Service members and veterans have financial benefits and resources that their civilian friends don’t. Make sure to take advantage of these benefits. These include everything from exclusive life insurance options, to retirement benefits, to VA home loans. You have an amazing opportunity to save money, plan for retirement, and buy a home at good rates without a down payment.
Deciding where to live and work after transitioning out of the military can be an overwhelming process especially if you haven’t decided which state to live in. We have put together some factors for you to consider. Setting yourself up to make sure your money goes further and living in a state that has veteran employment programs as well as companies willing to hire veterans will help the transition from military life to civilian life.
This past holiday season, a vast number of Service Members, Veterans, and their families received (or will soon receive) one-time stimulus checks of $600 under the trillion-dollar federal funding package and COVID-19 relief bill President Trump signed into law.
Payback Deadline for Deferred Social Security Tax Extended With the passing of the Consolidated Appropriations Act of 2021 just last week, the major change affecting service members, federal employees, and their families is the extension for repayment of deferred payroll taxes. Effective September 1, 2020, through a presidential order, military and federal employees’ paychecks presented… Read more »
When first joining the military understanding your military pay factors, military benefits that can save you money, and tricks to reduce spending is crucial for financial planning. Understanding your finances from the start and developing a healthy cost-saving mindset can help you throughout your military career. Here’s a quick intro to financial preparation for the military.
President Trump signed a memo last month to allow employers to defer payment of employee-side social security payroll taxes, to provide relief to workers during the coronavirus pandemic. Below are the answers to some frequently asked questions.
What Is VGLI Coverage? VGLI is short for Veterans’ Group Life Insurance. It’s a renewable term life insurance policy the VA offers recently separated Servicemembers and Veterans. It allows you to continue the life insurance coverage you had in uniform under the Servicemembers’ Group Life Insurance (SGLI) program. Unlike most commercial life insurance policies, VGLI… Read more »
Blended Retirement: Round 2 On June 23rd, 2020, Senator Patty Murray (D-WA), a senior member of the Senate Veterans’ Affairs Committee, introduced the Re-Open Enrollment for Servicemembers to Opt-In to Updated Retirement Choice for Enduring Security (RESOURCES) Act of 2020, which “would promote financial security for military families by improving financial training,” according to a… Read more »
Make Sure Your Life Insurance Matches You and Your Family’s Needs Though money can’t begin to fill the void caused by a death in a family, making sure the financial needs of your loved ones will be met, even in the worst-case scenario, will give you peace of mind. When you join the military, you’re… Read more »
A military family may want to capitalize on low mortgage rates & “put down roots.” Here’s what you need to know about buying a home remotely.
Staying Organized During a PCS Moving can be an exciting and stressful time for military families, that is why it is important to stay organized during your PCS. Each PCS is different, and a little planning can go a long way in making your transition to a new home easier. Research Research while you wait… Read more »