May 30, 2008

Book Review - Armed Forces Guide to Personal Financial Planning

Armed Forces Guide to Personal Financial Planning: Strategies for Securing Your Finances at Home While Serving Our Nation Abroad
6th ed.
Margaret H. Belknap and F. Michael Marty
HG 179 .P55 2007

This guide provides straightforward explanations of often complex finance and benefits options and offers strategy for military personal to maintain fiscal health and reach their financial goals. The book is divided into five main sections. The first part, financial basic training, discusses banking, credit, and paying taxes. The second provides guidance about purchasing houses and vehicles, paying for college, medical expenses, and decisions that need to be made during deployments. The third part discusses investment strategies and saving for retirement. The fourth part advises how to manage financial risks, particularly with insurance policies. Finally, the fifth section provides guidance about transitioning from military into civilian life. This detailed and practical guide will be of use to all service members.