Military

Net worth is a key measure of building wealth. I have been calculating my net worth since 2011 so I can see my progress over time, and it’s a really useful tool. Many people are familiar with calculating their net worth: you add up the value of all of your assets (e.g., stocks, bonds, real … Continue reading Calculating Functional Net Worth

I often hear (and read) discussions about choosing either the military Survivor Benefit Plan (SBP) or term life insurance to ensure the surviving spouse remains financially secure. This is comparing the wrong two things! (And any comparison of either with permanent (aka “whole”) life insurance is way off course.) While both term life insurance and … Continue reading Why We Declined the Survivor Benefit Plan and Are Richer For It.