Aid and Attendance and Housebound Benefits Do you receive a VA pension? Do you have a permanent disability that confines you to your house or a nursing home? Do you have a service-connected disability that makes it difficult for you to manage basic needs like bathing, eating, and dressing without help? If so, you may… Read more »
The Blended Retirement System (BRS) is the new military retirement system. It went in to effect in 2018. The new system blends the traditional legacy retirement pension with a defined contribution benefit that is applied to the service member’s Thrift Savings Plan (TSP) account. It is one of the most significant changes to the compensation system since World War Two.
The “Our Military Kids” Program Offers $300 Grants We all know that kids and their activities can cost money. If you have multiple children, that can add up. If you are an active duty family you have access to what they offer on your military installation, but if you are a National Guard, Reservist, or… Read more »
Here we answer 2 questions, “why would I want to make a down payment on a VA loan mortgage?” and “can I use cryptocurrency for a down payment?” Learn more.
There will be an app that is coming out in mid-2022, that will make access to the TSP platform even easier. Also, there will be new tools such as a virtual assistant and virtual chat. There will also be a mutual fund window opening for the TSP. Learn more.
Ranking the Best Medical Benefits for Members of the Military and Their Families TRICARE is an essential aspect of your military benefits, and a big part of being a service member. TRICARE is the health care program of the United States Department of Defense Military Health System. Within TRICARE and the military as a whole,… Read more »
Learn more about 3 ways military pay and compensation will increase in 2022 and how that can affect your finances.
The 10 Best Financial Benefits for Members of the Military and Their Families What are some of the best financial benefits for those serving in the military? Here are the top 10! 1. VA Loans With a VA Loan, military families have a much better chance of being able to own vs having to rent… Read more »
For 2022, the IRS annual limit for regular TSP contributions is $20,500. In 2021, it was $19,500. This limit is important because if you are covered by FERS, FERS-RAE, or FERS-FRAE, you will lose Agency Matching TSP contributions after you hit that limit. Learn more.
The Yellow Ribbon Reintegration Program is a DoD program that was created in 2008 to help promote the well-being of National Guard and Reserve members, their families, and their communities.