"Will the Stock Market Crash in 2025?" Plus Military Transition, Backdoor Roth IRAs with Brian "A...

• "What's the mission for this money?"

• "Wealth is what you DON'T see."

• "Go find something you're really excited about."

• "Contributions, Conversion, Characterization."

• "It's OK to follow your curiosity!"

This episode is full of gems of wisdom from ALF. Some major questions include:


• Do political changes adjust my investing strategy? 

• How do I fight against the pull to get a car that's more expensive?

• What's a backdoor Roth IRA? Who needs to do it?

• Is there an income limit for Roth TSP contributions?

• Do I need to make quarterly estimated tax payments?

• Any advice for career changes after the military?

• How do I find a fulfilling career after the military?

Links we mentioned today:


• MQFP (Military Qualified Financial Planner) (link

• MilMoneyCon (link (next event is May 15-17, 2025 in San Antonio)

• Our previous episode w/ ALF on Survivor Benefit Program (link (#89)

• Erik Baskin's newsletter (link

• Personal Finance Club post about performance during Presidents (link

• Daniel Kopp (link 's Military to Financial Planner podcast (link

• Military Financial Advisors Assocation (MFAA) (link

• Winged Wealth blog post on Risk (link

• Brian O'Neill on LinkedIn

• WingedWealth.com (link

For a limited time, Spencer is offering one-on-one Military Money Mentor (link  sessions! Get your personal military money and investing questions answered in a confidential coaching call.

Our new TSP course is live! Check out the Confident TSP Investing course at militarymoneymanual.com/tsp (link  to learn all about the Thrift Savings Plan and strategies for growing your wealth while in the military. Use promo code "podcast24" for $50 off. Plus, for every course sold, we'll donate one course to an E-4 or below- for FREE!

If you have a question you would like us to answer on the podcast, please reach out on instagram.com/militarymoneymanual (link  or email [email protected].

If you want to maximize your military paycheck, check out Spencer's 5 star rated book The Military Money Manual: A Practical Guide to Financial Freedom on Amazon (link  or at shop.militarymoneymanual.com (link .

I also offer a 100% free course on military travel hacking and getting annual fee waived credit cards, like The Platinum Card® from American Express (link , the American Express® Gold Card (link , and the Chase Sapphire Reserve® Card (link  in my Ultimate Military Credit Cards Course at militarymoneymanual.com/umc3 (link .

Learn how to get your annual fees waived on premium credit cards from American Express in the Ultimate Military Credit Cards Course at militarymoneymanual.com/umc3 (link .

The Platinum Card® from American Express (link  and the American Express® Gold Card (link  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.