John McConnell discusses the importance of expanding the military retirement community and the need for more resources and information. https://militaryretirementpodcast.com/resources

Joey Laswell, a financial social worker, joins the conversation and they discuss the importance of personalized financial counseling and the role of financial therapy in addressing the behavioral side of personal finance. The integration of AI into financial management is a topic of interest. AI can be a strategic tool to help with finances, but there are ethical concerns. The potential for AI in personal finance is still emerging, but it could be used to manage finances better. AI has the potential to provide personalized financial breakdowns and plans. However, there are limitations and privacy concerns that need to be addressed. Having a financial cushion is important during transitions, and managing debt and building an emergency fund can be done simultaneously. Finding one's purpose and passion post-military is crucial for a successful transition. In this conversation, John McConnell and his guest discuss the importance of military content creators and the need for more veteran-produced content to reach a wider audience. They emphasize the value of transparency and open discussions about topics like mental health and substance abuse. They also highlight the importance of giving veterans a voice and creating spaces for dialogue and interaction. The conversation then shifts to the VR&E program, with both speakers sharing their positive experiences and encouraging veterans to explore this resource for education and career support. They discuss the application process, the role of counselors, and the potential benefits of the program. Overall, the conversation highlights the importance of supporting and empowering veterans through various platforms and programs.

00:00 Introduction and Book Update

04:41 Expanding the Military Retirement Community

07:04 Introduction of Joey Laswell

11:10 The Role of Personalized Financial Counseling

18:48 Addressing Behavioral Aspects of Personal Finance through Financial Therapy

41:40 Integration of AI into Financial Management

52:46 The Importance of a Financial Cushion during Transition

59:26 Managing Debt and Building an Emergency Fund

01:13:29 The Psychological Aspects of Financial Planning and Finding Purpose

01:23:21 The Impact of Military Content Creators

01:26:11 The Importance of Transparency and Open Discussions

01:30:58 Maximizing the Benefits of the VR&E Program

01:34:57 Opportunities for Education and Career Development

01:57:59 The Power of Support in the Military Community

Colonel (RET) David Grant, former Army SFL Director, who just hung up his boots after 30 years in the Army talks about his transition and a novel he has published post military service. https://amzn.to/4fqoHR9 - What Are We Going To Do With Tyrone Jr.?

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We're diving into his journey, the highs and lows, and the valuable lessons he learned along the way. Whether you're just starting your military career, approaching retirement, or reflecting on your service, there’s something here for everyone!

0:00 - Introduction and Welcome

1:15 - Meet Colonel (RET) David Grant former SFL Director

1:41 - How David Decided to Join the Military

3:34 - Military Life: Expectations vs. Reality

5:53 - The Military Family and Support System

7:06 - Wrapping Up 30 Years of Service

9:12 - The Transition Out: Conversations and Planning

12:50 - First Weeks After Retirement and the BDD Program

16:31 - Navigating VA Claims

20:09 - Reflecting on Service and Transition Insights

24:26 - Understanding differences between TAP and Soldier for Life

31:11 - The Importance of Personal Branding and Networking

34:40 - Support from Soldier for Life for Veterans

39:37 - Financial Prep for Your Transition

46:47 - Final Thoughts and Key Takeaways

############Links###############

🔗 All of my recording/editing equipment can be found here: https://kit.co/Chief_McConnell/john-mcconnell

🔗 @riversidefm - https://riverside.fm/?utm_campaign=campaign_2&utm_medium=affiliate&utm_source=rewardful&via=john-mcconnell

🔗 Marines for Life - https://usmc-mccs.org

🔗 David's Linkedin - https://www.linkedin.com/in/david-grant-dba/

🔗 EFMP - https://www.militaryonesource.mil/special-needs/efmp/

🔗 David's Bookcase - https://davidsbookcase.com/

To all the brave men and women out there still protecting our freedom 🇺🇸 🫡 Thank you for your service!

Tune in for expert guidance and support from military veterans who have successfully navigated the journey themselves. https://militaryretirementpodcast.com/resources Join John and Victor in this insightful podcast episode as they explore the essential steps for a smooth military retirement transition. Covering personal stories, financial planning tips, and practical advice, they provide valuable insights on maximizing TSP contributions, managing debt, and utilizing the VR&E program. Learn how to declutter and embrace minimalism, discover key resources like MillCon Money 2024, and get answers to listener questions about career planning post-retirement. Timestamps:00:00 - Intro01:00 - John and Victor introduce the topic of military retirement and what listeners can expect in this episode.Personal Stories and Experiences03:37 - a story about the hectic week of moving and settling into a new home.06:20 - the challenges of dealing with accumulated stuff and the minimalist rule he follows.09:15 - donating old military gear and the quirks of thrift shops on military bases.Financial Advice and Strategies15:00 - the importance of decluttering and selling unused items before PCS moves.18:25 - financial planning, maxing out TSP contributions, and living simply.22:50 - How John and his wife managed their finances by living on one income and saving the other.Listener Questions and Answers28:40 - a listener's question about managing debt and financial planning three years before retirement.35:00 - Discussing the VR&E program, its benefits, and how to apply.40:45 - insights on finding and utilizing labor market information for career planning post-retirement.Community Engagement and Resources47:20 - Shoutout to the @FIREsocialworker and tips on engaging with military communities.50:00 - Information about MillCon Money 2024 and its importance for military personnel.55:30 - Closing remarks############Links############### 🔗 All of my recording/editing equipment can be found here: https://kit.co/Chief_McConnell/john-mcconnell 🔗 @riversidefm - https://riverside.fm/?utm_campaign=campaign_2&utm_medium=affiliate&utm_source=rewardful&via=john-mcconnell To all the brave men and women out there still protecting our freedom 🇺🇸 🫡 Thank you for your service! some links may result in commissions for the site