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live after military

Where Should Veterans Choose to Live After the Military

Deciding where to live and work after transitioning out of the military can be an overwhelming process especially if you haven’t decided which state to live in. We have put together some factors for you to consider. Setting yourself up to make sure your money goes further and living in a state that has veteran employment programs as well as companies willing to hire veterans will help the transition from military life to civilian life.

military financial preparation

Military Financial Preparation: An Introduction

When first joining the military understanding your military pay factors, military benefits that can save you money, and tricks to reduce spending is crucial for financial planning. Understanding your finances from the start and developing a healthy cost-saving mindset can help you throughout your military career. Here’s a quick intro to financial preparation for the military.

Military Payroll Tax Deferral

Military Impact of Payroll Tax Deferral

President Trump signed a memo last month to allow employers to defer payment of employee-side social security payroll taxes, to provide relief to workers during the coronavirus pandemic. Below are the answers to some frequently asked questions.

Blended Retirement System Updates

Blended Retirement: BRS Round 2

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 »

Veterans Economic Recovery Act

Veterans Economic Recovery Act Bill Introduced

To get veterans and their spouses back to work, top VA lawmakers introduced a bipartisan, bicameral bill ––the Veterans Economic Recovery Act. Learn more.

Veteran’s Mortgage Life (VMLI)

Veterans’ Mortgage Life (VMLI) Overview

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 »

thrift savings plan

Thrift Savings Plan (TSP): Everything You Need to Know

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 »