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.
Deployments are a fact of life for military families. Deployments can mean missing birthdays, holidays, and special occasions with your military member. However, they can also be a time of growth and opportunity to achieve personal and professional goals. A deployment might just be the perfect time to accomplish them.
Service-Disabled Veterans Insurance (S-DVI) was a Veterans Affairs insurance program that offered low-cost coverage to eligible service members. It is available to veterans who have service-connected disabilities. Learn more.
Veterans’ Mortgage Life (VMLI) If you have a service-connected disability that the VA concluded was caused or made worse by your service, you may be eligible for a Veterans’ Mortgage Life Insurance (VMLI) policy. In the event of your death, this insurance can help your family pay off the home mortgage that has been adapted… Read more »
The Thrift Savings Plan (TSP) is a retirement savings and investment plan for federal employees. The plan is also available for members of the uniformed services, including the Ready Reserve. Congress established the Thrift Savings Plan in the Federal Employees’ Retirement System Act of 1986. The TSP offers savings and tax benefits that private corporations… Read more »
The Thrift Savings Plan (TSP) offers similar retirement savings and tax benefits that many private corporations provide their employees under their 401-K plans. Maximizing Your Thrift Savings Plan Retirement Fund Not sure how to best utilize your TSP? Here are some tips… Why TSP? The government doesn’t offer a 401-K plan or other retirement funds… Read more »
Service Members Now Have More Options to Invest in TSP The Thrift Savings Plan will retire one fund and add six new funds on July 1st. The six new TSP options consist of L Funds or lifecycle funds which are crafted to allow investors to balance returns and risk on their TSP portfolio of holdings…. Read more »
Article update 12/26/2024: U.S. TRANSCOM, which oversees PCS moves for the DoD, hired HomeSafe Alliance as the sole contractor for PCS moves. A transition from the legacy PCS move system into the new contract has been underway for some time but at press time not all PCS moves are handled by HomeSafe Alliance. Depending on… Read more »
Explore the top personal budget plans for military families to help manage finances and achieve financial stability.
The Department of Veterans Affairs (VA) has a number of housing grants that are funded to help veterans regain independence in their daily lives. Here we provide an overview of these programs.
Common Money Mistakes of the Military Family According to one Military Financial Readiness Survey, more than one-third of enlisted military members do not pay their bills on time and almost half say they had to find additional ways to supplement their income. Worries about meeting personal finance goals are further heightened when considering the number of… Read more »