As a fiduciary financial advisor in Jacksonville, Holland Capital helps Marines and sailors leaving active duty decide what to do with the TSP, military benefits and a new civilian paycheck. We work with clients in Jacksonville by video and phone, and can meet at your home by appointment.
Leaving active duty. Starting over on pay and benefits.
Jacksonville has about 71,000 people, and more than four in ten residents 16 and older serve in the Armed Forces. Camp Lejeune and New River are next door.
When you leave active duty, the paycheck, health coverage and retirement savings you are used to all change at once. Some things stay with you. Others have to be rebuilt.
Your TSP After the Service
Your Thrift Savings Plan (TSP) does not disappear when you leave. You can keep it, roll it into a new employer’s plan if that plan accepts it, or roll it to an IRA. Our guide on TSP rollovers compares the choices.
Under the Blended Retirement System, your own TSP contributions are always yours, while government contributions follow separate vesting rules. Check what is vested before you leave.
Retiring or Separating
If you are retiring, the Survivor Benefit Plan election is made as part of retirement. Most elections are hard to change later, and a married member may need a spouse’s consent to reduce or decline spouse coverage.
If you are separating before retirement, there is no retired pay. Your TSP, any VA benefits and your new job carry more of the load. Our guide on military retirement planning covers both paths.
RETIREMENT ENGINEERING™
The Order Matters
Five retirement decisions and why timing matters.
State Taxes and the New Paycheck
While on active duty, military orders generally do not change your state of legal residence for tax purposes. After you leave active duty, the tax result depends on where you establish residency and where you work.
VA disability compensation is not taxed. A new employer’s benefits, including health coverage and a 401(k) match, need to be checked against what you had in uniform.
At Holland Capital, investment management brings your TSP and new accounts into one plan.
How We Work with Clients in Jacksonville
Holland Capital Management is an independent registered investment adviser and a fiduciary. M. Chad Holland, CFA, CFP® works directly with clients and is responsible for the planning and advice.
Bring your latest Leave and Earnings Statement, your TSP statement, any VA rating letter, your civilian offer letter and benefits summary, and your last tax return.
We give you a written plan: what to do with the TSP, how much to save at the new job, how your taxes change and what to set aside during the move.
The first conversation is free. If there is work worth doing after that, we will define the scope and cost before you decide whether to move forward.
Holland Capital is based in Charlotte. If you are looking for a fiduciary financial advisor in Jacksonville, most meetings are by video or phone. When it makes sense to sit down together, we can meet at your home by appointment. Holland Capital does not maintain a branch office in Jacksonville.
We work with clients throughout North Carolina. You can see the other North Carolina communities we serve here.
Our what we do page explains how a planning engagement works.
RETIREMENT ENGINEERING™
The Order Matters
Five retirement decisions and why timing matters.
Frequently Asked Questions
Should I Roll My TSP into an IRA When I Leave?
Not always. The TSP has low costs. An IRA may offer more choices. We compare the two before you move anything.
What Does a Fiduciary Financial Advisor Do for Someone Leaving the Military?
Holland Capital acts as a fiduciary when providing financial planning and investment advice. When you leave the service, that means advice on the TSP, benefits and the new job together.
You see our fee in writing before deciding.
How Do We Meet in Jacksonville?
Most meetings happen by video or phone, which fits around duty and a move. For an in-person meeting, we can come to your home by appointment.
Photo: Indy beetle / Wikimedia Commons / CC0, cropped.
