Shows
The Veteran Finance Podcast3 Things That Need to be True to Keep Your House as a Rental | E75In this episode, I go through the three things that need to be true for it to make sense to keep your house as a rental property. Key Timestamps:00:00 – Introduction00:49 – 1. The Math03:31 – 2. Qualitative Fit05:21 – 3. Long-Term Fit09:06 – Recap & Final ThoughtsMore of Baskin Financial Planning:Download the Ultimate Military Finance Checklist, with 7 pages of critical things to be thinking about to clarify your journey to financial freedom.Think you might need some financial help? Book an intro call with me to see if we would be a mutual fit.Questions or comm...
2025-10-2211 minThe Veteran Finance PodcastThe Power of Term Life Insurance: Why It Beats Whole, SBP, and VGLI for Veterans |E74In this episode, I discuss the basic principles of term insurance and why for most families it is the preferred method of life insurance over permanent insurance, SBP, and VGLI. Key Timestamps:00:00 Introduction & why term life insurance01:10 Principles of Term Insurance03:35 How much term insurance do you need?05:35 Calculating your coverage07:10 Comparing Term vs. Permanent, VGLI, and SBP12:09 Final thoughts & summaryResources Mentioned:Episode 22: Whole vs. Term Life InsuranceVGLI CostsMore of Baskin Financial Planning...
2025-10-0813 minThe Veteran Finance PodcastThe Art of the Backdoor Roth IRA for High Earners | E73In this episode, I discuss the art of the backdoor Roth IRA for high income earners. We walk through what it is, how to do it, and key mistakes to look out for. Key Timestamps:00:00 Introduction to the Backdoor Roth IRA02:21 Step-by-Step Guide to Backdoor Roth IRA04:51 Key Caveats and Pro-Rata Rule07:26 Fixing Past Contribution Mistakes10:06 Conclusion and Final Tips10:47 Additional Resources and DisclaimerMore of Baskin Financial Planning:Download the Ultimate Military Finance Checklist, with 7 pages of critical things to...
2025-09-2411 minThe Veteran Finance PodcastWhen Does it Make Sense to Refinance the Mortgage? | E72In this episode, I dive into when it makes sense and does not make sense to refinance your mortgage when rates are falling. Key Timestamps:00:00 Introduction: Is Now a Good Time to Refinance?00:55 Understanding Refinancing Basics02:03 VA Loan Refinancing: Uncle Earl Explained03:12 When Refinancing Makes Sense06:06 When Refinancing Doesn't Make Sense08:02 Veteran-Specific Provisions for Refinancing09:50 Conclusion and Final ThoughtsResources Mentioned: Episode 16: VA Loans with Evan KaufmanEpisode 50: Refinancing VA Loans with Evan KaufmanMore of Baskin Financial...
2025-09-1011 minThe Veteran Finance PodcastUnpacking Unpacking the New Tax Bill the OBBBA: What it Means for Your Taxes | E71In this episode, I dive into the provisions of the One Big Beautiful Bill Act (OBBBA) passed on July 4, 2025 and how it is likely to impact your tax bill this year and for the years to come. Key Timestamps:00:00-Introduction to the One Big Beautiful Bill Act01:22- Understanding the Tax Rate Extensions and Standard Deductions02:43- Charitable Giving and Itemized Deductions04:53- State and Local Tax (SALT) Deduction Changes06:45- Child Tax Credit and Senior Deduction08:55- Tax...
2025-08-2721 minThe Veteran Finance Podcast529 Plans Demystified: A Smarter Way to Save for College | E70In this episode, I dive into the essentials of college savings, focusing on 529 plans and how to decide the best approach for your family. I cover the pros and cons, recent rule changes, and practical tips for making smart education funding decisions.Key Timestamps:00:00 - Introduction and Personal Update01:56 - Philosophy of Education Savings04:12 - 529 Accounts Overview06:48 - What 529 Plans Cover08:27 - Pros of 529 Plans11:54 - Cons of 529 Plans14:09 - Making the Right Decision16:41 - Outro and ResourcesMore of Baskin...
2025-08-1317 min
Passing The Torch with Martin Foster#87 - Building Financial Resilience for Veterans - Erik BaskinSend us a textThe episode touches on the lack of personal finance education in schools, with Erik advocating for more practical courses to set young adults up for success. He also describes his approach to budgeting as a way to reduce mental stress and free up brain space for more important life decisions.Overall, this episode is packed with practical finance advice, life lessons from the military, and personal anecdotes on happiness, resilience, and purpose. It’s a great listen for anyone looking to better align their finances with their values and build a fo...
2025-07-3137 minThe Veteran Finance PodcastDoomscrolling Is Draining Your Portfolio | E69Today, I talk about how the way you consume financial news can have a huge impact on your emotional state and your long-term success as an investor. I’ve noticed that most financial media today—especially TV and digital platforms—is designed to get you riled up, not to inform you. It’s biased, sensationalized, and built to sell ads, which makes it really dangerous for investors who are trying to stay focused on the long term. Studies show that many investors underperform their actual investments by 3–7% because of emotional decision-making, often driven by news consumption. My advice? Stop watching t...
2025-05-1410 minThe Veteran Finance PodcastAvoid Probate: 3 Smart Estate Planning Moves | E68I talk about the often misunderstood process of probate and why simply having a will isn’t enough to avoid it. Most people assume a will guarantees a smooth transfer of assets, but the truth is, many of those assets still go through probate - a public, court-supervised process that can take months or even years and cost thousands in legal fees. I explain why we want to avoid probate and how to do it. There are three main ways I recommend: first, owning property jointly - especially with a spouse - so it transfers automatically; second, using beneficiary de...
2025-04-3009 min
The Military Money Manual PodcastToo Much Cash? How Much Cash a Military Family Must Have with Erik Baskin #172Holding too much cash can be a drag on your gains. You shouldn't have too much of it sitting in your account without a specific purpose. Today you'll learn answers to questions such as: How much is too much? Where should I keep my cash? What should I do today if I have too much cash? Links from today's episode: Erik Baskin at Baskin FP Past podcast episodes with Erik Baskin include episode 72, episode 129, and episode 168. Erik Baskin on LinkedIn The Veteran Finance podcast with Erik Baskin For a limited time, Spencer is...
2025-04-2823 minThe Veteran Finance PodcastDon’t Panic: Market Drops and the Bigger Picture | E67Today, I explain that while a market correction - defined as a 10% or more drop - is never fun, it’s actually quite normal and often healthy. Historically, corrections happen every year or so, and the average recovery time is about four months. I walk through data showing that after 10%, 20%, or even 30% declines, markets tend to rebound strongly over one-, three-, and five-year periods. I stress that trying to time the market doesn’t work - you can’t afford to miss the best days, which often come right after the worst ones. I emphasize that policies like tariffs are te...
2025-04-1614 minThe Veteran Finance PodcastShould You Elect S Corp Status? When It Makes Sense & When It Doesn’t | E66I explore the S Corp election, a tax strategy that can help business owners—especially LLCs and sole proprietors—reduce self-employment taxes. When operating as an LLC or sole proprietor, all income is subject to self-employment tax at 15.3%, but electing S Corp status allows me to split my income between a salary (taxed normally) and distributions (which avoid self-employment tax). I discuss when this election makes sense—typically when net profit exceeds $50,000 and is expected to grow—along with the need to set a reasonable salary, run payroll, and file additional tax forms. While this strategy can save money, I also h...
2025-04-0211 minThe Veteran Finance PodcastDid Your Car Insurance Go Up? Fix These 4 Coverage Mistakes | E65I’ve noticed that many people don’t fully understand their home and auto insurance coverage, often just relying on default options or what the agent recommends. I want to highlight four common mistakes I see: (1) Having low deductibles, which results in higher premiums for minor claims; (2) Low liability limits, which can expose you to significant financial risk in serious accidents; (3) Coverage mismatches, especially in home insurance, where the policy may not reflect the current replacement cost or include umbrella coverage for those with a higher net worth; and (4) Not shopping around for better rates every couple of years, as i...
2025-03-1911 minThe Veteran Finance PodcastCase Study: How a Client Saved $33,000 in Taxes | E64I recently worked with a client on a tax planning strategy that perfectly illustrates the power of proactive financial planning. The client owned a rental property and was approaching the five-year deadline for the Section 121 exclusion, which allows homeowners to exclude up to $250,000 in capital gains if they’ve lived in the property for at least two of the last five years. After reviewing their situation, I realized that selling before the deadline would save them $33,000 in capital gains taxes. We worked together to make it happen, and they successfully sold the property just weeks before the cutoff. This ex...
2025-03-0509 minThe Veteran Finance PodcastAre You Missing Out on These VA Disability Benefits? | E63In this episode, I wanted to highlight the many benefits available to veterans with VA disability ratings, as I was surprised by how extensive they are during my own claims process. I go over key benefits, especially those that are lesser known, particularly for 100% disabled veterans. These include commissary and exchange privileges, waived VA loan funding fees, tax-free compensation (which can be substantial), healthcare benefits that expand significantly at 50% and 100% ratings, student loan forgiveness for 100% total and permanent disability, property tax exemptions in some states, Chapter 35 education benefits for dependents, and even free in-state tuition in certain states. When...
2025-02-1912 minThe Veteran Finance Podcast8 Likely Tax Changes in 2025 Republican Tax Bill | E62In this episode, I break down the key changes we can expect in the 2025 Republican tax bill and what they might mean for you. With a Republican majority in Congress and President Trump back in office, major tax reforms are likely on the horizon—think lower individual tax rates staying in place, a potential repeal or increase of the SALT deduction cap, and a higher child tax credit. Business owners could see an expanded QBI deduction and the return of 100% bonus depreciation, while there’s also talk of eliminating taxes on tips, overtime, and Social Security benefits. Plus, clean ener...
2025-02-0514 minThe Veteran Finance PodcastShould Your Spouse Quit Their Job? (Case Study) | E61I explore a common question I hear frequently: “Can my spouse quit their job?” Using a real-life client case study, I break down the financial and emotional considerations of transitioning to a single-income household. By analyzing their $350K combined income, with $800K already saved for retirement and a strong financial foundation, they decide the tradeoff is worth it for less stress and more family time. This exercise highlights the importance of evaluating not just numbers but also lifestyle priorities, whether it’s reducing hours, cutting expenses, or rethinking long-term goals. I hope this discussion inspires listeners to reflect on their...
2025-01-2210 minThe Veteran Finance Podcast2025 Tax & Contribution Updates | E60As we step into 2025, I wanted to take a moment to review the routine tax and contribution limit changes that come with the new year. This episode focuses on the updated limits for 401(k)s, IRAs, HSAs, and other retirement plans, along with key adjustments to Social Security, the annual gift tax exclusion, and standard deductions. For instance, the 401(k) elective deferral limit is now $23,500 for those under 50, with a special new catch-up contribution for those aged 60-63. While most changes align with inflation, they’re crucial to understand for effective tax planning. Though income tax rates remain stable th...
2025-01-0809 minThe Veteran Finance PodcastHow to Gift 18K a Year and Avoid Estate Taxes in 2024 | E59In this episode, I tackle key questions about estate tax and gifting strategies, highlighting the importance of proactive planning to pass wealth to future generations. Annual gifting is one of the simplest ways to remove money from your taxable estate without reducing your lifetime exemption per spouse. I clear up common misconceptions, such as the belief that gifts over $18,000 are taxable (they aren’t; they simply require reporting and reduce your lifetime exemption) and that recipients of gifts or inheritances owe taxes (they generally do not). I also discuss exceptions, like direct payments for educational or medical expenses, which do...
2024-12-1814 minThe Veteran Finance PodcastHow Trump's Win May Impact Your Finances: 3 Key Areas to Watch | E58Erik discusses how the recent election win by Donald Trump and the Republican party could potentially impact your financial portfolio. Erik highlights three main areas of concern: financial markets and investments, interest rates, and taxes. The discussion covers possible inflationary effects, changes in financial market dynamics, expected volatility in interest rates, and potential tax code modifications. Erik emphasizes the importance of staying invested, monitoring interest rates, and understanding the likely changes in tax policies to make informed financial decisions in the coming years.
Key Takeaways:
• How will a Trump and Republican win af...
2024-12-0415 minThe Veteran Finance PodcastHow Veteran Business Owners Can Save 5 Figures on Travel with the Southwest Companion Pass | E57I dive into the Southwest Companion Pass, a travel hack I’m currently using that offers huge savings for frequent travelers. The pass allows you to bring a companion along on any Southwest flight for just the cost of taxes, making it an incredible deal if you often fly with someone. To earn the pass, you need 135,000 qualifying points, which can be done efficiently through Southwest credit cards and carefully timing your spending to hit signup bonuses early in the year. I stress the importance of tracking expenses diligently to maximize the two-year eligibility period, ensuring you get the mo...
2024-11-2012 minThe Veteran Finance PodcastLife and Disability Insurance for Military and Veterans - Broc Buckles | E56Today, I welcome Broc Buckles, co-founder of BC Brokerage, an insurance partner for fee-only financial planners specializing in diverse insurance types, including life, disability, and long-term care. We discuss BC Brokerage’s unique approach, emphasizing honesty and transparency, especially for military veterans and active-duty members who may face insurance hurdles due to health screenings. We highlight the importance of adequate life insurance, especially for transitioning military personnel, and explore how company-provided insurance might lack portability and sufficient coverage, urging listeners to secure personal policies early. Disability insurance is crucial, as statistics show that one in four 20-year-olds will experience a...
2024-11-0625 min
Only Fee-Only#105 - Growth Insights and Strategies for Solopreneurs with Erik BaskinErik Baskin returns to share his journey from active duty military service to building a thriving financial planning business. He reveals how he’s grown Baskin Financial Planning to serve 40 households, with a strong focus on providing top-tier client service. Erik also opens up about the early challenges he faced and how patience and persistence have been key to his success. His recent move to Colorado Springs marks an exciting new chapter, both personally and professionally.As a solopreneur, Erik shares how he balances business growth with efficiency, managing a growing client base while keeping things streamlined. He...
2024-10-2323 minThe Veteran Finance Podcast3 Fall Tax Planning Moves for Veteran Business Owners | E55I outline the top three year-end tax planning strategies that can benefit you this fall. I emphasize the importance of assessing your tax situation as the year draws to a close, highlighting that by this time, you typically have a clearer picture of your income and taxes due to bonuses and other financial events. The first strategy I discuss is Roth conversions, which can be advantageous in years of lower income, allowing you to pay taxes on the converted amounts now rather than later. The second strategy focuses on charitable contribution planning, particularly through donor-advised funds (DAFs) and using...
2024-10-2312 minThe Veteran Finance PodcastEmployee Benefits 101 During Open Enrollment l E54I dive into the critical components of employee benefits packages during open enrollment season. I walk through key considerations like health insurance options (HSA and PPO plans), life insurance, and disability insurance, explaining how they fit into both personal and family financial plans. I also touch on underutilized benefits like dependent care FSAs, 401k matches, and ESPPs, emphasizing how to maximize these offerings based on individual needs. Ultimately, this episode is a reminder to evaluate your employer benefits annually, ensuring that they align with your unique financial goals and family situation.
Key Takeaways:
2024-10-0913 minThe Veteran Finance PodcastVeteran Couple’s Guide to Money, Marriage & Business Success - Shelley Baskin l E53In episode 52, I welcome my wife, Shelley Baskin, to talk about how we handle finances in our marriage. We share our thoughts on joint versus separate finances, the importance of open communication, and how we balance our individual spending preferences. We also dive into managing our household finances while running a business and setting long-term financial goals. Shelley and I emphasize how crucial shared values and honest communication are in creating financial harmony.
Key Takeaways:
• Should all accounts be joint? When should accounts become joint?
• Who pays for what? And is th...
2024-09-2523 min
FI Minded: Achieve Financial Independence & Have Fun Doing ItIs the US Stock Market Too Reliant on a Few Large Companies? | E149 Erik BaskinOver the last couple of years, a key group of companies known as The Magnificent Seven has emerged. This group of high-performing and influential companies includes Alphabet, Amazon, Apple, Meta, Microsoft, NVIDIA, and Tesla. These companies are at the forefront of sectors such as artificial intelligence, electric vehicles, cloud computing, and digital services.They have also been positively impacting much of the growth in the US stock market. Just last year in 2023, these 7 companies’ stocks grew 73% while the rest of the S&P 500 grew 8%. These companies are routinely showing up in many of the financial headlines and it...
2024-09-1143 minThe Veteran Finance PodcastHow the U.S. Election Will Impact a Veteran's Portfolio l E52In this podcast, I explore how to approach investing during election years, addressing the common questions I hear from investors about whether to adjust their portfolios as election season approaches. I discuss the historical performance of the U.S. stock market under different political parties, comparing returns during Democratic and Republican presidencies. Using examples from 1928 to the present, I show how staying invested consistently through election seasons often results in better long-term returns than trying to time the market. I emphasize the importance of focusing on your long-term investment goals rather than reacting to election-related news, pointing out that...
2024-09-1115 min
Advisor Marketing Made SimpleAdvice Line: How to Turn Podcast Listeners Into Clients (Erik Baskin)Want your marketing questions answered by Taylor and Kendra? Apply to be on an Advice Line episode: https://www.taylorschulte.com/apply————Do you have a podcast? Or are you considering launching one? If so, and you want to convert listeners to clients, this episode is for you. In this LIVE “Advice Line” episode, financial advisor Erik Baskin asks us to help him solve his podcasting challenges. From helping him fix his podcast marketing funnel and content strategy to better positioning the show to attract his ideal listener, we don’t hold back. Additional q...
2024-09-0449 minThe Veteran Finance PodcastHow Veterans Can Maximize Their TSP After the Military l E51In this episode, I discuss options for managing your TSP after leaving the military: keeping it in the TSP, rolling it over to an IRA or an employer-sponsored plan, or taking a distribution or purchasing an annuity. Keeping it in the TSP is easy and low-cost but offers limited investment options and multiple account management. Rolling it into an IRA provides more investment choices and easier management but can complicate backdoor Roth IRA contributions. Rolling into a new employer’s 401(k) consolidates accounts and preserves Roth IRA opportunities, though fees and options vary. Taking a distribution or buying an an...
2024-08-2808 minThe Veteran Finance PodcastWhat You Need to Know About Refinancing Your VA Loans - Evan Kaufman | E50I welcome Evan Kaufman from WeVetHomeLoans, a fellow Air Force Academy graduate and economics major, to discuss VA loan refinancing amidst the fluctuating mortgage market. Evan explains the current state of interest rates, specifically for VA loans, and how recent trends have made refinancing particularly advantageous. We cover the unique benefits of the VA Interest Rate Reduction Refinance Loan (IRRRL), also known as 'Uncle Earl,' including no appraisal or income documentation requirements, low costs, and the ability to significantly lower monthly payments. Evan also introduces a newly developed tool from WeVet that helps veterans and active duty members...
2024-08-1436 minThe Veteran Finance Podcast8 Financial Steps for Newlyweds to Take l E49I address common questions and concerns that arise before and after getting married, such as whether to change your name and how to update various accounts. I emphasize the importance of having open financial discussions before marriage to decide on joint or separate finances. I provide a detailed checklist, starting with the name change process at the Social Security Office, followed by updating banking information, credit cards, real estate titles, investment accounts, vehicles, insurance policies, and estate documents. I stress the importance of listing both spouses on insurance policies and updating beneficiaries. Although this process can be lengthy and...
2024-07-3108 minThe Veteran Finance PodcastHow Much is Your Car Costing You? l E48I get into the hidden costs of car payments and their long-term financial impact. Using a hypothetical scenario, I illustrate how a large car payment can significantly diminish potential investment returns over a 40-year period. For example, purchasing a $30,000 car with a $15,000 down payment results in monthly payments of $296, which over five years totals $21,148, and leads to a lost opportunity cost of $225,793 in investments. I break down various car purchase prices, from $30,000 to $80,000, showing the substantial financial consequences of each choice. The analysis includes interest rates, monthly payments, and the impact on retirement accounts and other investments. To wrap...
2024-07-2405 minThe Veteran Finance PodcastTop 3 Reverse Budgeting Hacks Every Veteran Should Know l E47In this episode, I delve into the concept of reverse budgeting as a stress-free approach to managing your finances. The idea is to automate savings and debt payments first, ensuring that your essential financial goals are met before any spending occurs. After prioritizing taxes, savings, and fixed expenses, establish a target checking account balance for your monthly spending, giving you the freedom to spend confidently knowing that your financial responsibilities are already covered. By automating these financial activities, you eliminate the need to track every expense, making it easier to maintain financial discipline. Regularly monitor your checking account balance...
2024-07-1708 minThe Veteran Finance PodcastHow to Enjoy Speculative Investing Without Jeopardizing Your Finances l E46In this episode, I discuss the concept of having a "cowboy or cowgirl account" as a way to enjoy some speculative investing without jeopardizing your financial future. The idea is to allocate a small portion, ideally less than 5%, of your investable assets into high-risk, high-reward investments such as cryptocurrencies, NFTs, or individual stocks, while keeping the bulk of your assets in long-term, diversified portfolios. I emphasize the importance of maintaining financial discipline by ensuring that these speculative investments do not exceed a manageable percentage of your portfolio, allowing you to indulge in adventurous investing without significant risk to your...
2024-07-1008 minThe Veteran Finance PodcastMilitary Transition, Investing at All Time Highs, and Military Financial Myths Military Money Manual Guest Appearance l E45I hope you enjoy my conversation with Jamie and Spencer from the Military Money Manual.
More of Baskin Financial Planning:
Download the Ultimate Military Finance Checklist, with 7 pages of critical things to be thinking about to clarify your journey to financial freedom.
Think you might need some financial help? Book an intro call with me to see if we would be a mutual fit.
Questions or comments, drop me a note at: erik@baskinfp.com
2024-07-0340 minThe Veteran Finance PodcastThe Accounts Veteran Parents Should Use to Save for Kid's College l E44In this episode, I delve into the important decision of choosing the right savings account for your child's future, a critical step for new parents aiming to ensure financial security for their children. I cover essential account options such as 529 plans, UTMA accounts, taxable brokerage accounts, and Roth IRAs. Using a comprehensive analysis, I demonstrate how to evaluate these options, offering practical examples and considerations. I also explore the tax benefits, flexibility, and impact on financial aid eligibility of each account type. Finally, I highlight how a family's specific financial goals and situation can guide the choice of the...
2024-06-2608 minThe Veteran Finance PodcastShould I Buy or Rent in the Military? l E43I tackle the frequently asked question of whether to buy or rent in a new location, which is especially pertinent for military families or those with jobs requiring frequent relocations. I cover essential considerations such as mortgage interest rates, down payments, and financial health. Using NerdWallet's calculator, I demonstrate how to evaluate these factors, offering a case study of a client's situation. I also explore the impact of interest rates, transaction costs, and the amortization schedule. Lastly, I discuss how financial stability may influence the decision to rent or buy, emphasizing the importance of personalized advice based on one's...
2024-06-1908 minThe Military Money Manual PodcastTips for Separating from Active Duty, Avoiding Index Universal Life Insurance (IUL), and Military Entrepreneurship with Erik Baskin #129For a limited time, Spencer is offering one-on-one Military Money Coaching sessions! Get your personal military money and investing questions answered in a confidential coaching call. Real-estate returns, disability insurance, time-blocking techniques, and more! Erik Baskin is a Certified Financial Planner (CFP) and Air Force veteran. He's a fee-only, fiduciary financial planner and entrepreneur. Main points: Separating from the military and lessons learned during the transition Military veteran entrepreneurship Knowing if real estate investing is good for you IUL policies- the math doesn't work out Why it's good to invest at all-time highs Holding onto too much cash L...
2024-06-1741 minThe Veteran Finance PodcastShould I Rent My House or Sell It in the Military? l E42I explore the common question of whether to keep a house as a rental property or sell it. Using a recent case study of a 39-year-old client from Virginia, I break down the detailed financial analysis involved. The client's home, valued at $480,000 with a $431,000 mortgage at a 5.63% interest rate, would result in a monthly deficit of $1,074 if rented out. My comprehensive walkthrough includes considerations of rental income, property management fees, taxes, maintenance, and vacancy rates. To wrap the episode up, I compare maintaining the property as a rental versus investing in the stock market, ultimately guiding the client to...
2024-06-1210 minThe Veteran Finance PodcastHow Military Veterans Can Save Six Figures Choosing the Right Mortgage l E41Let’s discuss how to take a holistic view on finding a mortgage that works for your situation. There are various mortgage types, including 15-year and 30-year conventional loans, 5 year adjustable rate mortgages, 30 year VA loans, all with different down payment options, and FHA loans. With buying a house being such a large decision, let’s examine these options, emphasizing the importance of considering both qualitative and quantitative factors in your financial situation. We’ll go through detailed breakdowns of what your monthly payments and total interest costs over various time periods might look like, highlighting how different choices can im...
2024-06-0511 min
Erik's Like A GirlEPISODE 17: Lady Gaga, 'Fallen Idols,' and 'Vanderpump Rules' ConcludesOn this episode, I start by getting nostalgic about the recent past, and I then delve into Lady Gaga’s 'Chromatica Ball' (streaming on Max), 'Fallen Idols: Nick and Aaron Carter' (also streaming on Max), and several items regarding 'Vanderpump Rules:' Something About Her, Lisa Vanderpump on 'Call Her Daddy,' Reunion Part 3, and Alex Baskin’s interview with 'The Hollywood Reporter.'
2024-05-311h 50The Veteran Finance PodcastWhat Salary Would Need to Replace My Military Pension? l E40I tackle the common question, "Should I stay in the military or get out?" by diving into a real client case study. And I promise, if you do, you don’t have to live under a bridge or eat cat food the rest of your life. My client, an Air Force major with 13 years of service, is contemplating leaving the military and is exploring three scenarios: immediately transitioning to a civilian job, joining the reserves, or completing 20 years of service. I analyze each scenario in depth, examining the financial implications, potential VA disability benefits, and retirement income projections. Throughout th...
2024-05-2911 min
Elementality for Financial Advisors | Elements Financial Vitals System™Understanding Client Spending w/ Erik Baskin [166]In this episode of Elementality Jordan Haines talks with Erik Baskin, founder of Baskin Financial, about client spending. After discussing Erik's journey into financial services and why experimenting has brought him explosive growth, they discuss how to incorporate budgeting and spending tracking into his process.
2024-05-2334 minThe Veteran Finance PodcastManaging Cashflow and Profit for Veteran-Owned Businesses l E39I discuss the 'Profit First' system by Mike Michalowicz, which helps business owners and individuals manage their finances effectively. The concept involves setting predetermined and strategically assigned percentages for various financial categories such as profit, operational expenses (OPEX), taxes, and owner’s compensation. I explore how to apply 'Profit First' principles to both business and personal finances, including setting up automation to manage cash flow efficiently. I outline my own financial framework and share practical tips for merging business and personal finances to achieve financial goals. I encourage listeners to be intentional about their financial management to ensure security in...
2024-05-2213 minThe Veteran Finance PodcastHow Veterans Can Save Thousands by Understanding Taxes l E38I dive into the complexities of understanding tax returns. I share my yearly process of reviewing every client's tax return to identify forward-looking planning opportunities and to correct any errors from previous reporting. I discuss the importance of Roth contributions, the implications of the Tax Cuts and Jobs Act, and strategies for managing business and personal taxes, including the use of Schedule E and the benefits of regularly reviewing taxable interests and dividends. Further, I cover the importance of choosing between itemized and standard deductions, the impact of various income sources on tax obligations, and the overall strategy for...
2024-05-1512 minThe Veteran Finance PodcastDonor Advised Funds: One of the Most Powerful Tax Planning Tools for Military Veterans l E37In this episode, I delve into the benefits and mechanics of donor advised funds (DAFs) and their role as a savvy tax strategy for charitable giving. If you're a high-income earner who's both charitably inclined and invested in the stock market, this is for you. I'll break down how DAFs function, highlighting their tax advantages, especially in light of the 2017 tax changes, and identifying who stands to gain the most from utilizing them.
Drawing from real-life scenarios, I'll show you how DAFs can yield substantial tax savings. By allowing individuals to donate appreciated securities...
2024-05-0812 minThe Veteran Finance PodcastHow I've Invested My Money From 2nd Lieutenant to Veteran Business Owner l E36I'll share my financial journey from a second lieutenant fresh out of the Air Force Academy to a successful veteran business owner. I'll discuss the investment accounts I utilized at different stages, my strategy for allocating excess cash, and how my goals and priorities have shifted over time. Initially, I was focused on retirement accounts like Roth IRAs and Roth TSPs, but later on, I came to emphasize the importance of liquidity and the diverse goals of a veteran business owner. These goals include preparing for potential kids, moving houses, and ensuring business success. I advocate for a simple...
2024-05-0115 minThe Veteran Finance PodcastThe Biggest Hole in Most Veteran's Financial Plan l E35In this episode, we delve deep into the topic of disability insurance and its critical role in financial planning. Disability insurance is often overlooked, especially among military families and veteran business owners, despite the statistics showing that one-fourth of individuals are expected to become disabled before retirement age. Let's talk about the essential features of disability insurance policies, including coverage specifics, the importance of insuring future income, and why a personal disability insurance policy remains vital across different job transitions and for business owners. Selecting the right policy is crucial. We discuss aspects like 'own occupation' coverage, inflation protection...
2024-04-2413 minThe Veteran Finance Podcast5 Reasons Veterans Should Be Contributing to a Roth IRA l E34In this episode, I talk about the superpowers of the often overlooked Roth IRA account. I go through what it is, the rules around it, and the three main benefits that it provides.
Time Stamps:
00:00-01:47: Intro
01:47-06:06: The Benefits of a Roth IRA
06:06-08:55 : Withdrawal Rules
08:55-11:20: Tax Free Compound Growth Example
11:20-14:30: Retirement Income Diversity Example
14:30-16:07: Wrap Up
www.baskinfp.com/post/34-the-super-powers-of-a-roth-ira
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Download the Ultimate Military Finance Checklist, with 7 pages of critical things to be thinking about to clarify your journey to financial freedom.
Think you might need so...
2024-04-1716 minThe Veteran Finance PodcastThe Financial Order of Operations: A Veteran's Guide of Financial Priorities l E33In this episode, I walk through my financial order of operations to give you a framework for how to allocate your money in a way that makes sense on a quantitative and qualitative basis.
Time Stamps:
00:00-01:53: Intro
01:53-06:02: Emergency Fund, 401(k) Match, and High Interest Debt
06:02-09:04 : HSA, Roth IRA, and Children's Education
09:04-11:43: Max 401(k), Rental Real Estate, Lower Interest Debt
11:43-15:28: Taxable Brokerage Account, Mortgage, and Extreme Generosity
15:28-17:17: Wrap Up
www.baskinfp.com/post/33-the-financial-order-of-operations
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Download the Ultimate Military Finance Checklist...
2024-04-1017 minThe Veteran Finance PodcastHow the NAR Settlement Will Change Veteran Homebuying l E32In this episode, I discuss the recent $418 Million settlement by the National Association of Realtors (NAR) and it's impact on your personal financial planning situation.
Time Stamps:
00:00-01:40: Intro to the Settlement
01:40-02:25: Background on the Settlement
02:25-07:39: The Changes Coming
07:39-11:56: Financial Planning Impacts and Wrap Up
www.baskinfp.com/post/32-financial-planning-implications-of-the-nar-settlement-on-realtor-commissions
Resources:
NAR Wants VA to Change Regulations
NAR Settlement
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Download the Ultimate Military Finance Checklist, with 7 pages of critical things to be thinking about to clarify your journey to financial freedom.
Think you...
2024-04-0311 minThe Veteran Finance PodcastBuilding a 7 Figure Real Estate Business with Private Lender Money with Jason Lee from Murphy Home Buyers l E31In this episode, I talk with 2018 USAFA Graduate and Air Force Veteran Business Owner Jason Lee from Murphy Home Buyers. Jason and I discuss his journey to and passion for entrepreneurship, how Murphy plans to buy 12 homes a month this year, and what Jason sees as the future for the business.
Time Stamps:
00:00-06:42: Intro to Jason
06:42-14:10: What Jason Does at Murphy Home Buyers
14:10-20:36: How Interest Rates Affect Business and How Jason Finds Private Properties
20:36-26:12: How Jason Offers Return to Private Money Lenders
26:12-29:20: The Structure and Future Vision of...
2024-03-2738 minThe Veteran Finance PodcastOptimizing Tax Withholdings to Minimize Tax Time Surprises l E30In this episode, I discuss how to use your paystubs to optimize your tax withholdings to ensure you have proper cash flow throughout the year and aren't in for any surprises come tax time.
Time Stamps:
00:00-02:37: Intro
02:37-05:50: An Example
05:50-09:27: Why Would Withholdings Be Off?
09:27-13:51: The Impacts of Good Tax Planning
13:51-15:50: Wrap Up
www.baskinfp.com/post/30-optimizing-tax-withholdings-to-minimize-tax-time-surprises
Resources:
2023 TurboTax Calculator
TurboTax W-4 Estimator
IRS Guidance on Estimated Tax Payments
---
Download the Ultimate Military Finance Checkl...
2024-03-2015 minThe Veteran Finance PodcastWhen Should Veterans STOP Saving for Retirement l E29In this episode, I walk through why sometimes it make make sense to slow down or stop saving for "retirement" entirely. I walk through an example using numbers and tools to show why having too much money someday can be a problem and is not optimal for most families.
Time Stamps:
00:00-01:51: Intro
01:51—05:40: Situations When This Makes sense
05:40-09:33: An Example Scenario
09:33-12:29: Incorporating Potential Estate Taxes Into Retirement Savings
12:29-14:45: Wrap Up
www.baskinfp.com/post/29-when-it-makes-sense-to-stop-saving-for-retirement
---
Download the Ultimate Military Finance Checklist, with 7 pages of critical things to be thinking about to clarif...
2024-03-1314 minThe Veteran Finance PodcastPodcasting is the New Business Card with Martin Foster l E28In this episode, I talk with Martin Foster, host of Passing the Torch on how launching a podcast while on active duty has become an integral part of his personal development and sees it as a critical investment in himself.
Time Stamps:
00:00-02:36 Intro
02:36-11:07: How Martin Became a Podcaster
11:07-16:42: How He got Dr. Benjamin Hardy on his Podcast
16:42-23:54: How Martin Balances His Podcast While on Active Duty
23:54-29:48: Why Martin sees Podcasting as in Investment in Himself
29:48-34:23: How Reading is an Investment in YOU
34:23-37:06: Wrap Up and Martin...
2024-03-0637 minThe Veteran Finance PodcastSolo 401k vs SEP IRA: How Vetreprenuers Can Save for Retirement and Save on Taxes l E27In this episode, I talk about the pros and cons of the main retirement account options for small business owners to setup to save on tax and diversify away from their business whether they have a small side hustle or are full time business owners.
Time Stamps:
00:00-01:25: Introduction
02:43-04:50 SEP IRA
04:50-07:30 Solo 401 (k)
7:30-8:56 401 (k)
8:56-10:16 Cash Balance Pension Plan
10:16-12:40 Conclusion
Resources:
Solo 401(k)
SEP IRA
401(k)
Cash Balance Pension Plan
https://www.baskinfp.com/post/27-retirement-accounts-for-small-business-owners
---
Download the Ultimate Military Finance Checklist, with 7 pages of critical things to be thinking about to clarify y...
2024-02-2812 min
Vintage Annals Archive PodcastEp. 78: Gregg Turkington & Erik Paparozzi (Seasonal Depression Suite Album 2023/Drag City Inc.)Ep. 78: Gregg Turkington & Erik Paparozzi (Seasonal Depression Suite Album 2023/Drag City Inc.)
*Buy this album
https://www.dragcity.com/products/seasonal-depression-suite
Gregg Turkington first rose to prominence on San Francisco's avant-garde post-punk movement before becoming a cult stand-up, a regular collaborator with Tim Heidecker. Born in Darwen, Australia in 1967 to American parents, Turkington grew up in Tempe, AZ and San Francisco, CA, making a name for himself on the latter's underground scene as the co-publisher of cult zine Breakfast Without Meat and member of various obscure bands...
2024-02-222h 19The Veteran Finance PodcastWhy You Should Want to Invest at All Time Highs l E26In this episode, I use historical data to discuss why it is so important to continue consistent, disciplined investment with markets at all time highs and why market timing is not likely to be a profitable strategy over the long term.
Time Stamps:
00:00-01:25: Introduction
01:25-05:23 The Data on All Time Highs
05:23-08:06 Conclusion
Resources:
Wealth of Common Sense Data
Dimensional Fund Advisors Data
www.baskinfp.com/post/26-why-you-should-want-to-invest-at-all-time-highs
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Download the Ultimate Military Finance Checklist, with 7 pages of critical things to be thinking about to clarify your jour...
2024-02-1408 minThe Veteran Finance PodcastTop Finance Tips for Cadets from For the Zoomies with Andrew Cormier Guest Appearance l E25In this episode, we revisit a guest appearance I had on Andrew Cormier's Podcast called For the Zoomies. Andrew and I talk about finance, business, entrepreneurship and how these areas relate to cadets military members, and veterans.
Time Stamps:
00:00-06:05: Introduction
06:05-09:56 Common cadet financial pitfalls
09:56-13:12 Why is whole life insurance bad?
13:12-18:10 Why are payday loans bad?
18:10-21:12 How to notice pyramid schemes
21:12-22:26 Should you sports bet?
22:26-28:45 4% Rule of thumb
28:45-33:24 S&P 500 vs. S&Me 500
33:24-41:08 Smart uses of the cadet loan
41:08-50:34 Thoughts on entrepreneurship
50:34-53:36 Advice...
2024-01-3153 minThe Veteran Finance PodcastHow Do I Know if I Am Saving Enough? l E24In this episode, I talk about how to calculate and assess your savings rate and some things to think about when deciding whether this is a healthy rate for your family.
Time Stamps:
00:00-04:16: Intro and Definition of Savings Rate
04:16-5:50: Is There Such Thing as Too High of a Savings Rate?
5:50-8:39: What Stops People from Saving More?
8:39-10:50: Considerations When Reviewing Your Savings Rate
10:50-13:08: Conclusion
www.baskinfp.com/post/24-savings-rate
---
Download the Ultimate Military Finance Checklist, with 7 pages of critical things to be thinking about to clarify your journey to financial freedo...
2024-01-1713 min
The Pulse Wave Podcast4. Erik Baskin on Setting Financial Goals for The New Year If your goals for 2024 include financial fitness and planning for the future, we have a treat for you!
Listen along as Erik Baskin, Founder of Baskin Financial Planning, a Financial Planning and Investment Management Firm for Military, Veterans, and Business Owners, sits down with host Virgil Virga to share practical tips and insights that will empower you to tackle your financial goals head-on.
2023-12-2918 min
For the ZoomiesErik Baskin - So I Shouldn't Put My Cadet Loan on a 14-Leg Parlay? Avoid Financial Pitfalls as a Cadet and LT | Perspective Ep 17The host of FTZ Andrew Cormier sits down with the host of the BLUF Finance podcast Erik Baskin CFP to continue the conversation around how to be financially responsible as a cadet and young LT.
Time Stamps
(00:00) Introduction
(05:15) Common cadet financial pitfalls
(09:06) Why is whole life insurance bad?
(12:22) Why are payday loans bad?
(17:20) How to notice pyramid schemes
(20:22) Should you sports bet?
(21:36) 4% Rule of thumb
(27:55) S&P 500 vs. S&Me 500
(32:34) Smart uses of the cadet loan
2023-12-1851 minThe Veteran Finance PodcastMinimalism and Veteran Entrepreneurship with Steven Leapley l E23In this episode, I talk with Steven Leapley, an executive ghostwriter and veteran entrepreneur about his path into entrepreneurship and how that has coincided with his passion for living a minimalist lifestyle.
Time Stamps:
00:00-7:57: Intro to Steven
7:57-19:01: How Steven Got into Ghostwriting
19:01-31:14: Minimalism and Entrepreneurship
31:14-36:10: Steven’s Advice for His Younger Self
36:10-37:54: Conclusion
www.baskinfp.com/post/23-minimalism-and-veteran-entrepreneurship-with-steven-leapley
Resources:
Steven’s LinkedIn
Leapley Enterprises
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Download the Ultimate Military Finance Checklist, with 7 pages of critical things to be thinking about to clarify your journey to fi...
2023-12-1337 minThe Veteran Finance PodcastWhole vs. Term Life Insurance l E22In this episode, I talk about the differences between whole and term life insurance, how to think about the principles of insurance, and how to decide what is the best policy for you.
Time Stamps:
00:00-01:24: Intro
01:24-04:35: Differences between Whole and Term
04:35-05:22: Why Whole Life Insurance is Sold so Much
05:22-09:52: Why and When We Need Life Insurance
09:52-11:54: When Does Whole Ever Make Sense?
11:54-14:44 A Case Study
14:44-16:32: Conclusion
www.baskinfp.com/post/22-whole-vs-term-life-insurance
Resources:
Blog Post on Why Life Insurance...
2023-12-0616 minThe Veteran Finance PodcastHow Military Families Can Save on Childcare with a Dependent Care FSA l E21In this episode, I talk about Dependent Care FSAs, a new benefit now available to military families. I discuss what they are and how to think about using them in the context of your financial situation as well as childcare expenses in general.
Time Stamps:
00:00-01:18: Intro
01:18-02:41: What a DCFSA Is
02:41-03:49: How to Qualify
03:49-07:27: When to Use It:
07:27-10:40: An Example
10:40-13:30 Conclusion and CTA
www.baskinfp.com/post/21-dependent-care-fsas-for-military-families
Resources:
One Source on DCFSAs
Tax Brackets
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Download the Ultimate Mili...
2023-11-1413 min
Movie MadnessEpisode 427: Chan, Keaton, Winthorp and Billy Ray Valentine, You Betcha! Peter Sobczynski joins Erik Childress again to provide a rundown of what you can add to your physical media collection this week. You have brand new collections of films from Jackie Chan and Buster Keaton. The late William Friedkin does his first Tracy Letts adaptation and while it missed Halloween there is a great new edition of an overlooked horror film from J.A. Bayona. In time for Veteran’s Day, Sony has two new 4K editions of war films and there is also a new Blu-ray of a guilty favorite from our longtime friend, Sergio Mims. Erik and Pe...
2023-11-071h 37The Veteran Finance PodcastDoes It Make Sense to Buy a House Right Now? l E20In this episode, I talk about how to decide whether or not buying a house in a high interest rate environment makes sense for you and your family.
Time Stamps:
00:00-2:12: Intro
2:12-5:31: Duration of Ownership
5:31-9:57: Does it Fit Your Budget
9:57-13:33: Housing Market Conditions
13:33-15:35: Conclusion
www.baskinfp.com/post/20-does-it-make-sense-to-buy-a-house-right-now
Resources:
NerdWallet Buys vs. Rent Calculator
Bankrate Mortgage Rates
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Download the Ultimate Military Finance Checklist, with 7 pages of critical things to be thinking ab...
2023-11-0715 minThe Veteran Finance PodcastTSP and Aligning Your Money with Your Values with Brandon Lovingier the Enlisted Money Guy l E19In this episode, I talk with Brandon Lovingier, the Enlisted Money Guy about investing in the TSP, military retirement, and aligning your money with your values.
Time Stamps:
00:00-01:35 Intro to Brandon
01:35-10:58 Investing in the TSP with and Without a Pension
10:58-12:32 Calculating Your “FI” Number
12:32-20:16 Protecting Loss of Life or Income with Insurance
20:16-28:38 How to think about the right amount of Risk for YOU
28:38-38:32 Matching your Money to What You Actually Want in Life
38:32-41:51 Conclusion
Resources:
Blog Post on Military Retirement
Start 100K
Your Virtual Paraplan...
2023-10-3141 minThe Veteran Finance Podcast5 Year End Tax Planning Opportunities for Veterans to Consider l E18In this episode, I talk about five key tax planning opportunities to consider before the end of the year to lower your lifetime tax bill.
Time Stamps:
00:00-01:41: Intro
01:41-3:24: Withholdings and Estimated Payments
3:24-6:46: Capital Loss and Gain Harvesting
6:46-8:36: Roth Conversions
8:36-9:52: Retirement and HSA contributions
9:52-12:18: Charitable Contributions
12:18-13:41: Conclusion
www.baskinfp.com/post/18-5-end-of-year-tax-planning-opportunities
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Download the Ultimate Military Finance Checklist, with 7 pages of critical things to be thinking about to clarify your...
2023-10-2413 minThe Veteran Finance Podcast4 Essential Estate Planning Documents Every Veteran Needs l E17In this episode, I talk about basic estate planning that all military and veterans need to get in place. This includes completed documents, avoiding probate with designated beneficiaries, and setting up a legacy drawer.
Time Stamps:
00:00-01:16: Intro
01:16-6:56: Documents
6:56- 8:56: Avoiding Probate
8:56-10:12: Legacy Folder
10:12-11:50: Conclusion
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Download the Ultimate Military Finance Checklist, with 7 pages of critical things to be thinking about to clarify your journey to financial freedom.
Think you might need some financial help? ...
2023-10-1712 minThe Veteran Finance PodcastVA Loans with Evan Kaufman from WeVett l E16In this episode, I talk with 2013 USAFA Graduate and Air Force Veteran Evan Kaufman from WeVett. Evan and I discuss what he does at WeVett, some pros and cons of the VA loan, and considerations during military transition.
Time Stamps:
00:00-9:45: Intro to Evan and WeVett
9:45-28:35: VA Loan Myths, Pros, Cons
28:35-37:31: When a Conventional Loan Makes Sense
36:42-43:52: Loans During Military Transition
43:52-48:30: Summary and Wrap Up
Resources Mentioned:
WeVett
Evan’s LinkedIn Profile
BAH Mortgage Calculator
WeVett YouTube Channel
---
Download the Ultimate Military Finance Checklist...
2023-10-1148 minThe Veteran Finance PodcastWhy an Emergency Fund Is Crucial in Light of a Government Shutdown l E15In this episode, I talk about why having emergency savings is crucial to your financial health, especially in the face of a potential government shutdown or loss of income.
Time Stamps:
00:00-1:32: Intro
1:32- 2:09: What is an Emergency Fund
2:09-6:27: How Much to Hold
6:27-8:13: Where to Put Savings
9:39-11:30: Conclusion
Resources Mentioned:
BankRate List of HYS Accounts
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Download the Ultimate Military Finance Checklist, with 7 pages of critical things to be thinking about to clarify your journey to financial freedom.
Think you might need some financial help? Book an...
2023-09-2711 minThe Veteran Finance PodcastIs the Reserves Worth It? l E14In this episode, I talk about how to decide whether the Reserves or National Guard is worth it for you when you transition out of the military!
Time Stamps:
00:00-1:53: Intro
1:53- 7:47: Quantitative Considerations
7:47-12:26: Qualitative Considerations
12:26-13:11: Conclusion
Resources Mentioned:
Blog post on whether the Reserves or National Guard is worth it
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Download the Ultimate Military Finance Checklist, with 7 pages of critical things to be thinking about to clarify your journey to financial freedom.
Think you might need some financial help? Book an intro call with me to see if we would be...
2023-09-2013 minThe Veteran Finance PodcastWhy SGLI Isn't Enough: How to Get the Right Life Insurance Before You Transition l E13In this episode, I talk about why getting life insurance in place before you transition out of the military is a critical decision to get right!
Time Stamps:
00:00-1:02: Intro
1:02-3:16: Why Life Insurance Is Critical During Transition
3:16-6:05: Determining Your Insurance Need
6:05-9:11: How VGLI is Much More Expensive than Commercial Term
9:11-10:16: How to Think About Financial Risk in Front of You
10:16-13:35: Conclusion and Action Items
Resources Mentioned:
Blog Post on Life Insurance Before Transition
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Download the Ultimate Military Finance Checklist, with 7 pages of critical t...
2023-09-1313 minThe Veteran Finance PodcastAre High Yield Savings Accounts Worth It? l E12In this episode, I talk about what high yield savings accounts are and when they might make sense to use for excess cash.
Resources Mentioned:
BankRate List of HYS Accounts
MaxMy Interest
---
Download the Ultimate Military Finance Checklist, with 7 pages of critical things to be thinking about to clarify your journey to financial freedom.
Think you might need some financial help? Book an intro call with me to see if we would be a mutual fit.
Questions or comments, drop me a note at: erik@baskinfp.com
2023-08-2310 minThe Veteran Finance PodcastBuilding Wealth After Transitioning from the Military with Aaron Ingram l E11In this episode, I talk with Naval Academy Graduate and Veteran Aaron Ingram from PreVeteran about his transition out of the military and into Real Estate investing and his work with PreVeteran to help re-shape military transition.
Timestamps:
00:00-1:52: Intro
1:52-9:26: Aaron's Transition Story
9:26-24:57: Real Estate Investing
24:57-30:49: Using Your Superpower
30:49-32:19: Wrap Up and Where to Connect
Resources Mentioned:
PreVeteran
Connect with Aaron on LinkedIn
Email Aaron
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Download the Ultimate Military Finance Checklist, with 7 pages of critical things to be thinking about to clarify your journey to...
2023-08-1632 minThe Veteran Finance PodcastIs the US Financial System in Trouble After a Debt Downgrade? l E10In this episode, I talk about the recent down grade of the U.S. credit rating by Fitch and what that means and does not mean in the short and long term.
Resources Mentioned:
Trading Economics Rating
---
Download the Ultimate Military Finance Checklist, with 7 pages of critical things to be thinking about to clarify your journey to financial freedom.
Think you might need some financial help? Book an intro call with me to see if we would be a mutual fit.
Questions or comments, drop me a note at: erik@baskinfp.com
2023-08-0907 min
The Veteran Finance PodcastRevolutionizing Financial Planning for Veterans & Business Owners Only Fee Only Guest Appearance l E9In this episode, I replay a recent guest appearance I had on the Only Fee Only Podcast where they interview fee-only financial planners about their background and business.
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Download the Ultimate Military Finance Checklist, with 7 pages of critical things to be thinking about to clarify your journey to financial freedom.
Think you might need some financial help? Book an intro call with me to see if we would be a mutual fit.
Questions or comments, drop me a note at: erik@baskinfp.com
2023-08-0231 minOnly Fee-Only#58 - Skating into the Air Force and Finding the World of Financial Planning - Erik BaskinEric's Bio:In 2018, after graduating the U.S. Air Force Academy with an Economics degree, I began my professional career as a hospital administrator in the Air Force. As I was sitting in my apartment in Cheyenne, Wyoming after work every day, I quickly realized that this wasn't going to be a career for me. It was a great first job, but wasn’t ultimately my calling and didn’t get me up out of bed every morning. I was captain of a Division I hockey team in college, and I still have that competitive drive that I ne...
2023-07-2732 min
The Veteran Finance PodcastWhat Veterans Need to Know About VA Disability Benefits l E8In this episode, I talk about the VA Disability process, benefits, and things that military members need to know at all stages of service.
Time Stamps:
00:00-2:43: Intro
2:43-4:23: Types of VA Disability Claims
4:23-6:19: Process
6:19- 7:24: What They Are Looking for
7:24-14:28: Benefits of the Levels of Disabilities
14:28-18:14: Other Things to Know
18:14-20:33: Conclusion
Resources Mentioned:
VA Disability Homepage
VA Disability Calculator
BDD page
Find a VSO or Accredited Representative
VR&E
CHAMPVA
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Download the Ultimate Military Finance Checklist, with 7 pages of critical things to be thinking about to clarify your journey to...
2023-07-2620 min
The Veteran Finance PodcastBuilding Enlisted Money with Brandon Lovingier l E7In this episode, I discuss with Brandon how he got started in the military finance space with Start 100K, Your Virtual Paraplanner, and Enlisted Money and what he is working on to deliver financial planning to enlisted military members.
Time Stamps:
00:00-2:18 Intro to Brandon
2:18-6:15 How Brandon Got Started into the military finance space
6:15-17:00 Enlisted Money and the future of military financial advice
17:00-21:01 How the enlisted mindset is different from officers
21:01-24:23 Aligning your Money with your Values
24:23-30:59 Closing and Action Items
Resources Mentioned:
Start 100K
Your Virtual Para...
2023-07-1930 min
The Veteran Finance PodcastThe 6 Common Mistakes Veterans Make with their TSP l E6In this episode, I talk about the six mistakes members commonly make with their TSP and how you can avoid them!
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Download the Ultimate Military Finance Checklist, with 7 pages of critical things to be thinking about to clarify your journey to financial freedom.
Think you might need some financial help? Book an intro call with me to see if we would be a mutual fit.
Questions or comments, drop me a note at: erik@baskinfp.com
2023-07-1208 min
The Veteran Finance PodcastHow Veterans Can Maximize Reward Points on Travel with Matt Koch l E5In this episode, I had my good friend Matt Koch back on the show for part two to talk about how to maximize the value of credit card rewards points by using tools to search for the best transfer partners that will give you the best value.
Time Stamps:
Intro: (0:00-0:54)
Ways to use the points (0:54-6:48)
Using Points on Hotels and Airlines (6:48-11:30)
Frameworks, resources, and the impact of travel hacking on your financial picture (11:30-29:14)
Wrap up and Action Items (29:14-33:47)
Resources Mentioned:
The Points Guy Valuation
AwardLogic (most well...
2023-06-2833 min
The Veteran Finance PodcastMilitary Credit Card Benefits with Matt Koch l E4In this episode, I had a good friend Matt Koch on the show to talk about credit card points and benefits for military members as this is a huge passion of his and he is an expert on this topic from lots of research and personal experience.
Time Stamps:
Intro and Credit Card Theory (0:00-4:17)
Best Cards to Open (4:17-15:35)
Our Current Personal Strategies (4:04-5:51)
Conclusion and How to Best Implement (23:56-28:36)
Resources Mentioned:
Best Credit Cards for Military
The 32 Credit Cards in Spencer's Wallet
Points and Miles Valuation
Email Matt Koch
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Download the Ultimate Military Finance Checklist...
2023-06-2128 min
The Veteran Finance Podcast7 Things TAP Gets Wrong About Financial Planning for Veterans l E3I recently attended TAP and took away some good things but also thought some financial topics needed more explanation for members to properly implement and understand them. In this episode I go through 7 financial planning lessons from TAP that members need to know about:
Time Stamps:
Intro (0:00- 1:31)
Life Insurance (1:31- 4:04)
Disability Insurance (4:04-5:51)
Reserves and National Guard (5:51-7:34)
VA Disability (7:34-10:09)
VA Healthcare (10:09-11:08)
Education Benefits (11:08-14:39)
VA Loans (14:39-17:00)
Conclusion (17:00-17:23)
Resources Mentioned:
Is the Reserves or National Guard Worth It
Finding a VSO for your disability claim
Transferring Education Benefits
702 Choice Act (In State Tuition)
VR&E B...
2023-06-1417 min
The Veteran Finance PodcastIntro to Erik, What BLUF Finance Is, and the Podcast l E2In this episode, we cover:
Background on Erik
Why I Created BLUF Finance
What BLUF Finance is and where it is going
What this podcast is and what to expect
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Download the Ultimate Military Finance Checklist, with 7 pages of critical things to be thinking about to clarify your journey to financial freedom.
Think you might need some financial help? Book an intro call with me to see if we would be a mutual fit.
Questions or comments, drop me a note at: erik@baskinfp.com
2023-06-0714 min
The Veteran Finance PodcastTrailerErik Baskin is an Air Force officer turned financial planner. In 2021 he founded Baskin Financial Planning, a fee-only financial planning firm focused on the military community. He also launched the BLUF Finance membership in 2023 to serve the broader military community at a much lower cost than traditional financial planning. The BLUF Finance Podcast delivers weekly insights and conversations on personal finance for the military community to include those on active duty, veterans, transitioning members, and veteran entrepreneurs.
2023-06-0400 min
The Veteran Finance PodcastBecoming a CFP and Building a Business on Active-Duty Military Money Manual Guest Appearance l E2Welcome to the BLUF Finance Podcast! In this first episode we replay Erik's guest appearance on the Military Money Manual Podcast.
Learn more about travel hacking and military benefits from the Military Money Manual
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Download the Ultimate Military Finance Checklist, with 7 pages of critical things to be thinking about to clarify your journey to financial freedom.
Think you might need some financial help? Book an intro call with me to see if we would be a mutual fit.
Questions or comments, drop me a note at: erik@baskinfp.com
2023-05-301h 11The Veteran Finance PodcastEverything You Need to Know About Veteran Finances | E1Military Career Decisions:
• Episode 14: Is the Reserves Worth It?
• Episode 40: Stay in or Get Out? The Value of a Military Pension
Real Estate:
• Episode 42: Should I Rent My House Out or Sell It?
• Episode 50: Refinancing VA Loans with Evan Kaufman from WeVett
Investing:
• Episode 26: Why You Should Want to Invest at All Time Highs
• Episode 36: How I’ve Invested My Money From 2nd Lieutenant to Successful Veteran Business Owner
Retirement:
• Episode 27: Retirement Accounts for Small Business Owners
• Episode 29: When i...
2023-05-2402 minThe Military Money Manual PodcastErik Baskin - BLUF Finance, Side Hustles on Active Duty, & Military Separation #72Learn how to get your annual fees waived on premium credit cards from American Express and Chase in the Ultimate Military Credit Cards Course at militarymoneymanual.com/umc3. The Platinum Card® from American Express and the American Express® Gold Card waive the annual fee for active duty military servicemembers, including Guard and Reserve on active orders over 30 days. The annual fees on all personal Amex cards are also waived for military spouses married to active duty troops. In this episode, Jamie and Spencer Reese chat with Erik Baskin on life insurance, when it's appropriate to hire a...
2023-03-131h 09
The Monster Chisme PodcastTiger King 2: Return of The BaskinYes Fans You Heard that right the return of Joe Exotic. 🐯 👑 This Mini Storyline, was Gonna happen Eventually. Erik got a phone call from PRISON, from a Mr. Exotic, plus Also Finding out The Return of Carole Baskin, Will Erik help Joe Exotic fight That b$$$$h Carole Baskin. Tune In and find out what happens this week. Love The way we Recorded the Episode, or love the 1st Joe Exotic storyline, Subscribe Today, for weekly Content. If want to us, anywhere & Everywhere, 🕸 websites in our Profile page. Thank you 🧡
2021-11-301h 08
A Shot and a GoalEpisode 12: Dave Randorf, SportsnetInterview with Dave Randorf, #2 play-by-play announcer for Hockey Night in Canada. Randorf joined Sportsnet in 2014 and currently calls the late Saturday night game most weeks, and called his first Conference Final in 2019. On this podcast, Dave talks about social media detractors, how he handles the big moments, and calling the infamous Erik Karlsson goal off a missed hand pass during last year's Western Conference Final.
You can follow Dave on Twitter @DaveRandorf. You can follow host Jake Baskin on Twitter @jakebaskinpxp.
To register for the first On the Air...
2020-05-0652 min
Based on True EventsQuarantine Ep# 10: Stories of the CIA and Joe ExoticOn S2 E33 of BOTE, Shep knocks out the #3 most voted listener suggestion...and adds a little something extra! What started as a simple question about the Tiger King turned into a mini episode about our take on the show. After our bitch session about Carol Baskin and the endangered tigers, Shep educates us about Pablo Escobar, the moon landing (again) and other CIA Coverups. This episode is packed with facts...as well as utter bullshit! This is, Quarantine #10: Stories of the CIA and Joe Exotic! ENJOY!
Follow us on Facebook and Instagram @ BasedOnTrueEventsPodcast SUBSCRIBE on Apple...
2020-04-271h 17
The Monster Chisme PodcastTiger King Part 1 :Madman Erik's ShowCase TheaterYes Fans You Heard that right the return of Erik's showcase Theater. This week he was was entranced By the carole Baskin memes and wanted to watch it. Comedy ensures
2020-04-141h 06
The Franchise Story Podcast67: How the Former CEO of Dunkin’ Donuts Bridged the Gap Between Franchisor and Franchisee Interests, with Nigel TravisStories from Franchisees & Founders This week, Brian talks with Nigel Travis, the executive chairman and former CEO of Dunkin' Donuts and Baskin Robbins. Prior to Dunkin Brands, Nigel served as President and COO at Blockbuster and President and CEO at Papa John’s. Nigel reflects on the unique, results-oriented discipline he's developed over decades of leadership which provides a blueprint for any organization to achieve prosperity. His book, The Challenge Culture: Why the Most Successful Organizations Run on Pushback, showcases how a culture built on open dialogue and honesty will deliver collec...
2020-02-0451 min
LegendsmithEchoes: Our Little StrangerEchoes, Tales of Mystery and Suspense! This episode is about a couple, returning home from a comic convention find their daughter caught up in a frightful mystery.
Production:
Writer - Scooter
Director - Max Baskin
Engineer - David Allen
Music - The Night Keep - The Desolate Place
Players:
Aeris Saylor - Seffy
Erik van der Goetz - Ray
Patrick Kempter - Adrian
Scooter - Storyteller
Special Guests: Aeris Saylor, David Allen, Erik van der Goetz, Max Baskin, and Patrick Kempter.Sponsored By:The White Vault: A free horror fiction...
2019-07-0511 min