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.
Maximizing Your Thrift Savings Plan Retirement Fund The Thrift Savings Plan (TSP) offers similar retirement savings and tax benefits that many private corporations provide their employees under their 401-K plans. (Learn the full ins and outs of the TSP here.) Not sure how to best utilize your TSP? Here are some tips… Why TSP? The… 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 »
Taxes are due on April 15, 2021, though if you’re serving in a combat zone, you have additional time to file. Whether you have one month or several before your deadline, taking these steps can help you make sure you don’t overpay.
Checklist for PCS Moves For most military families, moving becomes second nature. From pack-out to paperwork, it can be a very stressful time for everyone involved. A Permanent Change of Station (PCS) is a good way to get organized quickly and force yourself to get rid of that old lawn mower that has been collecting… Read more »
Top Personal Budget Plans Monthly budgeting can be a tedious task, but acknowledging that there’s no one perfect way of doing it leaves room for comfort. There are countless ways to control personal finances, depending on income bracket, amount of debt you’re in, desire for control over your finances, or simply personal preference. If you’re… Read more »
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 the 2019 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 surrounding meeting personal finance goals are further heightened when taking into… Read more »
There are many scams focused on the military and veterans. Here are the military scams to be aware of and how to protect yourself.
IDT Travel Reimbursement and Tax Deduction for National Guard and Reserves For soldiers in the Reserves and National Guard, the cost of traveling to and from Inactive Duty Training (IDT) every month can add up. Many live long distance from where their unit is located, some even traveling by plane for drill. It is not… Read more »
DIY home improvements are excellent ways to potentially increase the value and appeal of your home. Find military discounts to help.