Rolling Out of the Military and TSP; What's the Right Call?

Rolling Out of the Military and TSP; What's the Right Call?

What Should You Do With Your TSP After Leaving the Military? In this episode, Rob and Omen tackle one of the most common questions service members ask: “What do I do with my TSP when I leave the military?” Before diving in, they recap Rob’s appearance on the Military Money Manual podcast discussing Roth conversion ladders—and why they’re powerful but often misunderstood. 🔗 Connect with us * Book a meeting with Omen [https://www.4myndr.com/connect] * Book a meeting with Rob [https://www.prosperwitheverman.com/contact] * Omen’s article - rolling out of the TSP [https://www.4myndr.com/blog/rolling-out-of-the-military-do-i-have-to-roll-out-of-the-tsp] * Email us! fiscalfoxhole@gmail.com [fiscalfoxhole@gmail.com] 🪖 This Week in Military History Battle of Midway (June 4, 1942) * U.S. codebreakers intercepted Japanese communications 📰 Headline: 401(k) Matches Are Getting Cut Some companies are pausing or reducing employer matches in 2026. Key implications: * The match is still “free money”—get it if available * Without a match, IRAs may become more attractive * Traditional 401(k) contributions still reduce taxable income * Follow the Savings Cascade: 1. Get the match 2. Max IRA 3. Return to employer plan 🎯 Main Topic: What To Do With Your TSP ✅ Reasons to KEEP your TSP * Easy button: No action needed during a busy transition * Low cost: Among the cheapest plans available * Creditor protection: Strong legal safeguards * Backdoor Roth strategy: Can accept IRA roll-ins to avoid pro-rata issues * Exclusive G Fund access: 🔄 Reasons to ROLL OUT of your TSP * Limited flexibility: * Withdrawals come out pro rata * Harder to execute strategies like the 3-bucket approach * Beneficiary complications: * Non-spouse heirs must move funds quickly * Risk of large taxable distributions * Account fragmentation: * Easy to forget old TSP balances * Consolidation improves visibility and control ⚖️ Best of Both Worlds You don’t have to choose one option. * Roll most funds into an IRA or new 401(k) * Keep $1K–$2K in TSP to keep it open * Maintain access to: * G Fund * Future Roth conversion strategies * Optional rollover flexibility ⚠️ Note: If balance drops below $500, TSP may automatically close the account. 🧠 Trivia: Lost Retirement Money How much is sitting in forgotten retirement accounts? ✅ Practical Takeaways * Even without a match, 401(k)s still offer tax deferral benefits * TSP is a strong option—low cost, protected, and efficient * Rolling to an IRA increases flexibility and control * A hybrid approach (keep + roll) often gives the best outcome

The Ultimate Exit Strategy - Your Estate Plan

Estate Planning Demystified + Retirement Reality Check 🪖 In This Episode This week in the foxhole, Rob and Omen tackle two critical topics that often get overlooked until it’s too late: * Why many retirees are forced out earlier than planned * How estate planning can protect your family — and where most people miss the mark Plus, we welcome estate attorney and CFP John Morgan to break down wills, trusts, and everything in between—without the intimidating legal jargon. 📅 This Date in History ✈️ May 20, 1932 Amelia Earhart becomes the first woman to fly solo across the Atlantic, reminding us that courage and preparation go hand in hand—even when flying blind. 📰 Headline of the Week “Retirement Shocks: Caregiving Burdens Test Americans’ Financial Readiness [https://www.investmentnews.com/retirement-planning/retirement-shocks-caregiving-burdens-test-americans-financial-readiness-soa-survey/266493]” Key stat: * 59% of retirees stop working earlier than planned 💡 Takeaway: Retirement isn’t just about money—it’s about health, family, and flexibility. Planning for early retirement due to health or caregiving needs isn’t optional… it’s reality. 🎯 Main Topic: Estate Planning with John Morgan John joins the foxhole to simplify estate planning and explain what actually matters. ✅ The Basics (Plain English) * Will → Controls what happens when you pass away * Power of Attorney → Handles finances if you’re alive but incapacitated * Medical Directive → Covers healthcare decisions * Trust → Adds control, privacy, and can help avoid probate 🔑 Key Insights from the Interview 1. “Good enough” isn’t always enough JAG-provided documents work well for simple situations, but fall short for: * Multiple properties * Minor or special needs children * Complex family structures 2. Probate isn’t always the problem… but multiple probates are Owning real estate in multiple states can create multiple probate processes—a major headache for your family. 3. A trust only works if it’s funded Creating a trust is step one—but assets must be properly retitled into it. 4. Beneficiary designations override everything * Your will does NOT control accounts with named beneficiaries 5. You need documents even if you’re young Everyone 18+ should have: * Power of Attorney * Medical Directive 💡 Takeaways 1. Plan for retirement flexibility — your health may decide your timeline 2. Estate planning isn’t about wealth — it’s about control and protection 3. If you don’t make a plan, the state will make one for you 🪖 From the Foxhole “If you don’t have an estate plan… you DO have one. It’s just not the one you chose.” 📣 Connect & Learn More * Email the show! fiscalfoxhole@gmail.com [fiscalfoxhole@gmail.com] * Book a meeting with Omen [https://www.4myndr.com/connect] * Book a meeting with Rob [https://www.prosperwitheverman.com/contact]

Military Money Manual Crossover - Omen's Interview

🎙️ The Fiscal Foxhole Special Feature: Military Money Manual Podcast Crossover This week, Rob and Omen are both attending MillMoneyCon, so we’re doing something a little different. Instead of a standard episode, we’re sharing a guest appearance by Omen Quelvog on the Military Money Manual Podcast—a conversation that was simply too valuable not to cross‑publish. If you’re 2–3 years from military separation or retirement, this episode is required listening. And even if you’re earlier in your career—or already out—there’s plenty here that will challenge how you think about work, money, and lifestyle after the military. 🪖 What You’ll Learn in This Episode Preparing 2–3 Years Before Transition * Why you should plan to attend TAP twice * Getting medical documentation squared away early * VA disability planning applies to separators AND retirees Career 2.0 & Work Optionality * Why most service members default to jobs they know * Using curiosity, not just “passion,” to shape what’s next * How military pensions create true work optionality The Power of the Military Pension * How valuable an inflation‑adjusted pension really is * Why it’s stronger than a civilian retirement substitute * Pension + VA disability + Tricare = a financial “cheat code” Lifestyle, Stress, and Decompression * Why jumping straight into another job can backfire * The underestimated value of taking a short post‑retirement sabbatical * Recognizing the “fog of work” once it’s gone Saving, Spending, and Balance * Avoiding lifestyle creep as pay increases * Why both officers and enlisted need budgets * The 50/30/20 rule as a practical framework Roth Conversions & the TSP * When Roth (including in‑plan TSP conversions) might make sense * Understanding marginal tax rates—not headlines * Why Roth conversions are an optimization tool, not a silver bullet Finding the Right Advisor * Why fee‑only matters * Military Financial Advisors Association (MFAA) * Military‑Qualified Financial Planner (MQFP) 🔗 Resources Mentioned * Military Money Manual Podcast [https://militarymoneymanual.com/podcast/] * Military Financial Advisors Association [https://militaryfinancialadvisors.org/] ⭐ Support the Show If you found this episode helpful: * Subscribe to The Fiscal Foxhole * Leave a 5‑star review on Apple Podcasts * Share the episode with a fellow service member * Email us: fiscalfoxhole@gmail.com [fiscalfoxhole@gmail.com] * Book a meeting with Omen [https://www.4myndr.com/connect] * Book a meeting with Rob [https://www.prosperwitheverman.com/contact] We’ll both be back next week to take the watch again in the Foxhole.

Financial Symptoms Part 2 - On the Right Path

🎙️ The Fiscal Foxhole – Episode 33 The Symptoms of Financial Success What does financial success actually feel like? In this episode, Rob Moore and Omen Quelvog flip last week’s conversation on its head and break down the real‑world signs that your finances are working for you—not against you. From checking your accounts without dread to handling surprises without panic, this conversation is about habits, mindset, and behavior—not just math. 📬 Stay Connected 📧 Email us: fiscalfoxhole@gmail.com [fiscalfoxhole@gmail.com] ⭐ Like the show? Please rate, review, and share it. * Book a meeting with Omen [https://www.4myndr.com/connect] * Book a meeting with Rob [https://www.prosperwitheverman.com/contact] 🧭 Date in History May 4, 1864 – Grant’s Overland Campaign Begins Ulysses S. Grant launches a relentless offensive against Lee’s Army, marking a psychological turning point in the Civil War—one defined by persistence over retreat. 📰 Headlines When Inside Info Becomes Cheating A U.S. soldier is charged with using classified information to bet on political outcomes. Rob and Omen unpack the difference between investing, gambling, and outright cheating—and why “inside information” is illegal no matter the platform. 💰 Main Topic: The Symptoms of Financial Success ✅ 1. You check your accounts without dread Awareness replaces fear. You know what’s there—and why. ✅ 2. Unexpected expenses are annoying, not catastrophic That’s what an emergency fund is for. Frustrating? Yes. Life‑ending? No. ✅ 3. You roughly know what you spend each month Not perfection—awareness. Big levers move when spending is understood. ✅ 4. You’re not waiting on the next paycheck With margin and planning, income works for you—not the other way around. ✅ 5. “I’ll deal with it when I make more money” isn’t your strategy Alignment beats income. Values drive goals, not comparison. ⭐ Bonus Symptom: You stop caring what everyone else is doing Contentment beats comparison. That’s real wealth. 🧠 Key Takeaways * Insider trading isn’t just a Wall Street problem—non‑public info used for profit is illegal anywhere. * Confidence comes from systems and habits, not luck. * Contentment isn’t settling—it’s clarity about what actually matters. 🎯 Trivia What percentage of Americans don’t follow a budget at all?

Financial Symptoms Part 1 - Headed for Trouble

🎙️ The Fiscal Foxhole Symptoms of Financial Trouble (Part 1) In this episode of The Fiscal Foxhole, Rob Moore and Omen Quelvog kick off a two‑part series focused on recognizing the early warning signs of financial trouble—before small issues become major problems. This week’s focus is on the symptoms of financial stress and why awareness is the first step toward turning things around. 📬 Connect With Us Questions for the show? * fiscalfoxhole@gmail.com [fiscalfoxhole@gmail.com] * Book a meeting with Omen [https://www.4myndr.com/connect] * Book a meeting with Rob [https://www.prosperwitheverman.com/contact] 📍 This Week in History May 1st marks the 15th anniversary of the death of Osama bin Laden following a U.S. Navy SEAL raid in Pakistan. Rob and Omen reflect on where they were when the news broke and what that moment meant within our lifetime. 📰 In the News: Investing vs. Gambling “It’s Getting Harder to Tell Investing From Gambling—and It’s Not Your Fault.” [https://www.wsj.com/finance/investing/its-getting-harder-to-tell-investing-from-gambling-and-its-not-your-fault-3973ddd5] Discussion highlights include: * Where investing ends and gambling begins * Leveraged ETFs, options, and prediction markets * Dopamine-driven investing behavior * The importance of owning assets with real, inherent value 🚨 Five Symptoms You May Be Headed for Financial Trouble 1️⃣ Avoiding Financial Reality * You avoid bank or credit card statements * You rationalize purchases you know were mistakes * You hope things will “work themselves out” 2️⃣ Your Paycheck Isn’t Going as Far * Each paycheck covers last month’s expenses * Bills are floated using grace periods or cash advances * Spending depends on when payday hits 3️⃣ Your Safety Net Is Shrinking * Savings balances are declining * Savings rates are dropping * You’re living with insurance gaps you know are risky 4️⃣ The Credit Card Tells the Real Story * Balances no longer reset to zero * Buy Now, Pay Later becomes a workaround * Credit card debt is becoming normalized 5️⃣ Stress Is Showing Up in Your Relationships * Money conversations with your spouse escalate * Financial stress limits social activity * Small expenses trigger big emotional reactions 🧭 What To Do If This Hits Home * Start with awareness * Review the last 2–3 months of spending * Categorize expenses and compare them to common rules of thumb * Plug cash‑flow leaks before anything else 🧠 Trivia What percentage of U.S. households have a net worth of zero or less? ✅ Key Takeaways * The line between investing and gambling has never been thinner * If your instincts say something feels off, they’re probably right * Financial control isn’t complicated—but it does require discipline