How can veterans and service members better manage their money, especially for retirement?
In this interview, Nicholas Bradfield and I chat about budgeting, retirement savings, and investment advice for veterans and military service members. Nick is a Marine veteran, financial advisor, and founder of Divvy Investments, which is simplifying retirement investing for the do-it-yourself investor. While working at a big box brokerage firm one day, his boss told him to, "care less about his customers." Nick quit the next day and decided to figure out a better way to help investors on his own. Hoorah!
- Nick also mentioned checking out Vanguard for general information on investing, as well as, Kiplinger's, Yahoo Finance, and Money Magazine.
Insights From The Interview
- What you need to think about with you personal finances when you transition.
- Diving into different aspects of TSP and where to put your retirement investments.
- What to look for in a financial planner.
- Why fees will kill your investing.
- Why simplicity is your friend in investing and how Divvy Investments can help.
- Why mutual funds don’t beat index funds.
- What asset allocation is and how it works.
- Modern portfolio theory, risk management, and volatility
- Why watching the news won’t help your retirement investing.
- What some brokerages really think about their customers.