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

Highlights of this episode include:

1. How to ensure spouse feels like they’re contributing financially, even as a stay-at-home spouse

2. Setting goals as a spouse

3. Does a stay-at-home spouse need life insurance coverage? 

4. Both spouses can contribute to their Roth IRA (if married filing jointly)

5. How are you treating yourself financially?

6. How to resolve differences in financial goals and communicate better as a couple

7. How to move on from financial mistakes

8. How a spouse can take the lead on family finances to help throughout the seasons of military life

Links we mentioned today:

• Our first epsiode # 55 with Colleen Salchow (

• ACFPE and FINRA scholarship for military spouses to earn AFC  (

• 3 things great marriages do with money, episode #107  (

• Salchowcoaching.com (

• Colleen on LinkedIn (

Check out the Confident TSP Investing course at militarymoneymanual.com/tsp ( 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’re an E-4 or below, e-mail us at TSP@militarymoneymanual.com (mailto:TSP@militarymoneymanual.com) , and we’ll send you a promo code to use for a FREE course.

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

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 (  or at shop.militarymoneymanual.com ( .

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 ( , the American Express® Gold Card ( , and the Chase Sapphire Reserve® Card (  in my Ultimate Military Credit Cards Course at militarymoneymanual.com/umc3 ( .

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 ( .

The Platinum Card® from American Express (  and the American Express® Gold Card (  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….(read more)

LEARN MORE ABOUT: Thrift Savings Plans

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Military spouses play a vital role in the military community, providing support, guidance, and stability to their service member spouses. However, many people may not realize the financial value that military spouses bring to the table. From managing household finances to playing a critical role in decision-making, military spouses are valuable assets in the financial realm.

One way military spouses can secure their financial future is through the use of Roth IRAs. Roth IRAs are a type of retirement account that allows individuals to contribute after-tax income, with withdrawals being tax-free in retirement. Military spouses can take advantage of Roth IRAs to save for their own retirement, separate from their service member spouse’s retirement accounts such as a Thrift Savings Plan (TSP) or 401(k).

Setting financial goals is crucial for military spouses to ensure they are on track for a secure financial future. Whether it’s saving for retirement, building an emergency fund, or paying off debt, having clear financial goals can help military spouses stay focused and motivated. Creating a budget, tracking expenses, and monitoring progress towards financial goals are important steps in achieving financial security.

In addition to saving for retirement, military spouses should also consider the importance of insurance in their financial planning. Health insurance, life insurance, and disability insurance are all essential components of a comprehensive financial plan. Ensuring adequate coverage for unexpected events can provide peace of mind and financial protection for military spouses and their families.

Navigating the financial landscape as a military spouse can be challenging, but with careful planning and strategic decision-making, military spouses can build a strong financial foundation for themselves and their families. By understanding the financial value they bring to the table, taking advantage of retirement savings options like Roth IRAs, setting clear financial goals, and securing appropriate insurance coverage, military spouses can pave the way for a secure and prosperous financial future.