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.
Servicemembers’ Group Life Insurance (SGLI) is a low-cost life insurance program for military members. The federal government purchases group life insurance from a civilian company with coverage offered in $50 thousand increments with a maximum benefit of $400 thousand. SGLI has multiple programs, including SGLI Traumatic Injury Protection, Veterans Group Life Insurance, and something known… Read more »
Tax season is an important time for military members, veterans, and their families. Federal tax laws are subject to change year to year and state laws can be just as chellenging when it comes to what’s taxable income from military pay and benefits. And your status as an active duty member, or as part of… Read more »
The Department of Veterans Affairs has issued new guidance on VA loan funding fees and their exemption for disabled veterans. Some who filed pre-discharge claims with the VA found themselves in a gray area where VA loan funding fees are concerned…
VA loan approval processes will move faster for those applying for home loans with other veterans, thanks to changes in VA home loan policies that also improve processing times for certain disabled veterans.
In an era where many states have legalized the manufacture and sale of both recreational and medical marijuana, some veterans may find themselves considering job opportunities at cannabis dispensaries or cultivation centers.
The largest COLA increase in decades is coming in 2023. The Social Security Administration adjusts retirement and disability payments annually due to inflation. Learn more.
Armed Forces Tax BenefitsArmed forces tax benefits can save you money, but how do you apply? Learn what forms you need to file and where to send them. Read more at MyMilitaryBenefits.
The VA has replaced their life insurance program. Find out what this means for you and how to make the most of your benefits.
In 2019, the Coast Guard went without pay due to a federal budget standoff. Why was Coast Guard pay witheld for such a long time? Learn more.
If you are in the National Guard or the Reserve, you earn points toward retirement while serving part-time and when called to active service. You qualify for military retirement as a member of a Reserve Component once you have reached 20 creditable years of military service. Learn more.