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!

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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