fbpx

Mapping Out a Plan for Your GI Bill

Mapping Out a Plan for Your GI Bill

 

September is College Savings Month, an important part of many people’s finances. For most military members, the GI Bill plays a part in the planning. We often talk about what the GI Bill is and the benefits you receive but what we don’t talk about enough is how to actually use it.

 

In this episode, I talk with Mike Hunsberger, a Chartered Financial Consultant, and Air Force veteran, about using your GI Bill benefits. Mike launched Next Mission Financial Planning to help military, retirees, and veterans gain control of their finances. Before launching Next Mission, Mike spent 25 years in the Air Force with various assignments in the communications and cyber fields and commanding at the detachment, squadron, and group levels.

 

Mike shares the planning you should put into using your GI Bill, how far out that should begin, what to do when you have more than one child using benefits, and mistakes to avoid along the way.

 

Thank You!

Navy Federal Credit Union supports the Military Money Show. When you become a member of Navy Fed, life gets better. Buying a car is a massive undertaking these days. I just went through it myself and used Navy Fed. They have created an easy-to-use, fully loaded car buying experience that can help. Whether you’re looking for a new or used car, you can use their car buying service, powered by TrueCar, to make the process easier. Plus, they offer great auto loan rates. Learn more at navyfederal.org/carbuying

 

Mapping Out a Plan for Your GI Bill Episode Details

  • The GI Bill basics
  • Planning considerations
  • Increasing earning potential
  • Impact of expected family contribution
  • Timeline for planning
  • 529 plan and GI bill benefit
  • What happens when education plans change
  • Common errors to avoid
  • Using other aid options with the GI Bill
  • When and where to look for help

Related: Picking The Best 529 Plan-College Savings Day

 

Mapping Out a Plan for Your GI Bill Resources

More Podcast: The Ins and Outs of Your Post 9/11 GI Bill Benefits

 

Got Money Questions?

Get them answered on the show. Submit your questions here.

 

Thank You for Podcast Reviews!

I appreciate your review of The Military Money Show on iTunes, Google Podcast, iHeart Radio, and Stitcher. It helps me make the podcast better and better. Plus, it helps other people find me.

 

Connect

 

Disclosure

These notes may contain links to our affiliate products or services, which means I might get compensation when you click or buy. That said, I’m only going to put affiliate links that are in line with our podcast discussion.

 

If you want to “kickstart” your finances in the military, you can get access to my free Financial Kickstart Kit here.

 

Category
Plan