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 competitive rates, typically without a down payment.
VGLI is short for Veterans’ Group Life Insurance. It’s a renewable term life insurance policy the VA offers to recently separated servicemembers and veterans. It allows you to continue the life insurance coverage you had while in uniform under the Servicemembers’ Group Life Insurance (SGLI) program. Learn 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 »
When you join the military, you’re automatically eligible for Service Members Group Life Insurance (SGLI). Learn more about life insurance for military.
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 »
Buying a home may be the biggest money-decision you make. Here’s a list to can do the prepare you for a home purchase as a military family.
Choosing Dave Ramsey or FIRE – Personal Financial Management in the Military Dave Ramsey and his counterpart Financial Independence Retire Early (FIRE) are two big names in personal finance. Both offer advice on how to save your money and live comfortably in your later years, but as a service member how do you know which… Read more »
Learn about VA loan entitlements that may allow you to borrow more than your home’s value, and find out how to apply for this benefit.
Homeownership remains at the heart of the American Dream. To assist Veterans and Service Members in purchasing a home, the Department of Veterans Affairs (VA) created the VA Home Loan program. Learn more.
Credit scores are a snapshot of your credit file and vary based on several factors. Find ways to improve your credit score to better your financial health.