done remotely during deployment Find Jen and the Wives of the Armed Forces community on Instagram and Facebook. Download their free deployment checklist at their website. 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 22,000 military servicemembers and military spouses have graduated from the 100% free, Ultimate Military Credit Cards Course available 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. If you have a question you would like us to answer on the podcast, please reach out on instagram.com/militarymoneymanual. 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 22,000 military servicemembers and military spouses have graduated from the 100% free, Ultimate Military Credit Cards Course available 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. If you have a question you would like us to answer on the podcast, please reach out on instagram.com/militarymoneymanual.

June 8, 202647 min

PCS Season Payoff: How Military Families Turn Moving Expenses Into Free Vacations #232

20,000 Dollars, 4 Cards, 400,000 Points. Spencer Reese of the Military Money Manual podcast sits down with Taryn from The Military Travelers to break down how military families can turn PCS moving expenses into free travel — without spending a single extra dollar. From sign-up bonuses to Hyatt Globalist status, this episode is packed with practical strategies for the upcoming PCS season. Topics Covered PCS Season Spending Strategy — Why PCS moves generate $10,000–$20,000+ in spendable expenses and how to redirect that spend to hit credit card sign-up bonuses GTC vs. Personal Cards — The frustrating reality of the Government Travel Card and why (for most branches) personal cards make more sense Branch-Specific Rules — Important caveats for Navy families and other branches regarding on-post lodging forms and card usage policies The Math of Points — Why putting PCS spend on one existing card (like the Amex Platinum at 1X) leaves massive value on the table compared to opening new cards Business Cards for Military Families — How a PPM qualifies you as a sole proprietor, why business cards don't hit your personal credit report, and how the Chase 5/24 rule makes them essential for bigger families Current Elevated Offers — Hot cards highlighted: Chase Sapphire Reserve (150K points), Atmos Summit (100K points + 3X on foreign transactions), United Club, Marriott Brilliant, Hilton Aspire, and Delta Reserve TLE Maximization — Using all 21 days of Temporary Lodging Expense, loyalty numbers, and stacking hotel promos during your move Hyatt Globalist Corporate Challenge — How a .mil email address unlocks Globalist status after 20 nights in 90 days (valid through February 2028) Multiple Cards Strategy — Holding multiple Hilton Aspires and Chase Sapphire Reserves, and the tip to align annual free night certificate expiration dates Military Spouse Eligibility — A reminder that spouses are fully eligible for annual fee waivers under MLA/SCRA Resources Mentioned The Military Travelers — themilitarytravelers.com | Facebook Group: "The Military Travelers" | Instagram: @themilitarytravelers Travel Freely (travelfreely.net) — Zach's beginner's guide to business cards and sole proprietor applications IRS EIN Application — Free Employer Identification Number at irs.gov (2-minute online form) Hyatt Globalist Corporate Challenge — Search "Hyatt Globalist Corporate Challenge" and enroll with a .mil email 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 22,000 military servicemembers and military spouses have graduated from the 100% free, Ultimate Military Credit Cards Course available at militarymoneymanual.com/umc3 Military Money Manual may receive compensation from JPMC. Opinions expressed here are author's alone, not those of any bank, credit card issuer, airlines or hotel chain. 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. If you have a question you would like us to answer on the podcast, please reach out on instagram.com/militarymoneymanual.

June 1, 202643 min

Coast Guard Academy Graduation Talk: Money Playbook for New Military Officers #231

Most new officers will blow their first paycheck on too much car, too much apartment, or too much wedding. Don't be most officers. This episode is your 60-minute shortcut to building wealth, freedom, and financial confidence from the moment you commission. Host Joe Brown of Always Ready Financial Planning sits down with Spencer Reese (Military Money Manual) and Rob Shaye (Institute for Leadership / Fireside Finances) to deliver a financial fast-start guide for newly commissioned officers. The conversation covers everything from compound interest to avoiding the biggest wealth killers in military life — and why getting the basics right early beats chasing shortcuts forever Topics Covered Why Personal Finance Can't Wait — The cost of delaying good money habits and why commissioning is the perfect moment to get the vector right The Power of Compound Interest — How $500/month invested over 40 years at 10% can grow to $3 million, and what that means for your 30s and 40s, not just retirement Financial Discipline as Leadership — Why money stress is a distraction from leading your people, and how a clean financial house makes you a more present and effective officer The #1 Wealth Killer: Too Much Car — Why junior officers buy more car than they should, and how delaying that purchase by a few years changes everything The Three Biggest Wealth Destroyers — Expensive cars, oversized apartments, and fast weddings that end in divorce TSP Basics Done Right — Start contributing immediately, bump it to 10–15%, and put it in the Lifecycle Fund (L2070/L2075) — then mostly leave it alone Roth TSP vs. Roth IRA — Why the Roth accounts are the right choice for most junior officers, especially given the tax-free housing and sustenance allowances Combat Zone Tax Exclusion (CZTE) — The "triple tax advantage" of contributing tax-free combat pay into Roth accounts that grow and distribute tax-free Avoiding TSP Get-Rich-Quick Distractions — Day trading the TSP, Robinhood accounts, and newsletter schemes: why consistent singles beat swinging for the fences Business Cards & Business Cards — Why 90% of active fund managers can't beat index funds over 10–20 years, and why you don't need to either Post-9/11 GI Bill Strategy — How to transfer the GI Bill to dependents, why timing matters, and why it can be worth $400,000–$500,000 if handled correctly Military Grad School — Going to graduate school while still getting paid and preserving your GI Bill for your family Living Like the Rank Below You — The "live like an O-2 when you're an O-3" mindset and how each promotion is an investment opportunity Time as Wealth — The concept of being a "time billionaire" and balancing saving with creating memories in your 20s and 30s Resources Mentioned Related Military Money Manual Podcast episodes — Episode 132 (financial guide for new officers) and Episode 2 (deep dive on the TSP); available on Apple Podcasts, Spotify, Amazon TSP Lifecycle Funds — tsp.gov (L2070 or L2075 recommended for the Class of 2026) Always Ready Financial Planning — alwaysreadyfp.com | joe@alwaysreadyfp.com Fireside Finances (Rob Shaye) — rob@firesidefinances.com | LinkedIn: Robert Shaye Military OneSource — militaryonesource.mil (general military financial resources) Spencer Reese — spencer@militarymoneymanual.com | Instagram: @militarymoneymanual 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 22,000 military servicemembers and military spouses have graduated from the 100% free, Ultimate Military Credit Cards Course available at militarymoneymanual.com/umc3 Military Money Manual may receive compensation from JPMC. Opinions expressed here are author's alone, not those of any bank, credit card issuer, airlines or hotel chain. 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. If you have a question you would like us to answer on the podcast, please reach out on instagram.com/militarymoneymanual.

May 25, 202655 min

Travel for Free with Jason Steele #230

Jason Steele hasn't paid for a flight or hotel in 20 years — and he has a family of five. In this episode, the credit card expert, Card Con founder, and author of Travel for Free breaks down exactly how military service members can build a sustainable points and miles strategy, avoid the money traps that sink young service members, and why the best card s help you travel for free. Spencer Reese sits down with Jason — a freelance credit card expert, founder of Card Con, and author of Travel for Free — to talk travel, military credit card benefits, and building a sustainable points strategy. Topics Discussed How Jason got into Points & Miles consulting — after years of writing about award travel, people kept asking him to just tell them what to do; he turned that demand into a consulting practice What makes a great consultation client — financially responsible, pays statement balances in full, has some flexibility with cards, and is genuinely excited about travel Sustainable travel engineering over a military career — opening one card per year per spouse = up to 40 cards over a 20-year career with no annual fees and millions of points American Express and military fee waivers — Amex tends to be the most accessible issuer for young active duty members; Jason's own daughter (USAF Academy cadet) was immediately approved for the Platinum card The biggest financial mistake young service members make — buying too much car too early; the Hellcat in the parking lot vs. the Corolla driven by the commander Brokerage accounts vs. credit card rewards — a brief nod to the value of flexibility in personal finance, mirroring themes from other episodes Managing multiple credit cards — auto pay, spreadsheets, and apps like Card Pointers; focus on big-win credits first (Chase Sapphire Reserve $300 travel credit, Hilton free night certs) before chasing $7 Dunkin credits Amex Platinum airline credit — buy refundable Southwest tickets under $100, cancel within 24 hours; the credit triggers and the refund posts Redeeming points for others — using miles to fly family members to visit you overseas; points can be redeemed in anyone's name at no extra cost Best sweet spots mentioned — ANA (All Nippon Airways) miles for business class to Japan and Africa; United Polaris via Chase Ultimate Rewards transfer; Southwest companion pass Jason's book, Travel for Free — written for beginner to intermediate award travelers; includes personal stories, client case studies, and travel "recipes" (reusable booking frameworks for common trip types) The "how much would you travel if it were free?" question — Jason's framing for why this hobby is worth building Resources Mentioned JasonSteele.com https://jasonsteele.com— book a free 50-minute award travel consultation; link to Travel for Free Travel for Free: How to Use Points and Miles to See the World — available on Amazon Card Con https://jasonsteele.com— Jason's annual conference for credit card media professionals Card Pointers https://cardpointers.com/military— app for tracking credit card benefits and coupon book credits (military discount available) Chicago Seminars & Frequent Travel University — large conventions for award travel enthusiasts Slick Deals, Nav, SoFi — outlets where Jason currently publishes points valuations and credit card content Military Money Manual Podcast Ep. 217 — Jared Mausi flying his mom to Rome in business class using points 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 22,000 military servicemembers and military spouses have graduated from the 100% free, Ultimate Military Credit Cards 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/ Military Money Manual may receive compensation from JPMC. Opinions expressed here are author's alone, not those of any bank, credit card issuer, airlines or hotel chain. 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. If you have a question you would like us to answer on the podcast, please reach out on instagram.com/militarymoneymanual.

May 18, 202648 min

Rob Moore on Roth IRA Conversion Ladders to Fund Early Retirement #229

What if you could retire from the military at 50, bridge a decade of income, and pay less in taxes than you ever expected? It sounds too good to be true — but it's written right into the tax code. Spencer and Rob walk through exactly how a Roth conversion ladder works, who it's built for, and whether a simple brokerage account might actually beat it. Spencer Reese interviews Rob Moore, Army veteran, CFP candidate, and founder of Everman Wealth and Prosperity. Topics Discussed What a Roth Conversion Ladder is — moving funds from a traditional IRA to a Roth IRA each year before military retirement to create penalty-free supplemental income during the bridge period between military retirement and age 59½ Who it's for — service members retiring before 59½ who need to bridge their income gap, and those in the FIRE community with lower taxable income Contribution vs. Conversion — contributions can be withdrawn penalty/tax-free anytime; conversions require a five-year waiting period per conversion year The Five-Year Rule — each conversion starts its own five-year clock on January 1st of the conversion year; after five years, the converted amount can be withdrawn penalty and tax-free TSP limitations — Roth conversion ladders live entirely in the IRA universe; TSP rules are different and don't qualify (though the new TSP Roth conversion feature, live in 2026, is noted as a separate benefit) Practical example — a service member at age 49, five years from retirement, converts $20,000/year; at retirement (age 54), the first conversion is available penalty/tax-free, with each subsequent year unlocking the next rung Alternatives to the Roth ladder: Rule 72(t) / SEPP — rigid but allows early retirement account access Rule of 55 — penalty-free TSP access if retiring in the year you turn 55 Taxable brokerage account — flexible, no rules, and often more tax-efficient than people assume Brokerage vs. tax-deferred comparison — Rob's case study on a retiring O-5 showed the brokerage account came out ~$13,000 ahead in aggregate taxes over 16 years vs. a Roth conversion ladder strategy Tax bracket inflation adjustment — a reminder that brackets adjust for inflation, so projecting future RMD tax burden in today's dollar terms overstates the hit Backdoor Roth contributions — briefly mentioned as an option for those without existing traditional IRA funds; subject to the same five-year conversion rule and annual limits ($7,500/person, $15,000/couple in 2026) Resources Mentioned Fiscal Foxhole Podcast https://www.instagram.com/fiscalfoxhole— co-hosted by Rob Moore and Oman Quavo; available on all major podcast platforms Everman Wealth and Prosperity https://www.prosperwitheverman.com/— Rob's financial planning firm (Northern Virginia, fee-only) How Tax-Advantaged is Tax-Deferred? https://www.prosperwitheverman.com/podcastarticles/how-tax-advantaged-is-tax-deferred— Rob's article comparing brokerage vs. tax-deferred retirement savings Moneychimp.com http://www.moneychimp.com — simple compound interest/tax calculator mentioned by Spencer Military Money Manual Podcast Ep. 216 — prior interview with Oman Quavo Military Money Manual Podcast Ep. 162 — backdoor Roth IRA deep dive with Brian Alf O'Neill of Winged Wealth 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 22,000 military servicemembers and military spouses have graduated from the 100% free, Ultimate Military Credit Cards 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/ Military Money Manual may receive compensation from JPMC. Opinions expressed here are author's alone, not those of any bank, credit card issuer, airlines or hotel chain. 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. If you have a question you would like us to answer on the podcast, please reach out on instagram.com/militarymoneymanual.

May 11, 2026Episode 1015 min

Save Aggressively, Retire Optionally | 5 Minute Military Money 10/10 #228

Episode 10: Save for Rapid Financial Independence — (10-part series finale) Jamie and Spencer close out their beginner-friendly 10-step series with the final move: saving aggressively to fast-track financial independence (FI). Topics Covered Quick recap of all 10 steps in the series (from getting the 5% Roth TSP match → building a life you want → saving enough to rapidly achieve FI) What financial independence actually means: living off your accumulated assets The 4% safe withdrawal rate and the Trinity Study (1998), pioneered by Bill Bengen How savings rate dictates years to FI: 2% → 85 yrs, 10% → 50 yrs, 15% → 41 yrs, 20% → 36 yrs, 30% → 25 yrs, 40% → 20 yrs, 50% → 17 yrs FI as optionality, not forced retirement — career flexibility, caregiving, sabbaticals, starting a business, going back to school Stat: 58% of people retire sooner than planned (health, job loss, organizational changes, unhappiness) Why not to rely solely on Social Security Military-specific advantages: low expenses on deployment, tax breaks, and stacking VA disability + pension on top of personal savings Avoiding lifestyle inflation as income grows Resources Mentioned Savings-rate-to-years-of-work chart — page 35 of Spencer's book The Military Money Manual Trinity Study, Journal of Financial Planning (1998) — Bill Bengen's 4% rule Instagram: @MilitaryMoneyManual Email: podcast@militarymoneymanual.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 22,000 military servicemembers and military spouses have graduated from the 100% free, Ultimate Military Credit Cards 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/ Military Money Manual may receive compensation from JPMC. Opinions expressed here are author's alone, not those of any bank, credit card issuer, airlines or hotel chain. 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. If you have a question you would like us to answer on the podcast, please reach out on instagram.com/militarymoneymanual.

May 4, 2026Episode 911 min

Build the Life You Want, Then Save for It. 5 Minute Military Money 9/10 #227

Step 9 in our 10-part series: build the life you want and save for it. Spencer and Jamie step away from the spreadsheet to remind listeners that financial independence is a means to an end — not the end itself. Topics covered: Why high savers can lose sight of why they're saving and fall into a "scarcity mindset" The danger of grinding toward a 20-year retirement without enjoying the journey along the way How Spencer and Jamie made the deliberate choice to spend above BAH in Hawaii — and why it was worth it The concept of Coast FI: once you've saved enough, dialing back from a 40% to a 30% savings rate may only push your FI date back by a year The transition from scarcity to abundance mindset — and why you'll inevitably spend money on things that don't bring you joy (and why that's okay) How to "test" big splurges before retirement: try the business class upgrade once, see if it's worth it to you Why spending on experiences now is an investment in understanding what actually makes you happy Don't wait until 55 or 75 to enjoy your money — build the life you want intentionally, on the way to FI Resources mentioned: The Golden Albatross by Grumpus Maximus (book on cliff-vested military pensions) 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 22,000 military servicemembers and military spouses have graduated from the 100% free, Ultimate Military Credit Cards 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/ Military Money Manual may receive compensation from JPMC. Opinions expressed here are author's alone, not those of any bank, credit card issuer, airlines or hotel chain. 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. If you have a question you would like us to answer on the podcast, please reach out on instagram.com/militarymoneymanual.

April 27, 2026Episode 89 min

Max Out Your Roth TSP | 5 Minute Military Money 8/10 #226

Step 8 in our 10-part series: max out your Roth TSP. Spencer and Jamie explain the triple tax benefit military members get by combining low-taxed allowances with Roth contributions, and why maxing the TSP is a stretch goal — not a year-one expectation. Topics covered: The 2025 Roth TSP contribution limit is $23,500 (Spencer's projection for 2026: ~$24,500) Why BRS participants need to spread contributions across all 12 months to get the full match How deployed servicemembers in a Combat Zone Tax Exclusion (CZTE) area can contribute above the standard limit The triple tax benefit: BAH and BAS are untaxed allowances, Roth contributions grow tax-free, and qualified withdrawals after 59½ are tax-free What maxing looks like in practice: ~49% of base pay for an E-5 over 6, ~28% for an O-3 over 4 Why this is an "advanced" step — most Americans barely save 5% for retirement It's okay to save 20% instead of maxing out — you're just pushing your FI date back Annual contribution limits are use-it-or-lose-it — you can't recover last year's unused space Why starting early matters more than the amount, thanks to compounding Spencer's TSP max contribution chart by rank and time in service Resources mentioned: tsp.gov (to confirm current year contribution limits) militarymoneymanual.com/tsp Military Money Manual TSP max contribution chart by rank and time in service Past episodes covering TSP contributions in Combat Zone Tax Exclusion (CZTE) areas 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 at militarymoneymanual.com/mentor. Over 22,000 military servicemembers and military spouses have graduated from the 100% free Ultimate Military Credit Cards Course, available at militarymoneymanual.com/umc3. In the 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 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. If you have a question you would like us to answer on the podcast, please reach out on instagram.com/militarymoneymanual. Military Money Manual may receive compensation from JPMC. Opinions expressed here are author's alone, not those of any bank, credit card issuer, airlines or hotel chain.

April 20, 2026Episode 710 min

Open Your Roth IRA, Invest in a Total Stock Market Index Fund | 5 Minute Military Money 7/10 #225

Step 7 in our 10-part series: open a Roth IRA at Vanguard, Fidelity, or Schwab and max out your contribution into a total stock market index fund. Spencer and Jamie break down why the LADS method (Low-cost, Automated, Diversified, Simple) beats stock picking and why Roth almost always wins for military pay. Topics covered: Why to open a Roth IRA at one of the big three: Vanguard, Fidelity, or Schwab Total stock market index fund options: VTI, SCHB, FZROX, VTSAX, VT Spencer's LADS method: Low-cost, Automated, Diversified, Simple How low fees compound — 3 cents per $100 vs. high-load funds from military-targeted advisors Buying the haystack instead of hunting for the needle (you already owned Nvidia a decade ago) Mutual funds vs. ETFs — why the difference doesn't matter for most investors Recreating a total US stock market in the TSP with 80% C Fund / 20% S Fund How the Roth IRA is a separate bucket from the Roth TSP — both have their own contribution limits Why Roth (pay taxes now) beats Traditional for most military families with low effective tax rates The narrow edge cases where Traditional might make sense (O-5+ doctors, some dual-military couples) Spencer's effective tax rate as a pilot and major was under 10% — often under 5% Resources mentioned: Vanguard, Fidelity, Schwab (Roth IRA providers) VTI — Vanguard Total Stock Market Index Fund SCHB — Schwab Total Stock Market Index Fund FZROX — Fidelity Total Stock Market Index Fund VTSAX — Vanguard Total Stock Market mutual fund tsp.gov (for current contribution limits) Bogleheads forum (for the mutual fund vs. ETF deep dive) 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 at militarymoneymanual.com/mentor. Over 22,000 military servicemembers and military spouses have graduated from the 100% free Ultimate Military Credit Cards Course, available at militarymoneymanual.com/umc3. In the 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 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. If you have a question you would like us to answer on the podcast, please reach out on instagram.com/militarymoneymanual. Military Money Manual may receive compensation from JPMC. Opinions expressed here are author's alone, not those of any bank, credit card issuer, airlines or hotel chain.

April 13, 2026Episode 65 min

Build Your Emergency Fund | 5 Minute Military Money 6/10 #224

Step 6 in our 10-part series: grow your emergency fund to cover three months of expenses. Spencer and Jamie explain why your "SWAN number" (Sleep Well At Night) matters more than the math, why you should default to your partner's comfort level, and why this money is insurance — not an investment. Topics covered: Why three months of expenses is a solid starting point for most military families The SWAN number concept — your emergency fund should let you sleep at night If you and your partner disagree on the amount, default to whoever wants more Emergency funds turn emergencies into inconveniences This is savings, not an investment — you can't afford for it to go down in a market dip Adjusting your emergency fund for PCS season or military separation Your budget may reveal expenses you don't actually value (streaming subscriptions, etc.) Keep your emergency fund in a separate account, completely earmarked from other money Resources mentioned: Military Emergency Fund Q&A — Military Money Manual Podcast Episode 51 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 at militarymoneymanual.com/mentor. Over 22,000 military servicemembers and military spouses have graduated from the 100% free Ultimate Military Credit Cards Course, available at militarymoneymanual.com/umc3. In the 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 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. If you have a question you would like us to answer on the podcast, please reach out on instagram.com/militarymoneymanual.